MetLife 2011 Annual Report Download - page 218

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Non-U.S. Plans
The pension and postretirement plan assets and liabilities measured at estimated fair value on a recurring basis were determined as described
below. These estimated fair values and their corresponding placement in the fair value hierarchy are summarized as follows:
December 31, 2011
Pension Benefits Other Postretirement Benefits
Fair Value Measurements at
Reporting Date Using
Total
Estimated
Fair Value
Fair Value Measurements at
Reporting Date Using
Total
Estimated
Fair Value
Quoted
Prices
in Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Quoted
Prices
in Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In millions)
Assets:
Fixed maturity securities:
Foreign bonds ..................................... $— $ 96 $— $ 96 $— $13 $— $13
Total fixed maturity securities ........................ — 96 — 96 — 13 — 13
Equity securities:
Common stock — foreign ............................ — 43 — 43 — — — —
Total equity securities .............................. — 43 — 43 — — — —
Derivative securities ................................... — — 13 13 — — — —
Short-term investments ................................ — 6 — 6 — — — —
Other invested assets .................................. 19 — — 19 — — — —
Real estate .......................................... — — 8 8 — — — —
Total assets ..................................... $19 $145 $21 $185 $— $13 $— $13
December 31, 2010
Pension Benefits Other Postretirement Benefits
Fair Value Measurements at
Reporting Date Using
Total
Estimated
Fair Value
Fair Value Measurements at
Reporting Date Using
Total
Estimated
Fair Value
Quoted
Prices
In Active
Markets
for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Quoted
Prices
In Active
Markets
for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In millions)
Assets:
Fixed maturity securities:
Foreign bonds ..................................... $ 1 $ 79 $— $ 80 $— $15 $— $15
Total fixed maturity securities ........................ 1 79 — 80 — 15 — 15
Equity securities:
Common stock — domestic .......................... 4 — — 4 — — — —
Common stock — foreign ............................ 8 35 — 43 — — — —
Total equity securities ............................. 12 35 — 47 — — — —
Money market securities ................................. — 10 — 10 — — — —
Derivative securities ..................................... — — 11 11 — — — —
Short-term investments .................................. 2 4 — 6 — — — —
Other invested assets ................................... 16 — — 16 — — — —
Real estate ........................................... — — 8 8 — — — —
Total assets ..................................... $31 $128 $19 $178 $— $15 $— $15
214 MetLife, Inc.