Morgan Stanley 2015 Annual Report Download - page 240

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Fair Value of Net Pension Plan Assets.
At December 31, 2015
Level 1 Level 2 Level 3 Total
(dollars in millions)
Assets:
Investments:
Cash and cash equivalents(1) ........................... $ 28 $ — $ — $ 28
U.S. government and agency securities:
U.S. Treasury securities ........................... 1,398 — — 1,398
U.S. agency securities ............................. — 263 — 263
Total U.S. government and agency securities ....... 1,398 263 — 1,661
Corporate and other debt:
State and municipal securities ....................... — 2 — 2
Collateralized debt obligations ...................... — 22 — 22
Total corporate and other debt .................. — 24 — 24
Derivative contracts ................................... — 224 — 224
Commingled trust funds(2) ............................. — 1,298 — 1,298
Foreign funds(3) ..................................... — 338 — 338
Other investments .................................... — — 35 35
Total investments ................................ 1,426 2,147 35 3,608
Receivables:
Other receivables(1) .................................. — 54 — 54
Total receivables ................................. — 54 — 54
Total assets ............................................. $ 1,426 $ 2,201 $ 35 $ 3,662
Liabilities:
Derivative contracts ....................................... $ — $ 65 $ — $ 65
Other liabilities(1) ........................................ — 100 — 100
Total liabilities .......................................... $ — $ 165 $ — $ 165
Net pension assets .................................... $ 1,426 $ 2,036 $ 35 $ 3,497
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