Motorola 2009 Annual Report Download - page 121
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113
Pension and Postretirement Health Care Plan Assets
The fair value of the various pension and postretirement health care plans’ assets by level in the fair value
hierarchy as of December 31, 2009 were as follows:
Regular Plan
December 31, 2009 Level 1 Level 2 Level 3 Total
Common stock and equivalents $1,225 $ — $ 6 $1,231
Commingled equity funds — 1,416 — 1,416
Preferred stock 3 — 1 4
U.S. government and agency obligations — 119 — 119
Other government bonds — 3 — 3
Corporate bonds — 121 — 121
Mortgage-backed bonds — 178 — 178
Asset-backed bonds — 36 — 36
Commingled bond funds — 718 — 718
Commingled short-term investment funds — 49 — 49
Invested cash — 17 — 17
Total investment securities $1,228 $2,657 $ 7 $3,892
Accrued income receivable 6
Fair value plan assets $3,898
The table above includes securities on loan as part of a securities lending arrangement of $137 million of
common stock and equivalents, $106 million of U.S. government and agency obligations and $15 million of
corporate bonds. All securities on loan are fully cash collateralized.
The following table summarizes the changes in fair value of the Regular Plan assets measured using Level 3
inputs:
2009
Balance at January 1 $7
Actual return on plan assets:
Gain on assets held at December 31 9
Losses on assets sold during the period (2)
Purchases 6
Sales (6)
Transfers out, net (7)
Balance at December 31 $7
Officers’ Plan
December 31, 2009 Level 1 Level 2 Level 3 Total
U.S. government and agencies $— $10 $— $10
Corporate bonds — 2 — 2
Mortgage-backed bonds — 3 — 3
Commingled short-term investment funds — 1 — 1
Total investment securities $— $16 $— $16
Other assets and liabilities, net 1
Fair value plan assets $17