Motorola 2013 Annual Report Download - page 88

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86
December 31, 2012 Level 1 Level 2 Total
Common stock and equivalents $ 1,592 $ 3 $ 1,595
Commingled equity funds — 1,965 1,965
Preferred stock 9 — 9
Government, agency, and government-sponsored enterprise obligations — 317 317
Other government bonds — 49 49
Corporate bonds — 327 327
Mortgage-backed bonds — 14 14
Commingled bond funds — 1,082 1,082
Commingled short-term investment funds — 58 58
Invested cash — — —
Total investment securities $ 1,601 $ 3,815 $ 5,416
Accrued income receivable 10
Fair value plan assets $ 5,426
The table above includes securities on loan as part of a securities lending arrangement of $117 million of common stock
and equivalents, $260 million of government, agency, and government-sponsored enterprise obligations, and $17 million of
corporate bonds. All securities on loan are fully cash collateralized.
There were no significant transfers between Level 1 and Level 2 during 2013 or 2012.
Non-U.S. Pension Benefit Plans
December 31, 2013 Level 1 Level 2 Level 3 Total
Common stock and equivalents $ 208 $ — $ — $ 208
Commingled equity funds — 558 — 558
Government, agency, and government-sponsored
enterprise obligations — 21 3 24
Corporate bonds — 308 23 331
Commingled bond funds — 361 — 361
Commingled short-term investment funds — 11 — 11
Total investment securities $ 208 $ 1,259 $ 26 $ 1,493
Accrued income receivable 61
Insurance contracts* 14
Fair value plan assets $ 1,568
* Comprised of annuity contracts issued by life insurance companies for one of the Company's non-U.S. pension plans
The table above includes securities on loan as part of a securities lending arrangement of $8 million of common stock and
equivalents and $13 million of corporate bonds. All securities on loan are fully collateralized.
The following table summarizes the changes in fair value of the Level 3 assets:
2013
Balance at January 1 $ —
Transfers from Level 2 14
Transfers to Level 2 (2)
Loss on assets held (2)
Payments received for securities sold (4)
Purchases 21
Other (1)
Balance at December 31 $ 26