Motorola 2014 Annual Report Download - page 80

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78
Pension and Postretirement Health Care Benefits Plan Assets
The fair values of the various pension and postretirement health care benefits plans’ assets by level in the fair value
hierarchy as of December 31, 2014 and 2013 were as follows:
U.S. Pension Benefit Plans
December 31, 2014 Level 1 Level 2 Total
Common stock and equivalents $ 902 $ — $ 902
Commingled equity funds — 565 565
Preferred stock 3 — 3
Government, agency and government-sponsored enterprise obligations — 520 520
Other government bonds — 91 91
Corporate bonds — 795 795
Mortgage-backed bonds — 16 16
Commingled short-term investment funds — 422 422
Total investment securities $ 905 $ 2,409 $ 3,314
Accrued income receivable 3
Fair value plan assets $ 3,317
The table above includes no securities on loan as part of a securities lending arrangement.
December 31, 2013 Level 1 Level 2 Total
Common stock and equivalents $ 1,424 $ — $ 1,424
Commingled equity funds — 2,045 2,045
Preferred stock 6 — 6
Government, agency and government-sponsored enterprise obligations — 238 238
Other government bonds — 42 42
Corporate bonds — 336 336
Mortgage-backed bonds — 15 15
Commingled bond funds — 1,862 1,862
Commingled short-term investment funds — 96 96
Total investment securities $ 1,430 $ 4,634 $ 6,064
Accrued income receivable 7
Fair value plan assets $ 6,071
The table above includes securities on loan as part of a securities lending arrangement of $125 million of common stock
and equivalents, $199 million of government, agency, and government-sponsored enterprise obligations, and $19 million of
corporate bonds. All securities on loan are fully cash collateralized.
There were no significant transfers between Level 1 and Level 2 during 2014 or 2013.