Motorola 2014 Annual Report Download - page 81

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79
Non-U.S. Pension Benefit Plans
December 31, 2014 Level 1 Level 2 Total
Common stock and equivalents $ 194 $ — $ 194
Commingled equity funds — 569 569
Government, agency, and government-sponsored enterprise obligations — 26 26
Corporate bonds — 316 316
Commingled bond funds — 399 399
Commingled short-term investment funds — 9 9
Total investment securities $ 194 $ 1,319 $ 1,513
Cash 233
Accrued income receivable 5
Insurance contracts 55
Fair value plan assets $ 1,806
The table above includes securities on loan as part of a securities lending arrangement of $16 million of common stock
and equivalents and $12 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:
2014
Balance at January 1 $ 26
Transfers to Level 2 (14)
Loss on assets held (1)
Payments received for securities sold (10)
Purchases 1
Other (2)
Balance at December 31 $ —
December 31, 2013 Level 1 Level 2 Level 3 Total
Common stock and equivalents $ 172 $ — $ — $ 172
Commingled equity funds — 558 — 558
Government, agency, and government-sponsored enterprise
obligations — 21 3 24
Corporate bonds — 289 23 312
Commingled bond funds — 361 — 361
Commingled short-term investment funds — 11 — 11
Total investment securities $ 172 $ 1,240 $ 26 $ 1,438
Accrued income receivable 61
Insurance contracts 14
Fair value plan assets $ 1,513
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.
There were no significant transfers between Level 1 and Level 2 during 2014 or 2013.