Occidental Petroleum 2015 Annual Report Download - page 73
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FAIR VALUE OF PENSION PLAN ASSETS
(in millions)
U.S. government securities
Corporate bonds (a)
Common/collective trusts (b)
Mutual funds:
Bond funds
Blend funds
Common and preferred stocks (c)
Other
Total pension plan assets (d)
(in millions)
Fair Value Measurements at December 31, 2014 Using
Description
Level 1
Level 2
Level 3
Total
U.S. government securities
$ 15
$ —
$ —
$ 15
Corporate bonds (a)
—
76
—
76
Common/collective trusts (b)
—
13
—
13
Mutual funds:
Bond funds
42
—
—
42
Blend funds
68
—
—
68
Common and preferred stocks (c)
196
—
—
196
Other
—
38
1
39
Total pension plan assets (d)
$ 321
$ 127
$ 1
$ 449
(a) This category represents investment grade bonds of U.S. and non-U.S. issuers from diverse industries.
(b) This category includes investment funds that primarily invest in U.S. and non-U.S. common stocks and fixed-income securities.
(c) This category represents direct investments in common and preferred stocks from diverse U.S. and non-U.S. industries.
(d) Amounts exclude net payables of approximately $1 million and $13 million as of December 31, 2015 and 2014, respectively.
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