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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.
                   


70