Pitney Bowes 2012 Annual Report Download - page 94

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
76
December 31, 2011
Level 1 Level 2 Level 3 Total
Money market funds $ — $ 22,064 $ — $ 22,064
Equity securities 218,010 262,152 — 480,162
Commingled fixed income securities — 177,349 — 177,349
Debt securities - U.S. and foreign governments, agencies and
municipalities 60,411 16,745 — 77,156
Debt securities - corporate — 467,281 — 467,281
Mortgage-backed securities — 57,922 3,702 61,624
Asset-backed securities — 919 — 919
Private equity — — 88,870 88,870
Real estate — — 57,918 57,918
Derivatives 293 — — 293
Securities lending collateral (1) — 119,528 — 119,528
Total plan assets at fair value $ 278,714 $ 1,123,960 $ 150,490 $ 1,553,164
Securities lending payable (1) (119,528)
Cash 1,108
Other (8,208)
Fair value of plan assets available for benefits $ 1,426,536
(1) Securities lending collateral is offset by a corresponding securities lending payable amount.
Foreign Plans
December 31, 2012
Level 1 Level 2 Level 3 Total
Money market funds $ — $ 7,130 $ — $ 7,130
Equity securities 96,442 213,662 — 310,104
Commingled fixed income securities — 157,332 — 157,332
Debt securities - U.S. and foreign governments, agencies and
municipalities — 18,937 — 18,937
Debt securities - corporate — 6,935 — 6,935
Derivatives —(114) — (114)
Total plan assets at fair value $ 96,442 $ 403,882 $ — $ 500,324
Cash 4,414
Other 4,593
Fair value of plan assets available for benefits $ 509,331