Pitney Bowes 2013 Annual Report Download - page 93

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
82
December 31, 2012
Level 1 Level 2 Level 3 Total
Money market funds $ — $ 17,363 $ — $ 17,363
Equity securities 250,303 203,766 — 454,069
Commingled fixed income securities — 200,899 — 200,899
Debt securities - U.S. and foreign governments, agencies and
municipalities 53,984 35,461 — 89,445
Debt securities - corporate — 621,691 — 621,691
Mortgage-backed securities — 39,552 3,191 42,743
Asset-backed securities — 547 — 547
Private equity — — 91,805 91,805
Real estate — — 63,168 63,168
Securities lending collateral (1) — 104,375 — 104,375
Total plan assets at fair value $ 304,287 $ 1,223,654 $ 158,164 $ 1,686,105
Securities lending payable (1) (104,375)
Cash 618
Other 1,584
Fair value of plan assets available for benefits $ 1,583,932
(1) Securities lending collateral is offset by a corresponding securities lending payable amount.
Foreign Plans
December 31, 2013
Level 1 Level 2 Level 3 Total
Money market funds $ — $ 6,058 $ — $ 6,058
Equity securities 109,403 257,046 — 366,449
Commingled fixed income securities — 104,070 — 104,070
Debt securities - U.S. and foreign governments, agencies and
municipalities — 60,204 — 60,204
Debt securities - corporate — 17,944 — 17,944
Total plan assets at fair value $ 109,403 $ 445,322 $ — $ 554,725
Cash 5,285
Other 1,068
Fair value of plan assets available for benefits $ 561,078