Pitney Bowes 2015 Annual Report Download - page 90

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
74
United States Pension Plans
December 31, 2015
Level 1 Level 2 Level 3 Total
Money market funds $ — $ 7,493 $ — $ 7,493
Equity securities 174,664 140,270 — 314,934
Commingled fixed income securities — 205,246 — 205,246
Debt securities - U.S. and foreign governments, agencies and
municipalities 143,449 21,424 — 164,873
Debt securities - corporate — 592,111 — 592,111
Mortgage-backed securities — 14,810 1,592 16,402
Asset-backed securities — 2,535 — 2,535
Private equity — — 63,577 63,577
Real estate — — 82,569 82,569
Securities lending collateral (1) — 154,690 — 154,690
Total plan assets at fair value $ 318,113 $ 1,138,579 $ 147,738 $ 1,604,430
Securities lending payable (1) (154,690)
Cash 4,072
Other 6,978
Fair value of plan assets available for benefits $ 1,460,790
December 31, 2014
Level 1 Level 2 Level 3 Total
Money market funds $ — $ 10,758 $ — $ 10,758
Equity securities 180,069 146,716 — 326,785
Commingled fixed income securities — 261,571 — 261,571
Debt securities - U.S. and foreign governments, agencies and
municipalities 184,209 25,131 — 209,340
Debt securities - corporate — 598,927 — 598,927
Mortgage-backed securities — 20,401 2,102 22,503
Asset-backed securities — 2,158 — 2,158
Private equity — — 81,246 81,246
Real estate — — 74,747 74,747
Securities lending collateral (1) — 131,901 — 131,901
Total plan assets at fair value $ 364,278 $ 1,197,563 $ 158,095 $ 1,719,936
Securities lending payable (1) (131,901)
Cash 4,621
Other 807
Fair value of plan assets available for benefits $ 1,593,463
(1) Securities lending collateral is offset by a corresponding securities lending payable amount.