Prudential 2012 Annual Report Download - page 178

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
18. EMPLOYEE BENEFIT PLANS (continued)
Changes in Fair Value of Level 3 Pension Assets
Year Ended December 31, 2012
Fixed
Maturities–
Pooled
Separate
Accounts
Fixed
Maturities–
Corporate
Debt–
Corporate
Bonds
Fixed
Maturities–
Other
Real Estate–
Pooled
Separate
Accounts
(in millions)
Fair Value, beginning of period ................................... $20 $12 $62 $318
Actual Return on Assets:
Relatingtoassetsstillheldatthereportingdate ................ 2 (1) 0 40
Relating to assets sold during the period .................... 0 0 0 (1)
Purchases, sales and settlements .............................. 10 0 (4) (35)
Transfers in and /or out of Level 3 ............................ 0 1 0 0
Fair Value, end of period ........................................ $32 $12 $58 $322
Year Ended December 31, 2012
Real Estate–
Partnerships
Other–
Partnerships
Other–Hedge
Fund
(in millions)
Fair Value, beginning of period ....................................... $105 $552 $678
Actual Return on Assets:
Relating to assets still held at the reporting date ................... 5 32 57
Relating to assets sold during the period ........................ 0 0 0
Purchases, sales and settlements ................................... 75 14 (28)
Transfers in and /or out of Level 3 ................................. 0 0 0
Fair Value, end of period ............................................ $185 $598 $707
Year Ended December 31, 2011
Fixed
Maturities–
Pooled
Separate
Accounts
Fixed
Maturities–
Corporate
Debt–
Corporate
Bonds
Fixed
Maturities–
Other
Real Estate–
Pooled
Separate
Accounts
(in millions)
Fair Value, beginning of period ................................. $ 0 $10 $(8) $216
Actual Return on Assets:
Relatingtoassetsstillheldatthereportingdate .............. 0 0 0 39
Relating to assets sold during the period .................. 0 0 0 16
Purchases, sales and settlements ............................. 20 (1) 70 47
Transfers in and /or out of Level 3 ........................... 0 3 0 0
Fair Value, end of period ...................................... $20 $12 $62 $318
Year Ended December 31, 2011
Real Estate–
Partnerships
Other–
Structured
Debt
Other–
Partnerships
Other–
Hedge
Fund
(in millions)
Fair Value, beginning of period ...................................... $ 42 $658 $219 $570
Actual Return on Assets:
Relating to assets still held at the reporting date ................. 0 0 22 (20)
Relating to assets sold during the period ....................... 0 44 11 2
Purchases, sales and settlements ................................. 63 (702) 300 126
Transfers in and /or out of Level 3 ................................ 0 0 0 0
Fair Value, end of period ........................................... $105 $ 0 $552 $678
176 Prudential Financial, Inc. 2012 Annual Report