Prudential 2012 Annual Report Download - page 179

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PRUDENTIAL FINANCIAL, INC.
Notes to Consolidated Financial Statements
18. EMPLOYEE BENEFIT PLANS (continued)
Postretirement plan asset allocations in accordance with the investment guidelines are as follows:
As of December 31, 2012
Level 1 Level 2 Level 3 Total
(in millions)
U.S. Equities:
Variable Life Insurance Policies(1) ............................................... $ 0 $ 493 $0 $ 493
Common trusts(2) ............................................................ 0 100 0 100
Equities .................................................................... 104 0 0 104
Subtotal ............................................................ 697
International Equities:
Variable Life Insurance Policies(3) ............................................... 0 52 0 52
Common trusts(4) ............................................................ 0 18 0 18
Subtotal ............................................................ 70
Fixed Maturities:
Common trusts(5) ............................................................ 0 29 0 29
U.S. government securities (federal):
Mortgage-Backed .................................................... 0 12 0 12
Other U.S. government securities ........................................ 0 138 0 138
U.S. government securities (state & other) ......................................... 0 3 0 3
Non-U.S. government securities ................................................. 0 8 0 8
Corporate Debt:
Corporate bonds(6) ....................................................... 0 195 2 197
Asset-Backed ............................................................ 0 57 0 57
Collateralized Mortgage Obligations (CMO)(7) ................................. 0 70 0 70
Interest rate swaps (Notional amount: $681) ........................................ 0 (8) 0 (8)
Other(8) .................................................................... 47 0 (4) 43
Unrealized gain (loss) on investment of securities lending collateral(9) ...................... 0 0 0 0
Subtotal ............................................................ 549
Short-term Investments:
Variable Life Insurance Policies ................................................. 0 1 0 1
Registered investment companies ................................................ 12 0 0 12
Subtotal ............................................................ 13
Total ........................................................... $163 $1,168 $(2) $1,329
As of December 31, 2011
Level 1 Level 2 Level 3 Total
(in millions)
U.S. Equities:
Variable Life Insurance Policies(1) ............................................. $ 0 $ 439 $0 $ 439
Common trusts(2) ........................................................... 0 85 0 85
Equities ................................................................... 96 0 0 96
Subtotal ........................................................... 620
International Equities:
Variable Life Insurance Policies(3) ............................................. 0 44 0 44
Common trusts(4) ........................................................... 0 15 0 15
Subtotal ........................................................... 59
Fixed Maturities:
Common trusts(5) ........................................................... 0 27 0 27
U.S. government securities (federal):
Mortgage-Backed ................................................... 0 12 0 12
Other U.S. government securities ....................................... 0 101 0 101
U.S. government securities (state & other) ........................................ 0 3 0 3
Non-U.S. government securities ................................................ 0 3 0 3
Corporate Debt:
Corporate bonds(6) ...................................................... 0 284 2 286
Asset-Backed .......................................................... 0 62 0 62
Collateralized Mortgage Obligations (CMO)(7) ............................... 0 144 0 144
Interest rate swaps (Notional amount: $560) ...................................... 0 (4) 0 (4)
Other(8) .................................................................. 8 0 2 10
Unrealized gain (loss) on investment of securities lending collateral(10) ................ 0 0 0 0
Subtotal ........................................................... 644
Short-term Investments:
Variable Life Insurance Policies ................................................ 0 1 0 1
Registered investment companies .............................................. 20 0 0 20
Subtotal ........................................................... 21
Total ......................................................... $124 $1,216 $4 $1,344
Prudential Financial, Inc. 2012 Annual Report 177