Red Lobster 2012 Annual Report Download - page 65

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Notes to Consolidated Financial Statements
Darden
Darden Restaurants, Inc. 2012 Annual Report 61
The following table presents the changes in Level 3 investments for the defined benefit pension plans at May 27, 2012:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Private Equity Private Equity Energy & Real Estate Real Asset
(in millions)
Partnerships Securities Public Sector Private Funds Total
Beginning balance at May 29, 2011 $ 25.6 $ — $ 4.3 $ 10.8 $ 40.7
Actual return on plan assets:
Relating to assets still held at the reporting date — — — — —
Relating to assets sold during the period 0.3 — — — 0.3
Purchases, sales and settlements (25.9) — (4.3) (10.8) (41.0)
Transfers in and/or out of Level 3 — — — — —
Ending balance at May 27, 2012 $ — $ — $ — $ — $ —
The following table presents the changes in Level 3 investments for the defined benefit pension plans at May 29, 2011:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Private Equity Private Equity Energy & Real Estate Real Asset
(in millions)
Partnerships Securities Public Sector Private Funds Total
Beginning balance at May 30, 2010 $22.9 $ 0.1 $4.2 $ 9.2 $36.4
Actual return on plan assets:
Relating to assets still held at the reporting date 2.8 (0.1) 0.1 0.3 3.1
Relating to assets sold during the period 2.0 — — 0.6 2.6
Purchases, sales, and settlements (2.1) — — 0.7 (1.4)
Transfers in and/or out of Level 3 — — — — —
Ending balance at May 29, 2011 $25.6 $ — $4.3 $10.8 $40.7
The following benefit payments are expected to be paid between fiscal 2013 and fiscal 2022:
(in millions)
Defined Benefit Plans Postretirement Benefit Plan
2013 $10.0 $0.7
2014 10.4 0.7
2015 10.9 0.8
2016 11.5 0.9
2017 12.4 0.9
2018–2022฀ 74.6฀ 6.0