Sears 2009 Annual Report Download - page 80

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Fair Value of Pension and Postretirement Benefit Plan Assets
The following table presents our plan assets using the fair value hierarchy described in Note 5 as of
January 30, 2010:
SHC Domestic
Investment Assets at Fair Value as of
January 30, 2010
Total Level 1 Level 2 Level 3
Cash equivalents and short term investments ......................... $ 157 $ — $ 157 $—
Global equity securities
Common and preferred stock .................................... 1,263 1,262 1 —
Registered investment companies ................................ 5 5 — —
Fixed income securities
Corporate ................................................... 1,205 — 1,205 —
U.S. government and agencies ................................... 301 — 301 —
Mortgage backed and asset backed ............................... 377 — 364 13
Municipal and foreign government ............................... 73 — 73 —
Ventures and partnerships ........................................ 50 — 1 49
Total investment assets at fair value ................................ $3,431 $1,267 $2,102 $ 62
Cash ......................................................... 172
Accounts receivable ............................................. 59
Accounts payable ............................................... (29)
Net assets available for plan benefits ................................ $3,633
Sears Canada
Investment Assets at Fair Value as of
January 30, 2010
Total Level 1 Level 2 Level 3
Cash equivalents and short term investments ........................... $ 7 $ 7 $— $—
Global equity securities
Pooled equity funds ............................................ 644 260 — 384
Fixed income securities
Corporate .................................................... 226 65 93 68
U.S. government and agencies .................................... 2 — 2 —
Mortgage backed and asset backed ................................ 2 — — 2
Municipal and foreign government ................................ 378 345 33 —
Futures, options and other ......................................... 23 — 23 —
Total investment assets at fair value .................................. $1,282 $677 $151 $454
Cash .......................................................... 6
Refundable deposits .............................................. 23
Accounts receivable .............................................. 3
Accounts payable ................................................ (1)
Net assets available for plan benefits ................................. $1,313
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