Sears 2011 Annual Report Download - page 85

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
A rollforward of our Level 3 assets each year is as follows:
SHC Domestic
January 29,
2011
Balance
Net Realized and
Unrealized
Gains/(Losses) Purchases
Sales and
Settlements
Net Transfers
Into/(Out of)
Level 3
January 28,
2012
Balance
millions
Fixed income securities
Corporate bonds and notes ......... $— $— $ 2 $— $— $ 2
Mortgage backed and asset backed . . 1 — — (1) — —
Venture and partnerships ............ 20 (3) — (2) — 15
Total Level 3 investments ........... $ 21 $ (3) $ 2 $ (3) $— $ 17
SHC Domestic
January 30,
2010
Balance
Net Realized and
Unrealized
Gains/(Losses) Purchases
Sales and
Settlements
Net Transfers
Into/(Out of)
Level 3
January 29,
2011
Balance
millions
Fixed income securities
Mortgage backed and asset backed . . $ 13 $ 1 $— $ (9) $ (4) $ 1
Venture and partnerships ............ 49 (7) — (22) — 20
Total Level 3 investments ........... $ 62 $ (6) $— $ (31) $ (4) $ 21
Sears Canada
January 29,
2011
Balance
Net Realized and
Unrealized
Gains/(Losses) Purchases
Sales and
Settlements
Net Transfers
Into/(Out of)
Level 3
January 28,
2012
Balance
millions
Fixed income securities
Corporate bonds and notes ......... $ 2 $— $— $— $ (2) $—
Mortgage backed and asset backed . . 69 5 — (10) — 64
Hedge and pooled equity funds ....... 113 (3) — (94) — 16
Total Level 3 investments ........... $184 $ 2 $ $(104) $ (2) $ 80
Sears Canada
January 30,
2010
Balance
Net Realized and
Unrealized
Gains/(Losses) Purchases
Sales and
Settlements
Net Transfers
Into/(Out of)
Level 3
January 29,
2011
Balance
millions
Fixed income securities
Corporate bonds and notes ......... $ 68 $— $ 2 $— $(68) $ 2
Mortgage backed and asset backed . . 2 8 — (9) 68 69
Hedge and pooled equity funds ....... 384 17 18 (306) — 113
Total Level 3 investments ........... $454 $ 25 $ 20 $(315) $— $184
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