Snapple 2012 Annual Report Download - page 101
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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
83
Assets of the Pension and Postretirement Medical Plans
The following tables present the major categories of plan assets for the pension and postretirement medical plan assets as of
December 31, 2012 and 2011 (in millions):
Pension Plans Postretirement Medical Plans
December 31, December 31, December 31, December 31,
2012 2011 2012 2011
Assets:
Cash and cash equivalents $ 4 $ 4 $ — $ —
Equity securities
U.S. Large-Cap equities 42 39 11
International equities 25 21 ——
Fixed income securities
Derivative financial instruments 14 ———
U.S. Treasuries —1——
U.S. Municipal bonds 76——
U.S. Corporate bonds 152 138 43
International bonds 27 30 —1
Total assets $ 271 $ 239 $ 5 $ 5
Liabilities:
Fixed income securities
Derivative financial instruments $ 14 $ — $ — $ —
Total liabilities $ 14 $ — $ — $ —
Total net assets $ 257 $ 239 $ 5 $ 5
MULTI-EMPLOYER PLANS
The Company participates in a number of trustee-managed multi-employer defined benefit pension plans for union-represented
employees under certain collective bargaining agreements. The risks of participating in these multi-employer plans are different
from single-employer plans due to the following:
• Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other
participating employers.
• If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the
remaining participating employers.
• If the Company chooses to stop participating in some of its multi-employer plans, the Company may be required to pay
those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.