Snapple 2012 Annual Report Download - page 106

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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
88
Fair Value Measurements at December 31, 2011
Quoted Prices in Significant Significant
Active Markets for Observable Unobservable
Identical Assets Inputs Inputs
Total (Level 1) (Level 2) (Level 3)
Assets:
Cash and cash equivalents $ 4 $ 4 $ — $ —
Equity securities(1)
U.S. Large-Cap equities(2) 39 — 39 —
International equities(2) 21 — 21 —
Fixed income securities
Derivative financial instruments — — — —
U.S. Treasuries 1 1 — —
U.S. Municipal bonds(4) 6 — 6 —
U.S. Corporate bonds(4) 138 — 138 —
International bonds(2) 30 — 30 —
Total assets $ 239 $ 5 $ 234 $ —
Liabilities:
Fixed income securities
Derivative financial instruments $ — $ — $ — $ —
Total liabilities $ — $ — $ — $ —
Total net assets $ 239 $ 5 $ 234 $ —
____________________________
(1) Equity securities are comprised of actively managed U.S. index funds and Europe, Australia, Far East ("EAFE") index funds.
(2) The NAV is based on the fair value of the underlying assets owned by the equity index fund or fixed income investment vehicle
per share multiplied by the number of units held as of the measurement date and are classified as Level 2 assets.
(3) Derivative financial instruments consist of U.S Treasury futures. The fair value of these futures is determined by using quoted
market prices of the same or similar instruments.
(4) U.S. Municipal and Corporate bonds are based on quoted bid prices for comparable securities in the marketplace.