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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
94
The following tables present the major categories of plan assets and the respective fair value hierarchy for the postretirement
medical plan assets as of December 31, 2014 and 2013 (in millions):
Fair Value Measurements at December 31, 2014
Quoted Prices
in Active
Markets for
Identical
Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Total Level 1 Level 2 Level 3
Equity securities(1)
U.S. Large-Cap equities(2) $ 1 $ — $ 1 $ —
Fixed income securities
Derivative financial instruments(4) 1 — 1 —
U.S. Treasuries 1 1 — —
U.S. Corporate bonds(3) 4 — 4 —
Total 7 1 6 —
Fixed income securities
Derivative financial instruments(4) 1 — 1 —
Total liabilities 1 — 1 —
Total net assets $ 6 $ 1 $ 5 $ —
Fair Value Measurements at December 31, 2013
Quoted Prices
in Active
Markets for
Identical
Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Total Level 1 Level 2 Level 3
Equity securities(1)
U.S. Large-Cap equities(2) $ 1 $ — $ 1 $ —
Fixed income securities
U.S. Corporate bonds(3) 4 — 4 —
Total $ 5 $ — $ 5 $ —
____________________________
(1) Equity securities are comprised of actively managed U.S. index funds and 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) U.S. Corporate bonds are based on quoted bid prices for comparable securities in the marketplace.
(4) 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.