SunTrust 2010 Annual Report Download - page 160
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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
(Dollars in millions)
Assets Measured at Fair
Value as of
December 31, 2009
Fair Value Measurements as
of December 31, 2009 using 1
Quoted Prices In
Active Markets
for Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
Money market funds $55 $55 $- $-
Mutual funds:
Fixed income funds 97 97 - -
International diversified funds 357 357 - -
Large cap funds 263 263 - -
Small and mid cap funds 214 214 - -
Equity securities:
Consumer 101 101 - -
Energy and utilities 40 40 - -
Financials 44 44 - -
Healthcare 65 65 - -
Industrials 51 51 - -
Information technology 158 158 - -
Materials 20 20 - -
Exchange traded funds 98 98 - -
Fixed income securities:
Corporate - investment grade 554 - 472 82
Corporate - non-investment grade 26 - - 26
Foreign bonds 177 - 139 38
Other 1--1
$2,321 $1,563 $611 $147
1Schedule does not include accrued income amounting to less than 0.6% of total plan assets.
The following table sets forth a summary of changes in the fair value of level 3 plan assets for the year ended December 31,
2009:
(Dollars in millions)
Fixed Income
Securities - Corporate
Investment Grade
Fixed Income
Securities - Corporate
Non-investment
Fixed Income
Securities - Foreign
Bonds Other
Balance as of January 1, 2009 $- $- $- $-
Purchases/(sales) 69 21 21 -
Unrealized gain/(loss) 743-
Transfers into level 3 6 1 14 1
Balance as of December 31, 2009 $82 $26 $38 $1
The following tables set forth by level, within the fair value hierarchy, plan assets related to Other Postretirement Benefits at
fair value as of December 31, 2010 and 2009:
(Dollars in millions)
Fair Value
Measurements as of
December 31, 2010 1
Assets Measured
at Fair Value as
of December 31,
2010
Quoted Prices In
Active Markets
for Identical
Assets (Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Mutual funds:
Large cap fund $39 $39 $- $-
Investment grade tax-exempt bond 24 24 - -
International fund 77 - -
Common and collective funds
SunTrust Reserve Fund 2-2-
SunTrust Equity Fund 38 - 38 -
SunTrust Georgia Tax-Free Fund 26 - 26 -
SunTrust National Tax-Free Fund 17 - 17 -
SunTrust Aggregate Fixed Income Fund 7-7-
SunTrust Short-Term Bond Fund 5-5-
$165 $70 $95 $-
1Schedule does not include accrued income amounting to less than 0.1% of total plan assets.
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