Sunoco 2011 Annual Report Download - page 94

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In 2010, the Company contributed $234 million to its funded defined benefit plans consisting of $144
million of cash and 3.59 million shares of Sunoco common stock valued at $90 million. The Sunoco common
stock contributed to the plans was liquidated by an independent investment manager and reinvested in
accordance with the targeted investment allocation of the plans. The liquidation of Sunoco common stock was
completed during 2011. The Company expects to make voluntary cash contributions of $80 million during 2012.
The following table sets forth the cumulative amounts not yet recognized in net income (loss) at
December 31, 2011 and 2010 (in millions of dollars):
Defined Benefit Plans Postretirement
Benefit Plans2011 2010
Funded
Plans
Unfunded
Plans
Funded
Plans
Unfunded
Plans 2011 2010
Cumulative amounts not yet recognized in net income (loss):
Prior service cost (benefit) ......................... $ — $(1) $ 1 $(1) $(33) $ (56)
Actuarial losses .................................. 389 34 356 33 63 100
Accumulated other comprehensive loss (before related tax
benefits) ..................................... $389 $33 $357 $32 $ 30 $ 44
The following table sets forth the plan assets in the funded defined benefit plans measured at fair value, by
input level, at December 31, 2011 and 2010 (in millions of dollars):
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Total
2011 2010 2011 2010 2011 2010 2011 2010
Equity securities:
Sunoco, Inc. common stock ................... $— $ 66 $ — $ — $— $— $ — $ 66
Domestic ................................. — 80 — — — — — 80
International ............................... — 5 — — — — — 5
Fixed income securities:
Government and federal-sponsored agency
obligations .............................. — 68 61 — — — 61 68
Corporate and other debt instruments ........... — — 268 252 — — 268 252
Mutual and collective trust funds:
Equity securities:
Domestic ............................... — 40 193 150 — — 193 190
International ............................. — 48 133 133 — — 133 181
Fixed income securities:
Government and federal-sponsored agency
obligations ............................ — — — — — — — —
Corporate and other debt instruments ......... — — 75 60 — — 75 60
Private equity investments ...................... — — — — 85 77 85 77
Cash and cash equivalents* ..................... 38 29 — — — — 38 29
$38 $336 $730 $595 $85 $77 $853 $1,008
*Substantially all of these funds are held in connection with fixed income investment strategies.
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