Time Warner Cable 2010 Annual Report Download - page 114

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The following tables set forth the investment assets of the qualified pension plans, which exclude accrued investment
income and accrued liabilities, by level within the fair value hierarchy as of December 31, 2010 and 2009 (in millions):
Fair Value Level 1 Level 2 Level 3
Fair Value Measurements
December 31, 2010
Common stocks:
Domestic
(a)
.................................... $ 702 $ 702 $ — $ —
International
(a)
.................................. 209 209 — —
Commingled equity funds
(b)
......................... 355 — 355 —
Other equity securities
(c)
............................ 7 7 — —
Corporate debt securities
(d)
.......................... 146 — 146 —
Collective trust funds
(e)
............................. 107 — 107 —
Commingled bond funds
(b)
.......................... 133 — 133 —
U.S. Treasury debt securities
(a)
....................... 144 144 — —
Corporate asset-backed debt securities
(f)
................. 7 — 7 —
U.S. government asset-backed debt securities
(g)
........... 18 — 18 —
Other fixed-income securities
(h)
....................... 23 — 23 —
Other investments
(i)
................................ 28 — — 28
Total investments assets............................. 1,879 $ 1,062 $ 789 $ 28
Accrued investment income .......................... 5
Accrued liabilities ................................. (2)
Fair value of plan assets ............................ $ 1,882
Fair Value Level 1 Level 2 Level 3
Fair Value Measurements
December 31, 2009
Common stocks:
Domestic
(a)
.................................... $ 689 $ 689 $ — $ —
International
(a)
.................................. 232 232 — —
Commingled equity funds
(b)
......................... 100 — 100 —
Other equity securities
(c)
............................ 2 2 — —
Corporate debt securities
(d)
.......................... 158 — 158 —
Collective trust funds
(e)
............................. 143 — 143 —
Commingled bond funds
(b)
.......................... 89 — 89 —
U.S. Treasury debt securities
(a)
....................... 87 87 — —
Corporate asset-backed debt securities
(f)
................. 40 — 40 —
U.S. government asset-backed debt securities
(g)
........... 19 — 19 —
Other fixed-income securities
(h)
....................... 4 — 4 —
Other investments
(i)
................................ 29 — — 29
Total investments assets............................. 1,592 $ 1,010 $ 553 $ 29
Accrued investment income .......................... 5
Accrued liabilities ................................. (2)
Fair value of plan assets ............................ $ 1,595
(a)
Common stocks and U.S. Treasury debt securities are valued at the closing price reported on the active market on which the individual securities
are traded.
(b)
Commingled equity funds and commingled bond funds are valued using the net asset value provided by the administrator of the fund. The net
asset value is based on the value of the underlying assets owned by the fund, less liabilities, and then divided by the number of units outstanding.
102
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)