Tyson Foods 2011 Annual Report Download - page 67

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67
A reconciliation of the change in the fair value measurement of the defined benefit plans’ consolidated assets using significant
unobservable inputs (Level 3) is as follows (in millions):
Alternative funds
Insurance contract
Total
Balance at October 2, 2010
$7
$15
$22
Actual return on plan assets:
Assets still held at reporting date
(1)
0
(1)
Assets sold during the period
0
0
0
Purchases, sales and settlements, net
0
0
0
Transfers in and/or out of Level 3
0
0
0
Balance at October 1, 2011
$6
$15
$21
We believe there are no significant concentrations of risk within our plan assets as of October 1, 2011.
Contributions
Our policy is to fund at least the minimum contribution required to meet applicable federal employee benefit and local tax laws. In our
sole discretion, we may from time to time fund additional amounts. Expected contributions to pension plans for fiscal 2012 are
approximately $7 million. For fiscal 2011, 2010 and 2009, we funded $7 million, $4 million and $2 million, respectively, to defined
benefit plans.
Estimated Future Benefit Payments
The following benefit payments are expected to be paid:
in millions
Pension Benefits
Other Postretirement
Qualified
Non-Qualified
Benefits
2012
$8
$2
$7
2013
7
2
4
2014
7
2
4
2015
7
3
4
2016
6
3
4
2017-2021
29
18
17
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in 2011
or thereafter.