Tyson Foods 2012 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 1, 2011 $ 6 $ 15 $ 21
Actual return on plan assets:
Assets still held at reporting date — 2 2
Assets sold during the period — — —
Purchases, sales and settlements, net (6) — (6)
Transfers in and/or out of Level 3 — — —
Balance at September 29, 2012 $ — $ 17 $ 17
We believe there are no significant concentrations of risk within our plan assets as of September 29, 2012.
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 2013 are
approximately $8 million. For fiscal 2012, 2011 and 2010, we funded $8 million, $7 million and $4 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
2013 $ 7 $ 2 $ 5
2014 7 3 5
2015 7 3 5
2016 6 3 5
2017 6 4 5
2018-2022 29 24 24
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in 2013
or thereafter.