Western Union 2011 Annual Report Download - page 129
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THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following tables reflect investments of the Trust that were measured and carried at fair value (in millions).
For information on how the Company measures fair value, refer to Note 2.
December 31, 2011 Fair Value Measurement Using Total Assets
at Fair ValueAsset Class Level 1 Level 2 Level 3
Equity investments
Domestic .......................................... $ 28.1 $ — $ — $ 28.1
International ........................................ — 22.4 — 22.4
Debt securities
Corporate debt (a) ................................... — 134.1 — 134.1
U.S. treasury bonds .................................. 39.8 — — 39.8
U.S. government agencies ............................. — 4.7 — 4.7
Other ............................................. — 3.0 — 3.0
Alternative investments
Hedge funds (b) ..................................... — 52.8 — 52.8
Royalty rights and private equity (c) ..................... — — 13.6 13.6
Total investments of the Trust at fair value .................... $ 67.9 $ 217.0 $ 13.6 $ 298.5
Other assets ............................................ 3.2
Total investments of the Trust .............................. $ 67.9 $ 217.0 $ 13.6 $ 301.7
December 31, 2010 Fair Value Measurement Using Total Assets
at Fair ValueAsset Class Level 1 Level 2 Level 3
Equity investments
Domestic ............................................ $ 3.1 $ 40.9 $ — $ 44.0
International .......................................... — 45.2 — 45.2
Private equity ......................................... — — 1.3 1.3
Debt securities
Corporate debt (a) ..................................... — 117.3 — 117.3
U.S. treasury bonds .................................... 57.9 — — 57.9
U.S. government agencies ............................... — 6.8 — 6.8
Asset-backed ......................................... — 6.0 — 6.0
Other bonds .......................................... — 9.0 — 9.0
Total investments of the Trust at fair value ...................... $ 61.0 $ 225.2 $ 1.3 $ 287.5
Other assets .............................................. 2.6
Total investments of the Trust ................................ $ 61.0 $ 225.2 $ 1.3 $ 290.1
(a) Substantially all corporate debt securities are investment grade securities.
(b) Hedge funds generally hold liquid and readily priceable securities, such as public equities, exchange-traded
derivatives, and corporate bonds. Hedge funds themselves do not have readily available market quotations,
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