Xerox 2012 Annual Report Download - page 96

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Notes to Consolidated Financial Statements
(in millions, except per-share data and where otherwise noted)
94
Plan Assets
Current Allocation
As of the 2012 and 2011 measurement dates, the global pension plan assets were $9.0 billion and $8.3 billion, respectively. These assets were
invested among several asset classes. Our common stock represents approximately $99 or 1.0% of total plan assets at December 31, 2012.
The following tables presents the defined benefit plans assets measured at fair value and the basis for that measurement:
December 31, 2012
U.S. Defined Benefit Plans Assets
Asset Class Level 1 Level 2 Level 3 Total % of Total
Cash and cash equivalents $ 48 $ – $ – $ 48 1%
Equity Securities:
U.S. large cap 411 10 – 421 12%
Xerox common stock 99 – – 99 3%
U.S. mid cap 79 – – 79 2%
U.S. small cap 67 28 – 95 3%
International developed 133 205 – 338 9%
Emerging markets 282 67 – 349 10%
Global equity 2 6 – 8 –%
Total Equity Securities 1,073 316 – 1,389 39%
Debt Securities:
U.S. treasury securities – 367 – 367 10%
Debt security issued by government agency – 153 – 153 4%
Corporate Bonds – 1,080 – 1,080 31%
Asset backed securities – 11 – 11 –%
Total Debt Securities – 1,611 – 1,611 45%
Derivatives:
Interest rate contracts – 15 – 15 –%
Foreign exchange contracts (2) – – (2) –%
Equity contracts 5 – – 5 –%
Credit contracts – (1) – (1) –%
Total Derivatives 3 14 – 17 –%
Real estate 59 46 58 163 5%
Private equity/Venture capital – – 300 300 8%
Other (1) 12 33 – 45 2%
Total Defined Benefit Plans Assets $ 1,195 $ 2,020 $ 358 $ 3,573 100%
(1) Other Level 1 assets include net non-financial assets of $13 such as due to/from broker, interest receivables and accrued expenses.