Xerox 2012 Annual Report Download - page 98

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Notes to Consolidated Financial Statements
(in millions, except per-share data and where otherwise noted)
96
December 31, 2011
U.S. Defined Benefit Plans Assets
Asset Class Level 1 Level 2 Level 3 Total % of Total
Cash and cash equivalents $ 198 $ – $ – $ 198 6%
Equity Securities:
U.S. large cap 366 7 – 373 11%
Xerox common stock 50 – – 50 2%
U.S. mid cap 69 – – 69 2%
U.S. small cap 56 89 – 145 4%
International developed 162 327 – 489 15%
Emerging markets 117 – – 117 3%
Total Equity Securities 820 423 – 1,243 37%
Debt Securities:
U.S. treasury securities 4 393 – 397 12%
Debt security issued by government agency – 180 – 180 5%
Corporate bonds 6 875 – 881 26%
Asset backed securities – 10 – 10 –
Total Debt Securities 10 1,458 – 1,468 43%
Derivatives:
Interest rate contracts 18 13 – 31 1%
Foreign exchange contracts 8 – – 8 –
Equity contracts 23 – – 23 1%
Total Derivatives 49 13 – 62 2%
Real estate 45 35 72 152 5%
Private equity/Venture capital – – 318 318 9%
Other (1) (62) 14 – (48) (2)%
Total Defined Benefit Plans Assets $ 1,060 $ 1,943 $ 390 $ 3,393 100%
(1) Other Level 1 assets include net non-financial liabilities of $62 such as due to/from broker, interest receivables and accrued expenses.