Albertsons 2012 Annual Report Download - page 76

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The fair value of assets of the Company’s benefit plans held in a master trust as of February 26, 2011, by asset
category, consisted of the following:
Level 1 Level 2 Level 3 Total
Common stock $ 718 $ 33 $ — $ 751
Common collective trusts—fixed income — 276 — 276
Common collective trusts—equity — 199 — 199
Government securities 68 93 — 161
Mutual funds — 149 — 149
Corporate bonds 15 128 — 143
Real estate partnerships — — 95 95
Private equity — — 66 66
Mortgage-backed securities — 50 — 50
Other 1 5 — 6
Total plan assets at fair value $ 802 $ 933 $ 161 $ 1,896
The following is a summary of changes in the fair value for level 3 investments for 2012 and 2011:
Real Estate
Partnerships Private Equity
Beginning balance, February 28, 2010 $ — $ 35
Purchases 87 28
Sales — (3)
Unrealized gains 8 6
Realized gains and losses — —
Ending balance, February 26, 2011 95 66
Purchases 20 30
Sales (2) (7)
Unrealized gains 12 8
Realized gains and losses — —
Ending balance, February 25, 2012 $ 125 $ 97
Contributions
The Company expects to contribute $168 to its defined benefit pension plans and $7 to its postretirement benefit
plans in fiscal 2013. The Company’s funding policy for the defined benefit pension plans is to contribute the
minimum contribution required under the Employee Retirement Income Security Act of 1974, as amended, and
other applicable laws, with consideration given to contributing larger amounts. The Company will recognize
contributions in accordance with applicable regulations, with consideration given to recognition for the earliest
plan year permitted.
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