Boeing 2012 Annual Report Download - page 102

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90
Fair Value Measurements The following table presents our plan assets using the fair value hierarchy as
of December 31, 2012 and 2011. The fair value hierarchy has three levels based on the reliability of the
inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in
active markets for identical assets. Level 2 refers to fair values estimated using significant other observable
inputs, and Level 3 includes fair values estimated using significant unobservable inputs.
December 31, 2012 December 31, 2011
Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3
Fixed income securities:
Corporate $14,363 $14,360 $3 $13,921 $13,910 $11
U.S. government and
agencies 4,921 4,921 4,500 4,500
Mortgage backed and
asset backed 752 191 561 714 703 11
Municipal 1,770 1,770 1,909 1,906 3
Sovereign 1,045 1,045 1,045 1,045
Common/collective/pooled
funds 2,346 $17 2,329 1,182 $214 968
Other 220 1 219 216 1 215
Derivatives:
Assets 36 1 35 25 25
Liabilities (23) (23) (41) (41)
Cash equivalents and other
short-term investments 2,687 2,224 463 3,187 2,634 553
Currency overlay derivatives:
Assets 56 56 89 89
Liabilities (55) (55) (94) (94)
Equity securities:
U.S. common and
preferred stock 6,144 6,144 4,837 4,837
Non-U.S. common and
preferred stock 7,421 7,421 6,258 6,257 1
Common/collective/pooled
funds 2,294 344 1,950 2,235 27 2,208
Derivatives:
Assets 19 19 44
Liabilities (9) (9) (5) (5)
Private equity 2,942 26 2,916 2,869 10 2,859
Real estate and real assets:
Real estate 2,765 623 14 2,128 2,334 509 6 1,819
Real assets 1,327 286 377 664 776 205 23 548
Derivatives:
Assets 11
Liabilities (2) (2)
Global strategies 2,147 2,147 2,202 2,127 75
Hedge funds 2,736 1,263 1,473 2,451 2,451
Total $55,903 $17,087 $31,071 $7,745 $50,614 $14,693 $28,144 $7,777
Cash $94 $206
Receivables 388 503
Payables (207) (272)
Total $56,178 $51,051
Fixed income securities are primarily valued upon a market approach, using matrix pricing and considering
a security’s relationship to other securities for which quoted prices in an active market may be available,