Boeing 2015 Annual Report Download - page 110

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94
The following tables present a reconciliation of Level 3 assets (excluding investments which are valued
using NAVs as a practical expedient) held during the years ended December 31, 2015 and 2014. Transfers
into and out of Level 3 are reported at the beginning-of-year values.
January 1
2015
Balance
Net Realized
and Unrealized
(Losses)
Net
Purchases,
Issuances and
Settlements
Net
Transfers
Into Level 3
December 31
2015
Balance
Fixed income securities:
Corporate (1) $1 $1 $1 $3
U.S. government
and agencies (1) 11
Mortgage backed
and asset
backed (1) 611 ($9) (157) 3 448
Other (3) 3
Equity securities:
U.S. common and
preferred stock 11
Non-U.S. common
and preferred
stock 1(2) 3 2
Private equity 33
Real assets 4
26
Total $621 ($12) ($153) $8 $464
January 1
2014
Balance
Net Realized
and Unrealized
Gains
Net
Purchases,
Issuances and
Settlements
Net
Transfers
Into/(Out of)
Level 3
December 31
2014
Balance
Fixed income securities:
Corporate (2) $19 ($7) ($10) $2
Mortgage backed
and asset
backed (2) 554 $14 10 33 611
Equity securities:
Non-U.S. common
and preferred stock 1(1) 1 1
Private equity 33
Real assets 44
Total $577 $14 $6 $24 $621
(1) Certain fixed income securities were reclassified from corporate and mortgage backed and asset
backed to U.S. government and agencies on January 1, 2015.
(2) Certain fixed income securities were reclassified from corporate to mortgage backed and asset backed
on January 1, 2014.
The changes in unrealized (losses)/gains for Level 3 mortgage backed and asset backed fixed income
securities still held at December 31, 2015 and 2014 were ($10) and $8.
OPB Plan Assets The majority of OPB plan assets are invested in a balanced index fund which is comprised
of approximately 60% equities and 40% debt securities. The index fund is valued using a market approach
based on the quoted market price of an identical instrument (Level 1). The expected rate of return on these
assets does not have a material effect on the net periodic benefit cost.