CenterPoint Energy 2015 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2015 CenterPoint Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 216

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216

Fair Value Measurements as of December 31, 2014
Total
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(in millions)
Cash $ 6
$ 6
$ —
$ —
Commoncollectivetrustfunds(1) 1,108
—
1,108
—
Corporatebonds:
Investmentgradeorabove 368
—
368
—
Equitysecurities:
Internationalcompanies 49
49
—
—
U.S.companies 83
83
—
—
Cashreceivedascollateralfromsecuritieslending 86
86
—
—
U.S.treasuries 47
47
—
—
Mortgagebackedsecurities 4
—
4
—
Assetbackedsecurities 4
—
4
—
Municipalbonds 79
—
79
—
Mutualfunds(2) 161
161
—
—
Internationalgovernmentbonds 15
—
15
—
Realestate 1
—
—
1
Obligationtoreturncashreceivedascollateralfromsecurities
lending (86)
(86)
—
—
Total $ 1,925
$ 346
$ 1,578
$ 1
(1) 61%oftheamountinvestedincommoncollectivetrustfundswasinfixedincomesecurities,14%wasinU.S.equities,22%wasininternationalequities
and3%wasinemergingmarketequities.
(2) 57%oftheamountinvestedinmutualfundswasininternationalequities,30%wasinemergingmarketequitiesand13%wasinU.S.equities.
Thepensionplanutilizedbothexchangetradedandover-the-counterfinancialinstrumentssuchasfutures,interestrateoptionsandswapsthatweremarkedto
market daily with the gains/losses settled in the cash accounts. The pension plan did not include any holdings of CenterPoint Energy common stock as of
December31,2015or2014.
Thechangesinthefairvalueofthepensionplan’slevel3investmentsfortheyearsendedDecember31,2015and2014werenotmaterial.
Thefollowingtablespresentbylevel,withinthefairvaluehierarchy,CenterPointEnergy’spostretirementplanassetsatfairvalueasofDecember31,2015
and2014,byassetcategory:
Fair Value Measurements as of December 31, 2015
Total
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(in millions)
Mutualfunds(1) $ 136
$ 136
$ —
$ —
Total $ 136
$ 136
$ —
$ —
(1) 72%oftheamountinvestedinmutualfundswasinfixedincomesecurities,20%wasinU.S.equitiesand8%wasininternationalequities.
96