ComEd 2013 Annual Report Download - page 219

Thefollowingtable presentsthereconciliation ofLevel 3 assetsandliabilitiesmeasuredat fairvalue for pension andother
postretirement benefit plansfor theyearsendedDecember 31,2013 and2012:
Hedge
funds
Private
equity
Real
estate
Debt
securities
Preferred
stock Total
Pension Assets
BalanceasofJanuary1,2013 ................................... $1,235 $ 754 $426$— $— $2,415
Actual return on plan assets:
Relatingto assetsstill heldat the reportingdate ................. 14386 63——292
Relatingto assetssoldduringthe period ....................... 3— (4) — — (1)
Purchases, salesandsettlements:
Purchases ................................................ 360 123 226412752
Sales .................................................... (76) — (91)— — (167)
Settlements(a)............................................. (3)(157) (38) — — (198)
Transfersinto (out of) Level 3 (b) .................................. (623)— — — — (623)
BalanceasofDecember 31,2013 ................................ $1,039$806 $582$41$2$2,470
Other Postretirement Benefits
BalanceasofJanuary1,2013 ................................... $ 12 $1$95 $— $— $ 108
Actual return on plan assets:
Relatingto assetsstill heldat the reportingdate ................. 1—11 —— 12
Relatingto assetssoldduringthe period ....................... — — — — — —
Purchases, salesandsettlements:
Purchases ................................................ — 13—— 4
Sales .................................................... (1)— — — — (1)
Settlements(a)............................................. (4) — — — — (4)
Transfersinto (out of) Level 3 (b) .................................. (4) — — — — (4)
BalanceasofDecember 31,2013 ................................ $ 4 $ 2$109$— $— $115
Hedge
funds
Private
equity
Real
estate
Debt
securities
Preferred
stock Total
Pension Assets
BalanceasofJanuary1,2012 ................................... $1,525$672$229$— $— $2,426
Actual return on plan assets:
Relatingto assetsstill heldat the reportingdate ................. 1385524— — 217
Purchases, salesandsettlements:
Purchases ................................................ 447 108134 — — 689
Sales .................................................... (6) — — — — (6)
Settlements(a)............................................. (4) (128) (28) — — (160)
Transfersinto (out of) Level 3 (c)(d)(e)............................... (865) 47 67 — — (751)
BalanceasofDecember 31,2012 ................................ $1,235 $ 754 $426$— $— $2,415
Other Postretirement Benefits
BalanceasofJanuary1,2012 ................................... $ 157 $ 1$ 7 $— $— $ 165
Actual return on plan assets:
Relatingto assetsstill heldat the reportingdate ................. 11 —3—— 14
Purchases, salesandsettlements:
Purchases ................................................ 32 —91——123
Sales .................................................... — — — — — —
Settlements(a)............................................. — — (1)— — (1)
Transfersinto (out of) Level 3 (c)(d)(e)............................... (188) — (5) — — (193)
BalanceasofDecember 31,2012 ................................ $ 12 $1$95 $— $— $ 108
(a)Representscash settlementsonly.
(b) AsofDecember 31,2012,hedgefundinvestmentsthat containedredemption restrictionslimitingExelon’s abilityto redeemtheinvestmentswithin a reasonable
periodoftimewere classifiedasLevel 3 investments. AsofDecember 31,2013,restrictionsfor certaininvestmentsno longer applied, therefore allowingredemption
within a reasonable periodoftimefromthemeasurement date at NAV. Assuch, thesehedgefundinvestmentsare reflectedastransfersout ofLevel 3 to Level 2 of
$627million in 2013.
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