DELPHI 2011 Annual Report Download - page 126

Table of Contents
Commodities—The fair value of commodity funds are determined by comparing exchange traded prices and Index rates for futures and/or swap
contracts as of the measurement date to the contract rate of the underlying futures and/or swap contracts.
Debt Securities—The fair value of debt securities is determined by direct quoted market prices on regulated financial exchanges.
Equity Securities—The fair value of equity securities is determined by direct quoted market prices on regulated financial exchanges.
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
Real Estate
Trust Fund
Alternative
Investments Hedge Funds
(in millions)
Beginning balance at December 31, 2009 $ 82 $ 56 $ —
Actual return on plan assets:
Relating to assets still held at the reporting date — — —
Relating to assets sold during the period (35) 2 —
Purchases, sales, and settlements (47) (58) —
Transfers in and/or out of Level 3 — — —
Ending balance at December 31, 2010 $ — $ — $ —
Actual return on plan assets:
Relating to assets still held at the reporting date 1 — (1)
Purchases, sales, and settlements 42 — 82
Ending balance at December 31, 2011 $ 43 $ — $ 81
14. COMMITMENTS AND CONTINGENCIES
European Union Antitrust Investigation
Delphi has received requests for information from antitrust authorities at the European Commission seeking information about alleged conduct by
Delphi in connection with an investigation of automotive parts suppliers concerning possible violations of antitrust laws related to the supply of wire
harnesses to vehicle manufacturers. Delphi is cooperating fully with the European authorities. Investigations of this nature often continue for several years and
may result in fines imposed by the European authorities. Any fine could result in a material adverse impact on the Company's operating results and cash
flows. However, at this time, Delphi is unable to estimate any reasonably possible range of loss that may ultimately result from this investigation. No accrual
for this matter has been recorded as of December 31, 2011.
Class Action Antitrust Litigation
A number of class action complaints have been filed in various U.S. federal district courts alleging that several wire harness manufacturers, including
Delphi, have violated U.S. antitrust laws. These complaints allege that consumers overpaid for their vehicles as a result of the alleged conduct of the wire
harness manufacturers. At this time, the Company believes that the allegations contained in the complaints are without merit with regard to the Company and
the Company intends to vigorously defend against the allegations set forth in the complaints. No accruals for these matters have been recorded as of
December 31, 2011.
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