Entergy 2009 Annual Report Download - page 129

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Entergy Corporation and Subsidiaries
Notes to Financial Statements
125
- quoted prices for similar assets or liabilities in active markets;
- quoted prices for identical assets or liabilities in inactive markets;
- inputs other than quoted prices that are observable for the asset or liability; or
- inputs that are derived principally from or corroborated by observable market data by correlation or
other means.
If an asset or liability has a specified (contractual) term, the Level 2 input must be observable for
substantially the full term of the asset or liability.
Level 3 - Level 3 refers to securities valued based on significant unobservable inputs.
Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the
fair value measurement. The following tables set forth by level within the fair value hierarchy a summary of the
investments held for the qualified pension and other postretirement plans measured at fair value on a recurring basis
at December 31, 2009.
Qualified Pension Trust
(In Thousands)
Level 1 Level 2 Level 3 Total
Equity securities:
Corporate stocks:
Preferred $- $5,318 $- $5,318
Common 1,336,454 - 1,336,454
Common collective trusts - 431,703 - 431,703
Fixed securities:
U.S. Government securities 60,048 100,025 - 160,073
Corporate debt
instruments:
Preferred - 164,448 - 164,448
All others - 202,377 - 202,377
Registered investment
companies - 264,643 - 264,643
Other - 6,084 - 6,084
Other:
Insurance company general
account (unallocated
contracts) - 32,422 - 32,422
Total investments $1,396,502 $1,207,020 $- $2,603,522
Cash 1,382
Interest receivable 6,422
Other pending transactions (1,716)
Less: Other postretirement
assets included in total
investments (2,336)
Total fair value of qualified
pension assets $1,396,502 $1,207,020 $- $2,607,274
127