Exelon 2014 Annual Report Download - page 246

Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Fair Value Measurements
The following table presents Exelon’s pension and other postretirement benefit plan assets measured and recorded at fair value on
Exelon’s Consolidated Balance Sheets on a recurring basis and their level within the fair value hierarchy at December 31, 2014 and
2013:
At December 31, 2014 (a) Level 1 Level 2 Level 3 Total
Pension plan assets
Cash equivalents ............................................................ $ 1 $ — $ — $ 1
Equities: ...................................................................
Domestic ............................................................... 1,556 1,133 2 2,691
Foreign ................................................................ 1,705 316 — 2,021
Equities subtotal 3,261 1,449 2 4,712
Fixed income: ..............................................................
Debt securities issued by the U.S. Treasury and other U.S. government corporations
and agencies ......................................................... 1,051 88 — 1,139
Debt securities issued by states of the United States and by political subdivisions of
the states ............................................................ — 80 — 80
Corporate debt securities ................................................. — 3,125 120 3,245
Other .................................................................. — 942 152 1,094
Derivative instruments (b): .................................................
Assets ............................................................. — 4 — 4
Liabilities ........................................................... — (16) — (16)
Fixed income subtotal ........................................................ 1,051 4,223 272 5,546
Private equity ............................................................... — — 904 904
Hedge funds ................................................................ — 1,355 1,329 2,684
Real estate ................................................................. 243 — 744 987
Pension plan assets subtotal .................................................... 4,556 7,027 3,251 14,834
At December 31, 2014 (a) Level 1 Level 2 Level 3 Total
Other postretirement benefit plan assets
Cash equivalents ............................................................ 11 — — 11
Equities: ...................................................................
Domestic ............................................................... 296 378 — 674
Foreign ................................................................ 184 147 — 331
Equities subtotal ............................................................ 480 525 — 1,005
Fixed income: ..............................................................
Debt securities issued by the U.S. Treasury and other U.S. government corporations
and agencies ......................................................... 15 59 — 74
Debt securities issued by states of the United States and by political subdivisions of
the states ............................................................ — 197 — 197
Corporate debt securities ................................................. — 42 — 42
Other .................................................................. 253 272 — 525
Fixed income subtotal ........................................................ 268 570 — 838
Hedge funds ................................................................ — 339 110 449
Real estate ................................................................. 8 — 116 124
Other postretirement benefit plan assets subtotal .................................. 767 1,434 226 2,427
Total pension and other postretirement benefit plan assets (c) ....................... $5,323 $8,461 $3,477 $17,261
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