Exelon 2014 Annual Report Download - page 248

Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
The following table presents the reconciliation of Level 3 assets and liabilities measured at fair value for pension and other
postretirement benefit plans for the years ended December 31, 2014 and 2013:
Hedge
funds
Private
equity
Real
estate
Fixed
income Equities Total
Pension Assets
Balance as of January 1, 2014 ...................................... $1,039 $ 806 $582 $ 41 $ 2 $2,470
Actual return on plan assets:
Relating to assets still held at the reporting date .................... 77 112 83 7 — 279
Relating to assets sold during the period .......................... 3 — — — — 3
Purchases, sales and settlements:
Purchases ................................................... 311 173 136 227 — 847
Sales ....................................................... (38) — (19) (3) — (60)
Settlements (a) ................................................ (33) (203) (65) — — (301)
Transfers into (out of) Level 3 (b)(c) ................................... (30) 16 27 — — 13
Balance as of December 31, 2014 ................................... $1,329 $ 904 $744 $272 $ 2 $3,251
Other Postretirement Benefits
Balance as of January 1, 2014 ...................................... $ 4 $ 2 $109 $ — $— $ 115
Actual return on plan assets:
Relating to assets still held at the reporting date .................... 1 — 13 — — 14
Purchases, sales and settlements: ...................................
Purchases ................................................... 109 1 1 — — 111
Sales ....................................................... (4) (2) (7) — — (13)
Settlements (a) ................................................ — (1) — — — (1)
Balance as of December 31, 2014 ................................... $ 110 $ — $116 $ — $— $ 226
Hedge
funds
Private
equity
Real
estate
Fixed
income Equities Total
Pension Assets
Balance as of January 1, 2013 ...................................... $1,235 $ 754 $426 $— $— $2,415
Actual return on plan assets:
Relating to assets still held at the reporting date .................... 143 86 63 — — 292
Relating to assets sold during the period .......................... 3 — (4) — — (1)
Purchases, sales and settlements:
Purchases ................................................... 360 123 226 41 2 752
Sales ....................................................... (76) — (91) — — (167)
Settlements (a) ................................................ (3) (157) (38) — — (198)
Transfers into (out of) Level 3 (c) ..................................... (623) — — — — (623)
Balance as of December 31, 2013 ................................... $1,039 $ 806 $582 $ 41 $ 2 $2,470
Other Postretirement Benefits
Balance as of January 1, 2013 ...................................... $ 12 $ 1 $ 95 $— $— $ 108
Actual return on plan assets:
Relating to assets still held at the reporting date .................... 1 — 11 — — 12
Purchases, sales and settlements:
Purchases ............................................ —13—— 4
Sales ................................................ (1) — — — — (1)
Settlements (a) ......................................... (4) — — — — (4)
Transfers into (out of) Level 3 (c) ..................................... (4) — — — — (4)
Balance as of December 31, 2013 ................................... $ 4 $ 2 $109 $— $— $ 115
244