First Data 2011 Annual Report Download - page 110
Download and view the complete annual report
Please find page 110 of the 2011 First Data annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
 |
 |
Fair value measurements. Financial instruments included in plan assets carried and measured at fair value on a recurring basis
are classified in the table below according to the hierarchy described in Note 7 of these Consolidated Financial Statements:
As of December 31, 2011
Fair Value Measurement Using
(in millions)
Quoted prices in
active markets
for identical assets
(Level 1)
Significant other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3) Total
Investments:
Cash and cash equivalents $ 3.2 $ — $ — $ 3.2
Registered investment companies:
Cash management fund 1.0 — — 1.0
Equity funds 49.1 — — 49.1
Fixed income funds 14.2 — — 14.2
Fixed income securities — 35.1 — 35.1
Private investment funds—redeemable
(a) — 613.1 — 613.1
Private investment funds—non-
redeemable — — 1.0 1.0
Insurance annuity contracts — — 4.4 4.4
Total investments at fair value $ 67.5 $ 648.2 $ 5.4 $ 721.1
(a) 46% of portfolio is invested in equity index funds and 54% in fixed income investments.
As of December 31, 2010
Fair Value Measurement Using
(in millions)
Quoted prices in
active markets
for identical assets
(Level 1)
Significant other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3) Total
Investments:
Cash and cash equivalents $ 4.3 $ — $ — $ 4.3
Registered investment companies:
Cash management fund 1.2 1.2
Equity funds 21.1 — — 21.1
Private investment funds—redeemable
(a) — 625.0 — 625.0
Private investment funds—non-
redeemable — — 0.3 0.3
Insurance annuity contracts — — 4.4 4.4
Total investments at fair value $ 26.6 $ 625.0 $ 4.7 $ 656.3
(a) 50% of portfolio is invested in equity index funds, 49% in fixed income investments, and 1% in other investments.
Fair Value Measurement Using Significant
Unobservable Inputs (Level 3)
(in millions)
Insurance
annuity contracts
Private investment funds
non-redeemable
Beginning balance as of January 1, 2010 $ 5.3 $ 0.4
Actual return on plan assets (0.9) —
Distributions — (0.1)
Ending balance as of December 31, 2010 4.4 0.3
Transfer in from level 2 (a) 1.4
Actual return on plan assets — —
Settlements — (0.7)
Ending balance as of December 31, 2011 $ 4.4 $ 1.0
(a) The plans value transfers into Level 3 utilizing values as of the beginning of the period.
108