Johnson Controls 2010 Annual Report Download - page 84

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84
The Company’s pension plan assets at September 30, 2010, by asset category, are as follows (in millions):
Fair Value Measurements Using:
Significant
Quoted Prices
Other
Significant
in Active
Observable
Unobservable
Total as of
Markets
Inputs
Inputs
Asset Category
September 30, 2010
(Level 1)
(Level 2)
(Level 3)
U.S. Pension
Cash
$
52
$
52
$
-
$
-
Equity Securities
Large-Cap
779
779
-
-
Small-Cap
287
287
-
-
International - Developed
505
505
-
-
Fixed Income Securities
Government
147
147
-
-
Corporate/Other
469
469
-
-
Hedge Funds
91
-
-
91
Real Estate
141
-
-
141
Total
$
2,471
$
2,239
$
-
$
232
Non-U.S. Pension
Cash
$
28
$
28
$
-
$
-
Equity Securities
Large-Cap
97
97
-
-
International - Developed
452
452
-
-
International - Emerging
13
13
-
-
Fixed Income Securities
Government
132
132
-
-
Corporate/Other
412
412
-
-
Commodities
11
11
-
-
Real Estate
71
-
-
71
Total
$
1,216
$
1,145
$
-
$
71
Following is a description of the valuation methodologies used for assets measured at fair value.
Cash: The fair value of cash is valued at cost.
Equity Securities: The fair value of equity securities is determined by indirect quoted market prices. The value of
assets held in separate accounts is not published, but the investment managers report daily the underlying holdings.
The underlying holdings are direct quoted market prices on regulated financial exchanges.
Fixed Income Securities: The fair value of fixed income securities is determined by indirect quoted market prices.
The value of assets held in separate accounts is not published, but the investment managers report daily the
underlying holdings. The underlying holdings are direct quoted market prices on regulated financial exchanges.
Commodities: The fair value of the commodities is determined by quoted market prices of the underlying holdings
on regulated financial exchanges.