Medtronic 2014 Annual Report Download - page 125

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Medtronic, Inc.
Notes to Consolidated Financial Statements (Continued)
The following tables provide a reconciliation of the beginning and ending balances of non-U.S. pension benefit assets measured
at fair value that used significant unobservable inputs (Level 3):
(in millions)
Total Level 3
Investments
Insurance
Contracts
Partnership
Units
Balance as of April 26, 2013 $18$10$ 8
Total unrealized gains (losses) included in accumulated
other comprehensive loss 1 — 1
Purchases and sales, net 1 — 1
Foreign currency exchange 1 1 —
Balance as of April 25, 2014 $21$11$10
(in millions)
Total Level 3
Investments
Insurance
Contracts
Partnership
Units
Balance as of April 27, 2012 $ 16$ 9$ 7
Total unrealized gains (losses) included in accumulated
other comprehensive loss 1 — 1
Purchases and sales, net 1 1 —
Balance as of April 26, 2013 $18$10$ 8
Post-Retirement Benefits
Fair Value
as of
April 25, 2014
Fair Value Measurements
Using Inputs Considered as
(in millions) Level 1 Level 2 Level 3
Short-term investments $ 22 $ 22 $ — $ —
U.S. government securities 23 16 7 —
Corporate debt securities 9 — 9 —
Other common stock 18 18 — —
Equity mutual funds/commingled trusts 83 — 42 41
Fixed income mutual funds 24 — 24 —
Partnership units 97——97
Total $ 276 $ 56 $ 82 $ 138
Other items to reconcile to fair value of plan assets (9)
$ 267
117