National Oilwell Varco 2011 Annual Report Download - page 89
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Index to Financial Statements
The following table sets forth by level, within the fair value hierarchy, the Plans assets carried at fair value (in millions):
Fair Value Measurements
Total Level 1 Level 2 Level 3
December 31, 2010:
Equity securities $ 66 $ $ 66 $
Bonds 58 58
Mutual funds 19 19
Other (insurance contracts) 54 22 32
197 19 146 32
Cash 6 6
Total Fair Value Measurements $ 203 $ 19 $ 152 $ 32
December 31, 2011:
Equity securities $ 212 $ $ 212 $
Bonds 100 100
Other (insurance contracts) 107 30 77
Total Fair Value Measurements $ 419 $ $ 342 $ 77
The following table sets forth a summary of changes in the fair value of the Plans Level 3 assets (in millions):
Level 3
Plan
Assets
Balance at December 31, 2009 $ 32
Actual return on plan assets still held at reporting date 1
Currency translation adjustments (1)
Balance at December 31, 2010 $ 32
Actual return on plan assets still held at reporting date 4
Purchases, sales and settlements 45
Currency translation adjustments (4)
Balance at December 31, 2011 $ 77
87