Occidental Petroleum 2014 Annual Report Download - page 72

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(in millions)
Fair Value Measurements at December 31, 2013 Using
Description
Level 1
Level 2
Level 3
Total

U.S. government securities
$ 16
$ —
$ —
$ 16
Corporate bonds (a)
—
84
—
84
Common/collective trusts (b)
—
19
—
19
Mutual funds:
Bond funds
64
—
—
64
Blend funds
105
—
—
105
Value and growth funds
6
—
—
6
Common and preferred stocks (c)
201
—
—
201
Other
—
37
11
48
Total pension plan assets (d)
$ 392
$ 140
$ 11
$ 543
(a) This category represents investment grade bonds of U.S. and non-U.S. issuers from diverse industries.
(b) This category includes investment funds that primarily invest in U.S. and non-U.S. common stocks and fixed-income securities.
(c) This category represents direct investments in common and preferred stocks from diverse U.S. and non-U.S. industries.
(d) Amounts exclude net payables of approximately $13 million and $5 million as of December 31, 2014 and 2013, respectively.
                  


For the years ended December 31, (in millions)
Pension
Benefits
Postretirement
Benefits
2015
$ 38
$ 58
2016
$ 37
$ 59
2017
$ 33
$ 59
2018
$ 32
$ 59
2019
$ 32
$ 60
2020— 2024
$ 191
$ 304
NOTE 14 INVESTMENTS AND RELATED-PARTY TRANSACTIONS
EQUITY INVESTMENTS
                



                
               


70