Raytheon 2010 Annual Report Download - page 113

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
The fair value of the Company’s Plan assets by asset category and by level (as described in Note 1: Summary of Significant
Accounting Policies) at December 31, 2010 and December 31, 2009 were as follows:
Fair Value Measurements at December 31, 2010
(In millions) Total Level 1 Level 2 Level 3
U.S. equities
All capitalization(1) $ 4,520 $4,510 $ 10 $ —
U.S. equity hedge funds(2) 27 — 5 22
International equities
Developed markets(1) 1,837 1,687 150 —
Emerging markets(1) 1,121 889 232 —
International equity hedge funds(2) 30 — 30 —
Fixed-income securities
U.S. Government bonds or treasuries 388 388 — —
U.S. Agency securities 16 — 16 —
Corporate bonds
Investment grade bonds(3) 1,583 24 1,559 —
Non-investment grade bonds(3) 573 212 361 —
Emerging market debt 260 20 240 —
Core fixed income(4) 352 352 — —
Global multi-sector fixed income(5) 504 269 235 —
Fixed income hedge funds(2) 495 — 403 92
Cash and cash equivalents(6) 1,102 401 701 —
Other funds
Commodity 95 — 95 —
Currency 73 — 73 —
Multi-asset class(7) 393 187 206 —
Private equity funds(8) 252 — — 252
Private real estate funds 156 — — 156
Hedge funds(2) 734 — 713 21
Insurance contracts 23 — — 23
Payable for securities lending collateral(9) (95) — (95) —
Other(10) 63 2 — 61
Total $14,502 $8,941 $4,934 $627
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