Raytheon 2012 Annual Report Download - page 122

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
114
The fair value of our Plan assets by asset category and by level (as described in Note 1: Summary of Significant Accounting
Policies) at December 31, 2012 and December 31, 2011 were as follows:
Fair Value Measurements at December 31, 2012
(In millions) Total Level 1 Level 2 Level 3
U.S. equities
All capitalization(1) $ 4,626 $ 1,817 $ 2,809 $ —
International equities
Developed markets(1) 2,350 1,834 516 —
Emerging markets(1) 658 553 105 —
Fixed-income securities
U.S. Government and agency securities 69 69 — —
Corporate debt securities/instruments
Investment grade bonds(2) 1,989 — 1,989 —
Non-investment grade bonds(2) 336 — 336 —
Emerging market debt 181 181 — —
Core fixed-income(3) 1,519 1,281 238 —
Global multi-sector fixed-income(4) 202 — 202 —
Fixed-income hedge funds(5) 297 — 230 67
Securitized(6) 480 — 480 —
Cash and cash equivalents(7) 868 333 535 —
Other funds
Absolute return funds(8)
Relative value(9) 358 — 358 —
Event driven(10) 203 — 131 72
Equity hedge(11) 118 — 113 5
Macro(12) 1,065 — 962 103
Multi-strategy funds(13) 501 501 — —
Private equity funds(14) 406 — — 406
Private real estate funds 299 — — 299
Insurance contracts 25 — — 25
Payable for securities lending collateral(15) (15) — (15) —
Other(16) 198 6 — 192
Total $16,733 $ 6,575 $ 8,989 $ 1,169