Raytheon 2013 Annual Report Download - page 118

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
108
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, 2013 and December 31, 2012 were as follows:
Fair Value Measurements at December 31, 2013
(In millions) Total Level 1 Level 2 Level 3
U.S. equities
All capitalization(1) $ 6,647 $ 2,805 $ 3,842 $ —
International equities
Developed markets(1) 3,136 2,225 911 —
Emerging markets(1) 488 393 95 —
Fixed-income securities
U.S. Government and agency securities 93 93 — —
Corporate debt securities/instruments
Investment grade bonds(2) 1,477 — 1,477 —
Non-investment grade bonds(2) 427 — 427 —
Emerging market debt 51 51 — —
Core fixed-income(3) 1,326 1,228 98 —
Global multi-sector fixed-income(4) 97 97 — —
Fixed-income hedge funds(5) 171 — 164 7
Securitized(6) 754 — 754 —
Convertible(7) 207 207 — —
Cash and cash equivalents(8) 1,239 561 678 —
Other funds
Absolute return funds(9)
Relative value(10) 464 — 318 146
Event driven(11) 323 — 168 155
Equity hedge(12) 329 — 323 6
Macro(13) 201 — 191 10
Multi-strategy(14) 125 — — 125
Private equity funds(15) 598 — — 598
Private real estate funds 537 — 208 329
Insurance contracts 26 — — 26
Other(17) 106 — — 106
Total $18,822 $ 7,660 $ 9,654 $ 1,508