Safeway 2010 Annual Report Download - page 77

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
The fair value of Safeway’s pension plan assets at January 1, 2011, excluding pending transactions of $24.4 million, by
asset category are as follows (in millions):
Fair Value Measurements
Asset category: Total
Quoted prices in
active markets
for identical
assets
(Level 1)
Significant
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Cash and cash equivalents $ 11.1 $ 10.4 $ 0.7 $ –
Short-term investment collective trust 35.0 – 35.0 –
Common and preferred stock:
Domestic common and preferred stock 485.4 484.8 0.6 –
International common stock 42.1 42.1 – –
Common collective trust funds 705.3 – 705.3 –
Corporate bonds 90.1 – 87.0 3.1
Mortgage- and other-asset backed securities 47.8 – 47.8 –
Mutual funds 32.8 32.8 – –
U.S. government securities 202.3 – 201.6 0.7
Other securities 24.7 – 24.7 –
Total $1,676.6 $570.1 $1,102.7 $3.8
See Note F for a discussion of levels, inputs and valuation techniques.
A reconciliation of the beginning and ending balances for Level 3 assets for the year ended January 1, 2011 follows (in
millions):
Fair Value Measured Using Significant
Unobservable Inputs (Level 3)
Total
Corporate
bonds
Mortgage-
and other-
asset
backed
securities
U.S.
government
securities
Other
securities
Balance as of January 2, 2010 $ 5.8 $2.9 $ 2.5 $0.2 $ 0.2
Purchases, sales, settlements, net (1.5) – (1.8) 0.5 (0.2)
Transfers in and/or out of Level 3 (0.6) – (0.6) – –
Realized losses (0.6) – (0.6) – –
Unrealized gains 0.7 0.2 0.5 – –
Balance as of January 1, 2011 $ 3.8 $3.1 $ – $0.7 $ –
61