Staples 2012 Annual Report Download - page 148

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C-36
STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
The Company's pension plans' actual and target asset allocations at February 2, 2013 and January 28, 2012 are as follows:
February 2, 2013
Actual Target
U.S.
Plans International
Plans Total U.S.
Plans International
Plans Total
Asset allocation:
Equity securities 38% 27% 27% 40% 25% 26%
Debt securities 54% 57% 57% 60% 61% 60%
Real estate 8% 7% 7% —% 7% 7%
Cash —% 4% 4% —% —% —%
Other —%5%5%—%7%7%
Total 100% 100% 100% 100% 100% 100%
January 28, 2012
Actual Target
U.S.
Plans International
Plans Total U.S.
Plans International
Plans Total
Asset allocation:
Equity securities 36% 31% 31% 40% 39% 39%
Debt securities 57% 49% 49% 60% 47% 47%
Real estate 7% 8% 8% —% 8% 8%
Cash —% 5% 5% —% —% —%
Other —%7%7%—%6%6%
Total 100% 100% 100% 100% 100% 100%
No pension plan assets are expected to be returned to the Company during 2013.
Information on Fair Value of Plan Assets
The fair values of the Company's pension plan assets at February 2, 2013 and January 28, 2012 by asset category are as
follows (in thousands):
February 2, 2013
U.S. Pension Plans International Plans
Quoted
Prices in
Active
Markets for
Identical
Assets
Significant
Other
Observable
Inputs Unobservable
Inputs
Quoted
Prices in
Active
Markets for
Identical
Assets
Significant
Other
Observable
Inputs Unobservable
Inputs
Asset Category:
Fair
Market
Value Level 1 Level 2 Level 3 Fair Market
Value Level 1 Level 2 Level 3
Equity securities
(1) $ 12,283 $ 12,283 $ — $ — $ 313,213 $ 291,260 $ — $ 21,953
Debt securities (2) 17,460 7,742 — 9,718 660,775 534,212 119,576 6,987
Real estate (3) 2,438 2,438 — — 82,217 79,021 3,196 —
Cash 92 92 — — 52,112 27,970 24,142 —
Other (4) — — — — 57,241 12,523 22,617 22,101
Total $ 32,273 $ 22,555 $ — $ 9,718 $1,165,558 $ 944,986 $ 169,531 $ 51,041