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APPENDIX C
STAPLES C-32
STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
January 31, 2015
Actual Target
U.S.
Plans International
Plans Total U.S.
Plans International
Plans Total
Asset allocation:
Equity securities 43% 26% 26% 40% 26% 26%
Debt securities 54% 60% 60% 60% 61% 61%
Real estate 3% 8% 8% —% 7% 7%
Cash —% 5% 5% —% —% —%
Other —% 1% 1% —% 6% 6%
Total 100% 100% 100% 100% 100% 100%
No pension plan assets are expected to be returned to the Company during 2016.
Information on Fair Value of Plan Assets
The fair values of the Company’s pension plan assets at January 30, 2016 and January 31, 2015 by asset category are as follows
(in millions):
January 30, 2016
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) $13 $13 $— $— $264 $209 $37 $18
Debt securities (2) 13 5 — 8 627 412 211 4
Real estate (3) 1 1 — — 74 72 2 —
Cash — — — — 25 13 12 —
Other — — — — 16 — — 16
Total $27 $19 $— $8 $1,006 $706 $262 $38
January 31, 2015
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) $13 $13 $— $— $286 $224 $40 $22
Debt securities (2) 17 8 — 9 665 438 222 5
Real estate (3) 1 1 — — 92 90 2 —
Cash — — — — 50 35 15 —
Other (4) — — — — 13 1 (5) 17
Total $31 $22 $— $9 $1,106 $788 $274 $44
(1) This category includes investments in equity securities of large, small and medium sized companies in the U.S. and in foreign
companies, including those in developing countries. The funds are valued using the net asset value method in which an
average of the market prices for the underlying investments is used to value the fund. For securities with unobservable inputs,
the value is based on audited statements for the underlying fund.