Union Pacific 2012 Annual Report Download - page 67

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67
As of December 31, 2011, the pension plan assets measured at fair value on a recurring basis were as
follows:
Quoted Prices Significan
t
in Active Othe
r
Significan
t
Markets fo
r
Observable Unobservable
Identical Inputs Inputs Inputs
Millions (Level 1) (Level 2) (Level 3) Tota
l
Plan assets:
Temporary cash investments $ 22 $ - $ - $ 22
Registered investment companies 8 280 - 288
U.S. government securities - 155 - 155
Corporate bonds & debentures - 343 - 343
Corporate stock 547 8 - 555
Venture capital and buyout partnerships - - 184 184
Real estate partnerships and funds - - 126 126
Common trust and other funds - 815 - 815
Other investments - 29 - 29
Total plan assets at fair value $ 577 $ 1,630 $ 310 2,517
Other assets [a] (12)
Total plan assets $ 2,505
[a] Other assets include accrued receivables and pending broker settlements.
For the years ended December 31, 2012 and 2011, there were no significant transfers in or out of Levels
1, 2, or 3.
The following table presents a reconciliation of the beginning and ending balances of the fair value
measurements using significant unobservable inputs (Level 3 investments) during 2012:
Venture Capita
l
Real Estate
and Buyou
t
Partnership
s
Millions Partnership
s
and Funds Tota
l
Beginning balance - January 1, 2012 $ 184 $ 126 $ 310
Realized gain 11 3 14
Unrealized gain 1 - 1
Purchases 18 23 41
Sales (35) (9) (44)
Ending balance - December 31, 2012 $ 179 $ 143 $ 322
The following table presents a reconciliation of the beginning and ending balances of the fair value
measurements using significant unobservable inputs (Level 3 investments) during 2011:
Venture Capita
l
Real Estate
and Buyou
t
Partnership
s
Millions Partnership
s
and Funds Tota
l
Beginning balance - January 1, 2011 $ 169 $ 99 $ 268
Realized gain/(loss) 8 (1) 7
Unrealized gain 13 16 29
Purchases 22 27 49
Sales (28) (15) (43)
Ending balance - December 31, 2011 $ 184 $ 126 $ 310