American Airlines 2009 Annual Report Download - page 80

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77
10. Retirement Benefits (Continued)
(a) Holdings are diversified as follows: 20 percent United Kingdom, 14 percent Japan, 12 percent France, 10
percent Germany, 9 percent Switzerland, 6 percent Netherlands, 6 percent emerging markets and the
remaining 23 percent with no concentration greater than 5 percent in any one country.
(b) Holdings include 85 percent U.S. companies, 11 percent international companies and 4 percent emerging
market companies traded in the U.S. markets.
(c) Holdings include 85 percent U.S. companies, 13 percent international companies and 2 percent emerging
market companies traded in the U.S. markets.
(d) Holdings include 92 percent U.S. companies, 5 percent international companies and 3 percent emerging
market companies traded in the U.S. markets.
(e) There are no significant concentration of holdings by company or industry.
(f) Includes approximately 76 percent investments in corporate debt or a Standard and Poor’s (S&P) rating
lower than A and 24 percent investments in corporate debt of an S&P rating A or higher. Holdings
include 81 percent U.S. companies, 17 percent international companies and 2 percent emerging market
companies.
(g) Includes approximately 80 percent investments in domestic government securities, 19 percent in
emerging market government securities and 1 percent in other international government securities.
There are no significant foreign currency risks within this classification.
(h) Includes limited partnerships that invest primarily in U.S. (93 percent) and European (7 percent) buyout
opportunities.
(i) Includes investments in emerging markets, global small companies and Canadian segregated funds.
Not included in the above table are receivables and payables for foreign currency forward contracts which net to
less than $3 million and collateral held on loaned securities and the obligation to return collateral on loaned
securities which effectively net to zero.
Changes in fair value measurements of Level 3 investments during the year ended December 31, 2009, were as
follows:
Private Equity
Partnerships
Insurance Group
Annuity Contracts
Beginning balance at December 31, 2008
$ 613
$ 3
Actual return on plan assets:
Relating to assets still held at the reporting date
47
-
Relating to assets sold during the period
1
-
Purchases, sales, settlements (net)
83
-
Ending balance at December 31, 2009
$ 744
$ 3
The fair values of the Company’s other postretirement benefit plan assets at December 31, 2009 by asset
category were as follows:
Fair Value Measurements at December 31, 2009 (in millions)
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Asset Category
Money market fund
$ 4
$ –
$ –
$ 4
Unitized mutual funds
–
202
–
202
Total
$ 4
$ 202
$ –
$ 206
Investments in the unitized mutual funds are carried at the per share net asset value and include approximately
25 percent of investments in non-U.S. common stocks. Net asset value is based on the fair market value of the
funds’ underlying assets and liabilities at the date of determination. Investments in the money market fund are
valued at fair value which represents the net assets value of the shares of such fund as of the close of business at
the end of the period.