Avon 2014 Annual Report Download - page 111

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Plan Assets
Our U.S. and non-U.S. funded defined benefit pension plans target and weighted-average asset allocations at December 31, 2014 and
2013, by asset category were as follows:
U.S. Pension Plan Non-U.S. Pension Plans
% of Plan Assets % of Plan Assets
Target at Year-End Target at Year-End
Asset Category 2015 2014 2013 2015 2014 2013
Equity securities 30-35% 28% 58% 30-35% 60% 63%
Debt securities 65-70 69 42 65-70 38 35
Real Estate – – – – – –
Other – 3 – 0-5 2 2
Total 100% 100% 100% 100% 100% 100%
The following tables present the fair value hierarchy for pension assets measured at fair value on a recurring basis as of December 31, 2014:
U.S. Pension Plan
Asset Category Level 1 Level 2 Total
Equity Securities:
Domestic equity $ – $ 21.5 $ 21.5
International equity – 93.5 93.5
Emerging markets – 25.7 25.7
– 140.7 140.7
Fixed Income Securities:
Corporate bonds – 208.1 208.1
Government securities – 141.5 141.5
– 349.6 349.6
Cash 18.0 – 18.0
Derivatives – (1.8) (1.8)
Total $ 18.0 $488.5 $506.5
Non-U.S. Pension Plans
Asset Category Level 1 Level 2 Level 3 Total
Equity Securities:
Domestic equity $ – $115.5 $ – $115.5
International equity – 316.8 – 316.8
– 432.3 – 432.3
Fixed Income Securities:
Corporate bonds – 106.2 – 106.2
Government securities – 138.1 – 138.1
Other – 28.8 – 28.8
– 273.1 – 273.1
Other:
Cash 12.7 – – 12.7
Real estate – – 1.0 1.0
Other – – .9 .9
12.7 – 1.9 14.6
Total $ 12.7 $705.4 $ 1.9 $720.0
A V O N 2014 F-37