DTE Energy 2010 Annual Report Download - page 32

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30
Fair Value Measurements at December 31, 2010(a)
(in Millions)
Level 1
Level 2
Level 3
Balance at
December 31, 2010
Asset Category:
Short-term investments (b)
$ —
$ 11
$ —
$ 11
Equity securities
U.S. Large Cap(c)
213
12
—
225
U.S. Small/Mid Cap(d)
57
2
—
59
Non U.S(e)
89
70
—
159
Fixed income securities(f)
19
189
—
208
Other types of investments
Hedge Funds and Similar Investments(g)
59
23
95
177
Private Equity and Other(h)
—
—
55
55
Total
$ 437
$ 307
$ 150
$ 894
Fair Value Measurements at December 31, 2009(a)
(in Millions)
Level 1
Level 2
Level 3
Balance at
December 31, 2009
Asset Category:
Short-term investments (b)
$ —
$ 21
$ —
$ 21
Equity securities
U.S. Large Cap(c)
217
10
—
227
U.S. Small/Mid Cap(d)
51
1
—
52
Non U.S(e)
76
40
—
116
Fixed income securities(f)
15
198
—
213
Other types of investments
Hedge Funds and Similar Investments(g)
—
—
160
160
Private Equity and Other(h)
—
—
53
53
Total
$ 359
$ 270
$ 213
$ 842
(a) See Note 4 — Fair Value for a description of levels within the fair value hierarchy.
(b) This category predominantly represents certain short-term fixed income securities and money market investments that are
managed in separate accounts or commingled funds. Pricing for investments in this category are obtained from quoted prices in
actively traded markets or valuations from brokers or pricing services.
(c) This category comprises both actively and not actively managed portfolios that track the S&P 500 low cost equity index funds.
Investments in this category are exchange-traded securities whereby unadjusted quote prices can be obtained. Exchange-traded
securities held in a commingled fund are classified as Level 2 assets.
(d) This category represents portfolios of small and medium capitalization domestic equities. Investments in this category are
exchange-traded securities whereby unadjusted quote prices can be obtained. Exchange-traded securities held in a commingled
fund are classified as Level 2 assets.
(e) This category primarily consists of portfolios of non-U.S. developed and emerging market equities. Investments in this category
are exchange-traded securities whereby unadjusted quote prices can be obtained. Exchange-traded securities held in a commingled
fund are classified as Level 2 assets.
(f) This category includes corporate bonds from diversified industries, U.S. Treasuries, and mortgage backed securities. Pricing for