DTE Energy 2011 Annual Report Download - page 30

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28
Fair Value Measurements at December 31, 2011(a)
(in Millions)
Asset Category:
Short-term investments (b)
Equity securities
U.S. Large Cap (c)
U.S. Small/Mid Cap (d)
Non U.S (e)
Fixed income securities (f)
Other types of investments
Hedge Funds and Similar Investments (g)
Private Equity and Other (h)
Total
Level 1
$ —
190
48
118
26
57
—
$ 439
Level 2
$ 10
12
1
34
194
17
—
268
Level 3
$ —
—
—
—
—
89
50
$ 139
Balance at
December 31, 2011
$ 10
202
49
152
220
163
50
$ 846
Fair Value Measurements at December 31, 2010(a)
(in Millions)
Asset Category:
Short-term investments (b)
Equity securities
U.S. Large Cap (c)
U.S. Small/Mid Cap (d)
Non U.S (e)
Fixed income securities (f)
Other types of investments
Hedge Funds and Similar Investments (g)
Private Equity and Other (h)
Total
Level 1
$ —
213
57
89
19
59
—
$ 437
Level 2
$ 11
12
2
70
189
23
—
$ 307
Level 3
$ —
—
—
—
—
95
55
$ 150
Balance at
December 31, 2010
$ 11
225
59
159
208
177
55
$ 894
(a) See Note 3 — 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 investments in this category is obtained from quoted prices in actively traded markets and quotations from broker or