Ford 2011 Annual Report Download - page 139

Download and view the complete annual report

Please find page 139 of the 2011 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

Notes to the Financial Statements
Ford Motor Company | 2011 Annual Report 137
NOTE 17. RETIREMENT BENEFITS (Continued)
Non-U.S. Plans
Asset Category
Equity
U.S. companies
International companies
Derivative financial instruments (a)
Total equity
Fixed Income
U.S. government
U.S. government-sponsored enterprises (b)
Non-U.S. government
Corporate bonds (c)
Investment grade
High yield
Other credit
Mortgage/other asset-backed
Commingled funds
Derivative financial instruments (a)
Interest rate contracts
Credit contracts
Other contracts
Total fixed income
Alternatives
Hedge funds (d)
Private equity (e)
Real estate (f)
Total alternatives
Cash and cash equivalents (g)
Other (h)
Total assets at fair value
2011
Level 1
$2,596
2,906
—
5,502
33
—
2
—
—
—
—
—
—
—
—
35
—
—
—
—
—
(554)
$4,983
Level 2
$181
154
—
335
—
16
5,805
975
271
15
189
415
(15)
(1)
(1)
7,669
—
—
1
1
370
12
$8,387
Level 3
$—
1
—
1
—
—
122
11
—
—
6
—
(6)
—
—
133
1,053
123
160
1,336
—
4,358
$5,828
Total
$ 2,777
3,061
—
5,838
33
16
5,929
986
271
15
195
415
(21)
(1)
(1)
7,837
1,053
123
161
1,337
370
3,816
$ 19,198
_______
(a) Net derivative position.
(b) Debt securities primarily issued by GSEs.
(c) "Investment grade" bonds are those rated Baa3/BBB or higher by at least two rating agencies; "High yield" bonds are those rated below investment
grade; "Other credit" refers to non-rated bonds.
(d) Funds investing in diversified portfolio of underlying hedge funds (commingled fund of funds). At December 31, 2011, the composition of underlying
hedge fund investments (within the U.K. and Canada pension plans) was: event-driven (30%), equity long/short (27%), global macro (14%), multi-
strategy (14%) relative value (11%), and cash (4%).
(e) Investments in private investment funds (funds of funds) pursuing strategies broadly classified as venture capital and buyouts.
(f) Investment in private property funds broadly classified as core (13%), value-added and opportunistic (87%). Also includes investment in real
assets.
(g) Primarily short-term investment funds to provide liquidity to plan investment managers.
(h) Primarily Ford-Werke GmbH ("Ford-Werke") plan assets (insurance contract valued at $3,406 million) and cash related to net pending trade
purchases/sales and net pending foreign exchange purchases/sales.