General Motors 2010 Annual Report Download - page 212

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(a) Includes U.S. and sovereign government and agency issues; excludes mortgage and asset-backed securities.
(b) Includes bank debt obligations.
(c) Primarily investments in alternative investment funds.
(d) Refer to the subsequent discussion of Investment Trusts for the leveling of the underlying assets of the Investment Trusts.
(e) Cash held by the plans, net of amounts payable for investment manager fees, custody fees and other expenses.
The following table summarizes the fair value of derivative assets and liabilities owned by the non-U.S. plans by underlying risk
(dollars in millions):
Successor
December 31, 2010 December 31, 2009
Derivative assets
Foreign currency contracts ........................................................ $56 $66
Equity contracts ................................................................. 19 —
Total derivative assets ............................................................ 75 66
Derivative liabilities
Foreign currency contracts ........................................................ (45) (43)
Equity contracts ................................................................. (7) —
Total derivative liabilities ......................................................... (52) (43)
Total net derivative assets ......................................................... $23 $23
The following tables summarize the activity for U.S. plan assets classified in Level 3, other than assets held in Investment Trusts
(dollars in millions):
Successor
Year Ended December 31, 2010
Balance at
January 1, 2010
Net Unrealized
Gains (Losses)
Net Realized
Gains (Losses)
Purchases,
Sales and
Settlements
Transfers into
(out of)
Level 3
Balance at
December 31,
2010
Fixed income funds ...................... $4,221 $— $— $— $(4,221) $—
Successor
July 10 Through December 31, 2009
Balance at
July 10, 2009
Net Unrealized
Gains (Losses)
Net Realized
Gains (Losses)
Purchases,
Sales and
Settlements
Transfers into
(out of)
Level 3
Balance at
December 31,
2009
Fixed income funds ...................... $5,488 $910 $158 $(2,335) $— $4,221
Predecessor
January 1 Through July 9, 2009
Balance at
January 1, 2009
Net Unrealized
Gains (Losses)
Net Realized
Gains (Losses)
Purchases,
Sales and
Settlements
Transfers into
(out of)
Level 3
Balance at
July 9, 2009
Fixed income funds ...................... $4,508 $998 $ 7 $ (25) $— $5,488
210 General Motors Company 2010 Annual Report