General Motors 2011 Annual Report Download - page 139

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Assets and Fair Value Measurements
The following tables summarize the fair value of defined benefit pension plan assets by asset class (dollars in millions):
Fair Value Measurements of U.S. Plan Assets
at December 31, 2011
Fair Value Measurements of Non-U.S.
Plan Assets at December 31, 2011
Level 1 Level 2 Level 3
Total U.S.
Plan Assets Level 1 Level 2 Level 3
Total
Non-U.S.
Plan Assets
Total U.S.
and Non-
U.S. Plan
Assets
Assets
Cash equivalents and other short-term
investments . . . . . . . . . . . . . . . . . . . $ — $ 100 $ — $ 100 $ — $ 533 $ — $ 533 $ 633
Common and preferred stocks (a) .... 11,134 78 46 11,258 2,109 2 — 2,111 13,369
Government and agency debt
securities (b) .................. — 21,531 3 21,534 — 3,613 1 3,614 25,148
Corporate debt securities (c) ........ — 22,725 352 23,077 — 1,820 4 1,824 24,901
Agency mortgage and asset-backed
securities ..................... — 1,847 — 1,847 — 94 — 94 1,941
Non-agency mortgage and asset-
backed securities ............... — 1,399 197 1,596 — 49 4 53 1,649
Group annuity contracts ........... — — 3,209 3,209 — — — — 3,209
Investment funds
Equity funds . . . . . . . . . . . . . . . . . . 23 852 521 1,396 — 1,837 146 1,983 3,379
Fixed income funds ............. — 1,092 1,210 2,302 — 1,142 20 1,162 3,464
Funds of hedge funds ........... — — 5,918 5,918 — — 585 585 6,503
Global macro funds . . . . . . . . . . . . . — 266 4 270 — — 236 236 506
Multi-strategy funds . . . . . . . . . . . . 24 949 2,123 3,096 — 24 — 24 3,120
Other investment funds (d) . . . . . . . — 335 143 478 — — 11 11 489
Private equity and debt
investments (e) ................ — — 8,444 8,444 — — 298 298 8,742
Real estate investments (f) ......... 1,279 — 5,092 6,371 13 27 1,345 1,385 7,756
Other investments ................ — — — — — — 428 428 428
Derivatives
Interest rate contracts . . . . . . . . . . . 138 4,180 9 4,327 4 — — 4 4,331
Foreign currency exchange
contracts . . . . . . . . . . . . . . . . . . . — 152 — 152 — 59 — 59 211
Equity contracts . . . . . . . . . . . . . . . 61 15 — 76 17 — — 17 93
Credit contracts . . . . . . . . . . . . . . . . — 79 — 79 — — — — 79
Total assets ..................... 12,659 55,600 27,271 95,530 2,143 9,200 3,078 14,421 109,951
Liabilities
Agency mortgage and asset-backed
securities (g) .................. — (67) — (67) — — — — (67)
Derivatives
Interest rate contracts ........... (28) (1,752) (2) (1,782) (4) — — (4) (1,786)
Foreign currency exchange
contracts ................... — (75) — (75) — (46) — (46) (121)
Equity contracts ............... (17) (14) — (31) (3) — — (3) (34)
Credit contracts ................ — (29) (6) (35) — — — — (35)
Total liabilities .................. (45) (1,937) (8) (1,990) (7) (46) — (53) (2,043)
Net plan assets subject to leveling . . . $12,614 $53,663 $27,263 93,540 $2,136 $9,154 $3,078 14,368 107,908
Other plan assets and liabilities (h) . . . 809 173 982
Net Plan Assets ................. $94,349 $14,541 $108,890
General Motors Company 2011 Annual Report 137