General Motors 2012 Annual Report Download - page 135

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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, 2012
Fair Value Measurements of Non-U.S.
Plan Assets at December 31, 2012
Total U.S.
and Non-
U.S. Plan
AssetsAssets Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Cash equivalents and other short-term
investments ............................. $ — $ 551 $ — $ 551 $ — $ 151 $ — $ 151 $ 702
Common and preferred stocks (a) ............. 9,663 26 19 9,708 2,227 — — 2,227 11,935
Government and agency debt securities (b) ...... — 17,835 — 17,835 — 3,722 — 3,722 21,557
Corporate debt securities (c) ................. — 19,116 77 19,193 — 2,596 2 2,598 21,791
Agency mortgage and asset-backed securities .... — 1,544 — 1,544 — 38 — 38 1,582
Non-agency mortgage and asset-backed
securities ............................... — 260 105 365 — 16 3 19 384
Investment funds
Equity funds ............................ 66 253 195 514 212 2,009 — 2,221 2,735
Fixed income funds ...................... 16 498 190 704 — 1,046 14 1,060 1,764
Funds of hedge funds ..................... — — 3,768 3,768 — — 627 627 4,395
Global macro funds ...................... — 111 11 122——— —122
Multi-strategy funds ...................... — 583 727 1,310 — 26 — 26 1,336
Other investment funds (d) ................. — 143 68 211 — 9 — 9 220
Private equity and debt investments (e) ......... — — 6,400 6,400 — — 381 381 6,781
Real estate investments (f) ................... 412 — 4,335 4,747 19 31 1,422 1,472 6,219
Other investments .......................... — — 63 63 — — 665 665 728
Derivatives
Interest rate contracts ..................... 15 1,553 — 1,568——— —1,568
Foreign currency exchange contracts ......... — 38 — 38 — 40 — 40 78
Equity contracts ......................... 6 86 1 93 2 — — 2 95
Total assets ............................... 10,178 42,597 15,959 68,734 2,460 9,684 3,114 15,258 83,992
Liabilities
Government and agency debt securities (g) ...... — (15) — (15) — — — — (15)
Derivatives
Interest rate contracts ..................... (21) (977) (8) (1,006) (4) — — (4) (1,010)
Foreign currency exchange contracts ......... — (37) — (37) — (36) — (36) (73)
Equity contracts ......................... (4) (86) (1) (91) (1) — — (1) (92)
Total liabilities ............................ (25) (1,115) (9) (1,149) (5) (36) — (41) (1,190)
Net plan assets subject to leveling ............. $10,153 $41,482 $15,950 67,585 $2,455 $9,648 $3,114 15,217 82,802
Other plan assets and liabilities (h) ............ 500 324 824
Net Plan Assets ............................. $68,085 $ 15,541 $ 83,626
General Motors Company 2012 ANNUAL REPORT132