General Motors 2012 Annual Report Download - page 136

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
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
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 ........................... $ — $ 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
(a) Includes GM common stock of $1.4 billion and $1.2 billion within Level 1 of U.S. plan assets at December 31, 2012 and 2011.
(b) Includes U.S. and sovereign government and agency issues; excludes mortgage and asset-backed securities.
(c) Includes bank debt obligations.
(d) Primarily investments in alternative investment funds.
General Motors Company 2012 ANNUAL REPORT 133