General Motors 2012 Annual Report Download - page 139

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following tables summarize the activity for non-U.S. plan assets classified in Level 3 (dollars in millions):
Balance at
January 1,
2012
Net Realized/
Unrealized
Gains (Loss)
Purchases,
Sales and
Settlements,
Net
Transfers
Into/Out of
Level 3
Foreign
Currency
Exchange
Rate
Movements
Balance at
December 31,
2012
Change in
Unrealized
Gains/(Losses)
Attributable to
Assets Held at
December 31,
2012
Assets
Government and agency debt securities ....... $ 1 $ — $ (1) $— $— $ — $ —
Corporate debt securities .................. 4 2 (4) — — 2 —
Non-agency mortgage and asset-backed
securities ............................. 4 — (4) 3 — 3 —
Investment funds
Equity funds .......................... 146 (24) (124) — 2 — —
Fixed income funds .................... 20 — (6) — — 14 —
Funds of hedge funds ................... 585 25 — — 17 627 26
Global macro funds .................... 236 17 (258) — 5 — —
Other investment funds .................. 11 — (11) — — — —
Private equity and debt investments .......... 298 46 29 — 8 381 24
Real estate investments .................... 1,345 123 (82) — 36 1,422 119
Other investments ........................ 428 16 203 — 18 665 10
Total assets ............................. $3,078 $205 $(258) $ 3 $ 86 $3,114 $179
Balance at
January 1,
2011
Net
Realized/
Unrealized
Gains (Loss)
Purchases,
Sales and
Settlements,
Net
Transfers
Into/Out of
Level 3
Foreign
Currency
Exchange
Rate
Movements
Balance at
December 31,
2011
Change in
Unrealized
Gains/(Losses)
Attributable to
Assets Held at
December 31,
2011
Assets
Government and agency debt securities ....... $ 4 $ — $ — $ (3) $— $ 1 $ —
Corporate debt securities .................. 41 — (28) (9) — 4 —
Non-agency mortgage and asset-backed
securities ............................. — — (2) 6 — 4 —
Investment funds
Equity funds .......................... 200 (32) 9 (29) (2) 146 (33)
Fixed income funds .................... — — (5) 25 — 20 —
Funds of hedge funds ................... 74 (4) 531 — (16) 585 (4)
Global macro funds .................... 255 (14) — — (5) 236 (14)
Other investment funds .................. 103 — (94) — 2 11 —
Private equity and debt investments . . . . . . . . . . 169 28 109 — (8) 298 28
Real estate investments .................... 1,263 203 (99) — (22) 1,345 203
Other investments ........................ 281 30 121 11 (15) 428 30
Total assets ............................. $2,390 $211 $ 542 $ 1 $(66) $3,078 $210
General Motors Company 2012 ANNUAL REPORT136