Medtronic 2013 Annual Report Download - page 125
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75732me_10K.indd 110 6/25/13 6:40 PM
Table of Contents
Medtronic, Inc.
Notes to Consolidated Financial Statements (Continued)
Fair Value Fair Value Measurements
at Using Inputs Considered as
(in millions) April 27, 2012 Level 1 Level 2 Level 3
Short-term investments $ 133 $ 133 $ — $ —
U.S. government securities 169 151 18 —
Corporate debt securities 46 — 45 1
Other common stock 186 186 — —
Equity mutual funds/commingled trusts 316 — 123 193
Fixed income mutual funds 62 — 62 —
Partnership units 558 — — 558
$ 1,470 $ 470 $ 248 $ 752
The following tables provide a reconciliation of the beginning and ending balances of U.S. pension benefits assets measured at
fair value that used significant unobservable inputs (Level 3):
(in millions) Total Level 3
Investments Corporate Debt
Securities
Equity Mutual
Funds/
Commingled
Trusts Partnership Units
Balance as of April 27, 2012 $ 752 $ 1 $ 193 $ 558
Total realized gains (losses) included in earnings 8 — — 8
Total unrealized gains (losses) included in accumulated
other comprehensive loss 62 — 34 28
Purchases and sales, net 29 — — 29
Balance as of April 26, 2013 $ 851 $ 1 $ 227 $ 623
(in millions) Total Level 3
Investments Corporate Debt
Securities
Equity Mutual
Funds/
Commingled
Trusts Partnership Units
Balance as of April 29, 2011 $ 685 $ — $ 242 $ 443
Total realized gains (losses) included in earnings 17 — 17 —
Total unrealized (losses) gains included in accumulated
other comprehensive loss (17) — (13) (4)
Purchases and sales, net 67 1 (53) 119
Balance as of April 27, 2012 $ 752 $ 1 $ 193 $ 558
107