Medtronic 2014 Annual Report Download - page 124

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Medtronic, Inc.
Notes to Consolidated Financial Statements (Continued)
The following tables provide a reconciliation of the beginning and ending balances of U.S. pension benefit assets measured at
fair value that used significant unobservable inputs (Level 3):
(in millions)
Total Level 3
Investments
Corporate Debt
Securities
Commingled
Trusts Partnership Units
Balance as of April 26, 2013 $ 851 $ 1 $ 227 $ 623
Total realized gains (losses) included in earnings 23 — — 23
Total unrealized gains (losses) included in accumulated
other comprehensive loss 86 — 58 28
Purchases and sales, net (1) — — (1)
Balance as of April 25, 2014 $ 959 $ 1 $ 285 $ 673
(in millions)
Total Level 3
Investments
Corporate Debt
Securities
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
Non-U.S. Pension Benefits
Fair Value
as of
April 25, 2014
Fair Value Measurements
Using Inputs Considered as
(in millions) Level 1 Level 2 Level 3
Registered investment companies $ 868 $ — $ 868 $ —
Insurance contracts 11——11
Partnership units 10——10
$ 889 $ — $ 868 $ 21
Fair Value as of
April 26, 2013
Fair Value Measurements
Using Inputs Considered as
(in millions) Level 1 Level 2 Level 3
Registered investment companies $ 715 $ — $ 715 $ —
Insurance contracts 10——10
Partnership units 8 — — 8
$ 733 $ — $ 715 $ 18
116