Medtronic 2016 Annual Report Download - page 118
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Table of Contents
Medtronic plc
Notes to Consolidated Financial Statements (Continued)
115
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 24, 2015 $ 673 $ 1 $ 200 $ 472
Total realized gains included in income 10 — — 10
Total unrealized losses included in accumulated other
comprehensive (loss) income (151)(1)(7)(143)
Purchases and sales, net 123 — — 123
Balance as of April 29, 2016 $ 655 $ — $ 193 $ 462
(in millions) Total Level 3
Investments Corporate Debt
Securities Commingled
Trusts Partnership Units
Balance as of April 25, 2014 $ 959 $ 1 $ 285 $ 673
Total realized gains included in income 162 — 65 97
Total unrealized gains included in accumulated other
comprehensive (loss) income (130) — (31)(99)
Purchases and sales, net (318) — (119)(199)
Balance as of April 24, 2015 $ 673 $ 1 $ 200 $ 472
Non-U.S. Pension Benefits
Fair Value
as of Fair Value Measurements
Using Inputs Considered as
(in millions) April 29, 2016 Level 1 Level 2 Level 3
Registered investment companies $ 1,037 $ — $ 1,037 $ —
Insurance contracts 76 — — 76
$ 1,113 $ — $ 1,037 $ 76
Fair Value
as of Fair Value Measurements
Using Inputs Considered as
(in millions) April 24, 2015 Level 1 Level 2 Level 3
Registered investment companies $ 1,113 $ — $ 1,113 $ —
Insurance contracts 60 — — 60
Partnership units 16 — — 16
$ 1,189 $ — $ 1,113 $ 76
The following tables provide a reconciliation of the beginning and ending balances of non-U.S. pension benefit assets measured
at fair value that used significant unobservable inputs (Level 3):
(in millions) Total Level 3
Investments Insurance
Contracts Partnership
Units
Balance as of April 24, 2015 $ 76 $ 60 $ 16
Total unrealized gains included in accumulated other comprehensive (loss)
income — — —
Purchases and sales, net (2) 14 (16)
Currency exchange rate changes 2 2 —
Balance as of April 29, 2016 $ 76 $ 76 $ —