Pfizer 2009 Annual Report Download - page 82

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Notes to Consolidated Financial Statements
Pfizer Inc. and Subsidiary Companies
Information related to the U.S. qualified, U.S. supplemental (non-qualified) and international pension plans follows:
AS OF DECEMBER 31,
PENSION PLANS
U.S. QUALIFIED
U.S. SUPPLEMENTAL
(NON-QUALIFIED) INTERNATIONAL
(MILLIONS OF DOLLARS) 2009 2008 2009 2008 2009 2008
Pension plans with an accumulated benefit obligation in
excess of plan assets:
Fair value of plan assets $ 9,792 $5,897 $— $— $1,796 $1,574
Accumulated benefit obligation 11,218 7,011 1,246 762 3,725 2,961
Pension plans with a projected benefit obligation in
excess of plan assets:
Fair value of plan assets 9,977 5,897 ——5,332 1,943
Projected benefit obligation 12,578 7,783 1,368 876 8,016 3,560
All of our U.S. plans are underfunded as of December 31, 2009.
D. Plan Assets
Information about plan assets follows:
FAIR VALUE(a)
AS OF
DECEMBER 31,
(MILLIONS OF DOLLARS) 2009 LEVEL 1 LEVEL 2 LEVEL 3
U.S. qualified pension plans(a):
Cash and cash equivalents $ 605 $— $605 $—
Equity securities:
Global equity securities 3,034 3,009 16 9
Equity commingled funds 1,670 — 1,670 —
Debt securities:
Fixed income commingled funds 791 — 791 —
Government bonds 526 — 500 26
Corporate debt securities 2,054 — 2,039 15
Other investments:
Private equity funds 843 — — 843
Other 454 — — 454
Total 9,977 3,009 5,621 1,347
International pension plans(a):
Cash and cash equivalents 402 — 402 —
Equity securities:
Global equity securities 1,570 1,430 107 33
Equity commingled funds 1,682 — 1,662 20
Debt securities:
Fixed income commingled funds 1,081 — 1,081 —
Government bonds 977 — 977 —
Corporate debt securities 149 — 144 5
Other investments:
Private equity funds 39 —534
Insurance contracts 411 — 65 346
Other 213 — 86 127
Total 6,524 1,430 4,529 565
U.S. postretirement plans(a),(b):
Cash and cash equivalents 35 —35—
Equity securities:
Global equity securities 25 25 — —
Equity commingled funds 163 — 163 —
Debt securities:
Fixed income commingled funds 99 —99—
Government bonds 7—7—
Corporate debt securities 26 —26 —
Other investments 15 —15 —
Total $ 370 $ 25 $ 345 $ —
80 2009 Financial Report