Pfizer 2011 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2011 Pfizer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 117

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117

Notes to Consolidated Financial Statements
Pfizer Inc. and Subsidiary Companies
D. Plan Assets
The components of plan assets follow:
FAIR VALUE(a) FAIR VALUE(a)
(MILLIONS OF DOLLARS)
AS OF
DECEMBER 31,
2011 LEVEL 1 LEVEL 2 LEVEL 3
AS OF
DECEMBER 31,
2010 LEVEL 1 LEVEL 2 LEVEL 3
U.S. qualified pension plans:
Cash and cash equivalents $ 2,111 $ — $2,111 $ — $ 1,196 $ — $1,196 $ —
Equity securities:
Global equity securities 2,522 2,509 12 1 2,766 2,765 — 1
Equity commingled funds 1,794 — 1,794 — 1,708 — 1,708 ––
Debt securities:
Fixed income commingled
funds 870 — 870 — 817 — 817 —
Government bonds 808 — 805 3 660 — 660 —
Corporate debt securities 1,971 — 1,966 5 2,085 — 2,083 2
Other investments:
Private equity funds 920 — — 920 899 — — 899
Insurance contracts 353 353 — — ———
Other 656 — — 656 465 — — 465
Total 12,005 2,509 7,911 1,585 10,596 2,765 6,464 1,367
International pension plans:
Cash and cash equivalents 311 — 311 — 518 — 518 —
Equity securities:
Global equity securities 1,513 1,432 81 — 1,458 1,166 292 —
Equity commingled funds 2,047 — 2,047 — 1,881 –– 1,881 —
Debt securities:
Fixed income commingled
funds 786 — 786 — 804 — 804 —
Government bonds 1,015 — 1,015 — 932 — 932 —
Corporate debt securities 542 — 542 — 376 — 376 —
Other investments:
Private equity funds 55 — 4 51 21 — 4 17
Insurance contracts 433 — 67 366 435 — 69 366
Other 416 — 67 349 274 — 59 215
Total 7,118 1,432 4,920 766 6,699 1,166 4,935 598
U.S. postretirement plans(b):
Cash and cash equivalents 19 — 19 — 12 — 12 —
Equity securities:
Global equity securities 24 24 –– — 29 29 — —
Equity commingled funds 17 — 17 — 18 — 18 —
Debt securities:
Fixed income commingled
funds 8—8— 9—9—
Government bonds 8—8— 7—7—
Corporate debt securities 19 — 19 — 21 — 21 —
Other investments
Insurance contracts 312 — 312 — 306 — 306 —
Others 15 — 15 — 12 — 12 —
Total $ 422 $ 24 $ 398 $ — $ 414 $ 29 $ 385 $ —
(a) Fair values are determined based on valuation inputs categorized as Level 1, 2 or 3 (see Note 1E. Significant Accounting Policies: Fair Value).
(b) Reflects postretirement plan assets, which support a portion of our U.S. retiree medical plans.
2011 Financial Report 89