Regions Bank 2010 Annual Report Download - page 181

For all investments, quoted market prices of identical assets on active exchanges, or Level 1 measurements,
are used if available. Where such quoted market prices are not available, quoted market prices of similar
instruments (including matrix pricing) and/or discounted cash flows to estimate a value of these securities, or
Level 2 measurements are utilized. Level 2 discounted cash flow analyses are typically based on market interest
rates, prepayment speeds and/or option adjusted spreads. Level 3 measurements are based on assumptions that
are not readily observable in the market place.
The following table illustrates a rollforward for pension plan financial assets measured at fair value on a
recurring basis using significant unobservable inputs (Level 3) for the years ended December 31 (the other
postretirement plan had no Level 3 financial assets):
Year Ended December 31, 2010
Hedge funds
Real estate
funds
Miscellaneous
assets
(In millions)
Beginning balance, January 1, 2010 .............................. $ 52 $ 56 $ 2
Actual return on plan assets:
Attributable to assets sold during the reporting period ........ — — —
Attributable to assets held at December 31, 2010 ............ 4 (4) —
Purchases, sales, issuances, and settlements, net ................. (2) 50 8
Ending balance, December 31, 2010 .............................. $ 54 $102 $ 10
Year Ended December 31, 2009
Hedge funds
Real estate
funds
Miscellaneous
assets
(In millions)
Beginning balance, January 1, 2009 .............................. $78 $ 82 $ 1
Actual return on plan assets:
Attributable to assets sold during the reporting period ........ 2 — —
Attributable to assets held at December 31, 2009 ............ 8 (28) —
Purchases, sales, issuances, and settlements, net ................. (36) 2 1
Ending balance, December 31, 2009 .............................. $52 $ 56 $ 2
Information about the expected cash flows for the pension plan and other postretirement benefits plans is as
follows:
Year Ended December 31
Pension
Other Postretirement
Benefits
(In millions)
Expected Employer Contributions:
2011 ............................................. $ 9 $ 3
Expected Benefit Payments:
2011 ............................................. $ 82 $ 4
2012 ............................................. 84 4
2013 ............................................. 89 3
2014 ............................................. 96 3
2015 ............................................. 93 2
2016-2020 ........................................ 558 10
OTHER PLANS
Regions has a defined-contribution 401(k) plan that historically included a company match of eligible
employee contributions. Through March 31, 2009, this match totaled 100 percent of the eligible employee
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