Regions Bank 2012 Annual Report Download - page 201

Fair Value Measurements Using
Significant Unobservable Inputs
Year Ended December 31, 2011
(Level 3 measurements only)
Real estate
funds
Private equity
funds Other assets
(In millions)
Beginning balance, January 1, 2011 ............................... $102 $ 9 $ 1
Actual return on plan assets:
Net appreciation (depreciation) in fair value of investments .... 19 — —
Purchases, sales, issuances, and settlements, net ................. 65 17 —
Ending balance, December 31, 2011 .............................. $186 $ 26 $ 1
The amount of total gains (losses) for the period attributable to the change
in unrealized gains (losses) relating to assets still held at December 31,
2011: ..................................................... $ 19 $— $—
Information about the expected cash flows for the pension plan and other postretirement benefits plans is as
follows:
Pension
Other
Postretirement
Benefits
(In millions)
Expected Employer Contributions:
2013 ......................................................... $ 11 $ 2
Expected Benefit Payments:
2013 ......................................................... $ 91 $ 3
2014 ......................................................... 99 3
2015 ......................................................... 95 2
2016 ......................................................... 99 2
2017 ......................................................... 118 2
2018-2022 ..................................................... 589 10
OTHER PLANS
Regions has a defined-contribution 401(k) plan that includes a Company match of eligible employee
contributions. Eligible employees include those who have been employed for one year and have worked a
minimum of 1,000 hours. During 2012, Regions began providing an automatic 2 percent cash 401(k) contribution
to eligible employees regardless of whether or not they were contributing to the 401(k) plan. To receive this
contribution, employees must not be actively accruing a benefit in the Regions’ pension plan and must be
employed at the end of year. Eligible employees who are already contributing to the 401(k) plan will continue to
receive up to a 4 percent Company match plus the new automatic 2 percent cash contribution. During 2011 and
2010, the match totaled 100 percent of the eligible employee pre-tax contribution (up to 6 percent of
compensation). The Company match is initially invested in Regions common stock. Regions’ match to the 401(k)
plan on behalf of employees totaled $29 million, $42 million and $40 million in 2012, 2011 and 2010,
respectively. Regions’ 2 percent cash contribution for 2012 was approximately $12 million. Regions’ 401(k) plan
held 36 million and 34 million shares of Regions common stock at December 31, 2012 and 2011, respectively.
The 401(k) plan received $1 million in dividends on Regions common stock for each of the years ended
December 31, 2012, 2011 and 2010.
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