Target 2010 Annual Report Download - page 84

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Fair Value
Measurements Fair Value at January 29, 2011 Fair Value at January 30, 2010
(millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3
Cash and cash
equivalents $ 195 $— $ 195 $ — $ 206 $— $ 206 $ —
Common collective
trusts (a) 490 — 490 — 464 — 464 —
Equity securities (b) 36 36 — — 26 26 — —
Government securities (c) 259 — 259 — 223 — 223 —
Fixed income (d) 397 — 397 — 365 — 365 —
Balanced funds (e) 596 — 596 — 404 — 404 —
Private equity funds (f) 327 — — 327 336 — — 336
Other (g) 130 — 3 127 133 — 14 119
Total $2,430 $36 $1,940 $454 $2,157 $26 $1,676 $455
Contributions in transit (h) 85
Total plan assets $2,515
(a) Passively managed index funds with holdings in domestic and international equities.
(b) Investments in U.S. small-, mid- and large-cap companies.
(c) Investments in government securities and passively managed index funds with holdings in long-term government bonds.
(d) Investments in corporate bonds, mortgage-backed securities and passively managed index funds with holdings in long-term corporate
bonds.
(e) Investments in equities, nominal and inflation-linked fixed income securities, commodities and public real estate.
(f) Includes venture capital, mezzanine and high-yield debt, natural resources and timberland funds.
(g) Investments in multi-strategy hedge funds (including domestic and international equity securities, convertible bonds and other alternative
investments), real estate and derivative investments.
(h) Represents $20 million in contributions to equity securities and $65 million in contributions to balanced funds held by investment managers,
but not yet invested in the respective funds as of January 29, 2011.
Actual return on plan assets (a)
Level 3 Reconciliation
Relating to Relating to
Balance at assets still held assets sold Purchases, Transfers in
beginning of at the reporting during the sales and and/or out of Balance at
(millions) period date period settlements Level 3 end of period
2009
Private equity funds $317 $ 19 $ 1 $ (1) $ — $336
Other 131 (20) — 8 — 119
2010
Private equity funds $336 $ 28 $12 $(49) $ — $327
Other 119 7 2 (1) — 127
(a) Represents realized and unrealized gains (losses) from changes in values of those financial instruments only for the period in which the
instruments were classified as Level 3.
62