Windstream 2012 Annual Report Download - page 162

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-64
8. Employee Benefit Plans and Postretirement Benefits, Continued:
At its meeting on February 9, 2011, the board of directors approved a measure to allow the plan to make investments in our
common stock. Previously, the plan prohibited investment in our common stock. This change allowed us to make 2011 pension
contributions of $135.8 million in our common stock. We made no contribution in 2012 and we expect to make a pension
contribution in 2013 of approximately $20.0 million, which we intend to make in Windstream stock.
The fair values of our pension plan assets were determined using the following inputs as of December 31, 2012:
Quoted Price in
Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
(a)
Significant
Unobservable
Inputs
(Millions)
Fair
Value Level 1 Level 2 Level 3
Domestic equities (b) $ 273.5 $ 272.8 $ 0.6 $ 0.1
International equities (b) 165.7 84.0 81.7 —
Agency backed bonds (b) 1.6 — 1.6 —
Asset backed securities (b) 0.7 — 0.7 —
Corporate bonds (b) 90.2 — 90.2 —
Government and municipal bonds (b) 6.9 — 6.9 —
Mortgage backed securities (b) 9.2 — 9.2 —
Pooled and investment funds (c) 184.2 — 184.2 —
Derivatives (f) (0.1)—
(0.1)—
Treasuries (b) 125.5 — 125.5 —
Real estate and private equity funds (d) 41.1 — — 41.1
Cash equivalents and other 101.3 2.3 99.0 —
Guaranteed annuity contract (e) 2.3 — — 2.3
Total investments $ 1,002.1 $ 359.1 $ 599.5 $ 43.5
Dividends and interest receivable 3.4
Pending trades (6.5)
Total plan assets $ 999.0