Windstream 2015 Annual Report Download - page 207
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-77
8. Employee Benefit Plans and Postretirement Benefits, Continued:
The fair values of our pension plan assets were determined using the following inputs as of December 31, 2015:
Quoted Price in
Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
(Millions)
Fair
Value Level 1 Level 2 Level 3
Money market fund (a) $ 70.1 $ — $ 70.1 $ —
Guaranteed annuity contract (b) 1.1 — — 1.1
Common collective trust funds (c) 255.4 — 255.4 —
Government and agency securities (d) 281.5 — 281.5 —
Corporate bonds and asset backed securities (d) 30.9 — 30.9 —
Common and preferred stocks - domestic (d) 40.0 39.9 — 0.1
Common and preferred stocks - international (d) 23.1 23.1 — —
Derivative financial instruments (e) 19.0 — 19.0 —
Hedge fund of funds (f) 62.0 — — 62.0
Mutual fund (d) 61.0 61.0 — —
Real estate and private equity funds (g) 145.6 — — 145.6
Other (h) 0.8 0.8 — —
Total investments $ 990.5 $ 124.8 $ 656.9 $ 208.8
Dividends and interest receivable 5.2
Pending trades and other liabilities (29.1)
Total plan assets $ 966.6
The fair values of our pension plan assets were determined using the following inputs as of December 31, 2014:
Quoted Price in
Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
(Millions)
Fair
Value Level 1 Level 2 Level 3
Money market fund (a) $ 42.4 $ — $ 42.4 $ —
Guaranteed annuity contract (b) 1.4 — — 1.4
Common collective trust funds (c) 330.8 — 330.8 —
Government and agency securities (d) 285.6 — 285.6 —
Corporate bonds and asset backed securities (d) 34.4 — 34.4 —
Common and preferred stocks - domestic (d) 54.8 54.7 — 0.1
Common and preferred stocks - international (d) 25.3 25.3 — —
Derivative financial instruments (e) 16.9 — 16.9 —
Hedge fund of funds (f) 61.9 — — 61.9
Mutual fund (d) 66.7 66.7 — —
Real estate and private equity funds (g) 138.2 — — 138.2
Other (h) 0.6 0.6 — —
Total investments $ 1,059.0 $ 147.3 $ 710.1 $ 201.6
Dividends and interest receivable 3.7
Pending trades and other liabilities (20.7)
Total plan assets $ 1,042.0