Ford 2010 Annual Report Download - page 135

Download and view the complete annual report

Please find page 135 of the 2010 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

Notes to the Financial Statements
Ford Motor Company | 2010 Annual Report 133
NOTE 18. RETIREMENT BENEFITS (Continued)
The following table summarizes the changes in Level 3 pension benefits plan assets measured at fair value on a
recurring basis for the period ended December 31, 2010 (in millions):
U.S. Plans
U.S. PlansU.S. Plans
U.S. Plans
2010
20102010
2010
Return on plan assets:
Return on plan assets:Return on plan assets:
Return on plan assets:
Transfers
TransfersTransfers
Transfers
Fair
Fair Fair
Fair
Value
Value Value
Value
at
at at
at
January 1,
January 1, January 1,
January 1,
2010
20102010
2010
Attributable
Attributable Attributable
Attributable
to Assets
to Assets to Assets
to Assets
Held
Held Held
Held
at
at at
at
December 31,
December 31, December 31,
December 31,
2010
20102010
2010
Attributable
Attributable Attributable
Attributable
to
to to
to
Assets
Assets Assets
Assets
Sold
SoldSold
Sold
Net
Net Net
Net
Purchases/
Purchases/Purchases/
Purchases/
(Settlements)
(Settlements)(Settlements)
(Settlements)
Into
IntoInto
Into
Level 3
Level 3Level 3
Level 3
Out of
Out ofOut of
Out of
Level 3
Level 3 Level 3
Level 3
Fair
Fair Fair
Fair
Value
Value Value
Value
at
at at
at
Decemb
DecembDecemb
December 31,
er 31, er 31,
er 31,
2010
20102010
2010
Asset Category
Asset CategoryAsset Category
Asset Category
Equity
EquityEquity
Equity
U.S. companies
................................
$ 15 $ (2) $ — $ — $ — $ — $ 13
International companies
................................
92 2 4 (38) 1 (55)
6
Commingled funds
................................
3 — — — — — 3
Derivative financial
instruments
................................
— — — — — — —
Total equity
................................
110 — 4 (38) 1 (55)
22
Fixed Income
Fixed IncomeFixed Income
Fixed Income
U.S. government
................................
— — — — — — —
U.S. government-
sponsored enterprises
................................
7 — — 8 — (1)
14
Government – non-U.S.
................................
256 15 7 91 1 (90)
280
Corporate bonds
Investment grade
................................
85 — 5 (42) 13 (33)
28
High yield
................................
15 — (9)
— — (4)
2
Other credit
................................
21 2 1 30 — (4)
50
Mortgage/other asset-
backed ................................
................................
278 4 47 (23) 30 (211)
125
Derivative financial
instruments
................................
Interest rate
contracts
................................
(42) — 10 32 1 (3)
(2)
Credit contracts
................................
— — — — — — —
Other contracts
................................
— — — — — — —
Total fixed income
................................
620 21 61 96 45 (346)
497
Alternatives
AlternativesAlternatives
Alternatives
Hedge funds
................................
1,986 330 — 538 — — 2,854
Private equity
................................
1,005 104 — 382 — — 1,491
Real estate
................................
1 2 — 117 — — 120
Total alternatives
................................
2,992 436 — 1,037 — — 4,465
Other
OtherOther
Other ................................
................................................................
................................
................................
................................................................
................................
(3) — — — — — (3)
Total Level 3 fair value
................................
$ 3,719 $ 457 $ 65 $ 1,095 $ 46 $ (401)
$ 4,981