Honeywell 2015 Annual Report Download - page 78

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
The following tables summarize changes in the fair value of Level 3 assets:
74
Non
-
U.S. Plans
December 31, 2014
Total
Level 1
Level 2
Level 3
Common stock/preferred stock:
U.S. companies
$
534
$
464
$
70
$
—
Non
-U.S. companies
1,876
225
1,651
—
Fixed income investments:
Short-term investments
117
113
4
—
Government securities
1,495
—
1,495
—
Corporate bonds
857
—
857
—
Mortgage/Asset-backed securities
19
—
19
—
Insurance contracts
186
—
186
—
Investments in private funds:
Private funds
62
—
—
62
Hedge funds
2
—
—
2
Real estate funds
185
—
—
185
$
5,333
$
802
$
4,282
$
249
U.S. Plans
Private
Funds
Direct
Private
Investments
Hedge
Funds
Real Estate
Funds
Real Estate
Properties
Balance at December 31, 2013
$
1,058
$
278
$
6
$
$
627
Actual return on plan assets:
Relating to assets still held at year-end
(50
)
(10
)
(2
)
10
Relating to assets sold during the year
94
59
2
53
Purchases
168
92
3
38
Sales and settlements
(271
)
(118
)
(6
)
)
(128
)
Balance at December 31, 2014
999
301
3
600
Actual return on plan assets:
Relating to assets still held at year-end
(87
)
47
(2
)
)
16
Relating to assets sold during the year
85
21
—
14
Purchases
142
242
19
16
Sales and settlements
(250
)
(76
)
(1
)
)
(20
)
Balance at December 31, 2015
$
889
$
535
$
19
$
$
626