Motorola 2012 Annual Report Download - page 91

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83
December 31, 2011 Level 1 Level 2 Total
Assets:
Sigma Fund securities:
U.S. government, agency and government-sponsored enterprise
obligations $ — $ 2,944 $ 2,944
Foreign exchange derivative contracts —11
Available-for-sale securities:
U.S. government, agency and government-sponsored enterprise
obligations —1616
Corporate bonds —1010
Mortgage-backed securities —22
Common stock and equivalents 3811
Liabilities:
Foreign exchange derivative contracts $—$5$5
Interest agreement derivative contracts —33
The Company had no Level 3 holdings as of December 31, 2012 and December 31, 2011.
The following table summarizes the changes in fair value of the Company's Level 3 assets for 2011:
2011
Balance at January 1 $15
Transfers to Level 3 21
Payments received for securities sold (39)
Gain on Sigma Fund investments included in Other income (expense) 3
Balance at December 31 $—
There were no significant transfers between Level 1 and Level 2 during 2012 or 2011.
Pension and Postretirement Health Care Benefits Plan Assets
The fair values of the various pension and postretirement health care benefits plans’ assets by level in the fair value
hierarchy as of December 31, 2012 and 2011 were as follows:
U.S. Plans
December 31, 2012 Level 1 Level 2 Total
Common stock and equivalents $ 1,592 $ 3 $ 1,595
Commingled equity funds — 1,965 1,965
Preferred stock 9 — 9
U.S. government and agency obligations — 317 317
Other government bonds — 49 49
Corporate bonds — 327 327
Mortgage-backed bonds — 14 14
Commingled bond funds — 1,082 1,082
Commingled short-term investment funds — 58 58
Total investment securities $ 1,601 $ 3,815 $ 5,416
Accrued income receivable 10
Fair value plan assets $ 5,426
The table above includes securities on loan as part of a securities lending arrangement of $117 million of common stock
and equivalents, $260 million of U.S. government and agency obligations, and $17 million of corporate bonds. All securities on
loan are fully cash collateralized.