BORGWARNER INC | 2013 | FY | 3


The following tables classify the Company's defined benefit plan assets measured at fair value on a recurring basis as of December 31, 2013 and 2012:
 
 
 
Basis of fair value measurements
 
 
(millions of dollars)
Balance at December 31, 2013
 
Quoted prices in active markets for identical items
(Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
 
Valuation technique
U.S. Plans:


 


 


 


 
 
Fixed income securities
$
147.2

 
$

 
$
147.2

 
$

 
A
Equity securities
100.9

 
50.5

 
50.4

 

 
A
Real estate and other
26.0

 

 
26.0

 

 
A
 
$
274.1

 
$
50.5

 
$
223.6

 
$

 
 
Non-U.S. Plans:


 


 


 


 
 
Fixed income securities
$
143.7

 
$

 
$
143.7

 
$

 
A
Equity securities
188.2

 
70.5

 
117.7

 

 
A
Real estate and other
13.1

 

 
13.1

 

 
A
 
$
345.0

 
$
70.5

 
$
274.5

 
$

 
 

 
 
 
Basis of fair value measurements
 
 
(millions of dollars)
Balance at December 31, 2012
 
Quoted prices in active markets for identical items
(Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
 
Valuation technique
U.S. Plans:
 

 
 

 
 

 
 

 
 
Fixed income securities
$
157.4

 
$

 
$
157.4

 
$

 
A
Equity securities
100.0

 
48.9

 
51.1

 

 
A
Real estate and other
25.3

 

 
25.3

 

 
A
 
$
282.7

 
$
48.9

 
$
233.8

 
$

 
 
Non-U.S. Plans:
 

 
 

 
 

 
 

 
 
Fixed income securities
$
67.3

 
$

 
$
67.3

 
$

 
A
Equity securities
99.0

 

 
99.0

 

 
A
Real estate and other
11.6

 

 
11.6

 

 
A
 
$
177.9

 
$

 
$
177.9

 
$

 
 

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