VERIZON COMMUNICATIONS INC | 2013 | FY | 3


The following is a reconciliation of the beginning and ending balance of pension plan assets that are measured at fair value using significant unobservable inputs:

 

           (dollars in millions)  
      Corporate
Bonds
    Real
Estate
    Private
Equity
    Hedge
Funds
    Total  

Balance at January 1, 2012

   $ 189     $ 2,158     $ 6,055     $ 662     $ 9,064  

Actual gain on plan assets

     12       84       146       43       285  

Purchases and sales

     (14     (224     (1,162     (147     (1,547

Transfers in

     9                         9  
  

 

 

 

Balance at December 31, 2012

   $ 196     $ 2,018     $ 5,039     $ 558     $ 7,811  

Actual gain on plan assets

     12       81       674       84       851  

Purchases and sales

     (13     (315     (1,732     (124     (2,184

Transfers in (out)

     (33           (39     678       606  
  

 

 

 

Balance at December 31, 2013

   $ 162     $   1,784     $ 3,942     $ 1,196     $ 7,084  
  

 

 

 

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