PFIZER INC | 2013 | FY | 3


The following table provides the long-term target asset allocations ranges and the percentage of the fair value of plan assets for benefit plans:
  
 
As of December 31,
  
 
Target
Allocation Percentage

 
Percentage of Plan Assets
(PERCENTAGES)
 
2013

 
2013

 
2012

U.S. qualified pension plans
 
 
 
 
 
 
Cash and cash equivalents
 
0-10

 
2.8
%
 
2.9
%
Equity securities
 
35-55

 
51.5
%
 
45.9
%
Debt securities
 
30-55

 
30.7
%
 
35.5
%
Real estate and other investments
 
5-18

 
15.0
%
 
15.7
%
Total
 
100
%
 
100
%
 
100
%
International pension plans
 
 
 
 
 
 
Cash and cash equivalents
 
0-10

 
2.8
%
 
3.9
%
Equity securities
 
35-55

 
51.9
%
 
51.6
%
Debt securities
 
30-55

 
29.0
%
 
31.0
%
Real estate and other investments
 
5-18

 
16.3
%
 
13.5
%
Total
 
100
%
 
100
%
 
100.0
%
U.S. postretirement plans
 
 
 
 
 
 
Cash and cash equivalents
 
0-5

 
4.0
%
 
4.4
%
Equity securities
 
10-35

 
21.7
%
 
20.1
%
Debt securities
 
5-30

 
13.0
%
 
15.5
%
Real estate, insurance contracts and other investments
 
55-70

 
61.3
%
 
60.0
%
Total
 
100
%
 
100
%
 
100
%


The following table provides the components of plan assets (including those reported as part of Liabilities of discontinued operations):
  
 
  
 
Fair Value(a)
 
  
 
Fair Value(a)
(MILLIONS OF DOLLARS)
 
As of December 31, 2013

 
Level 1
 
Level 2
 
Level 3
 
As of December 31, 2012

 
Level 1
 
Level 2
 
Level 3
U.S. qualified pension plans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
360

 
$

 
$
360

 
$

 
$
368

 
$

 
$
368

 
$

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global equity securities
 
4,335

 
4,328

 
7

 

 
3,536

 
3,519

 
17

 

Equity commingled funds
 
2,294

 

 
2,294

 

 
2,215

 

 
2,215

 

Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income commingled funds
 
675

 

 
675

 

 
943

 

 
943

 

Government bonds
 
971

 

 
971

 

 
1,093

 

 
1,093

 

Corporate debt securities
 
2,306

 

 
2,306

 

 
2,414

 

 
2,411

 
3

Other investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Private equity funds
 
822

 

 

 
822

 
866

 

 

 
866

Insurance contracts
 
281

 

 
281

 

 
348

 

 
348

 

Other
 
825

 

 

 
825

 
757

 

 

 
757

Total
 
12,869

 
4,328

 
6,894

 
1,647

 
12,540

 
3,519

 
7,395

 
1,626

International pension plans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
229

 

 
229

 

 
299

 

 
299

 

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global equity securities
 
1,833

 
1,832

 
1

 

 
1,723

 
1,638

 
85

 

Equity commingled funds
 
2,446

 

 
2,446

 

 
2,194

 

 
2,194

 

Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income commingled funds
 
967

 

 
967

 

 
825

 

 
825

 

Government bonds
 
812

 

 
812

 

 
914

 

 
914

 

Corporate debt securities
 
615

 

 
615

 

 
613

 

 
613

 

Other investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Private equity funds
 
54

 

 
10

 
44

 
110

 

 
14

 
96

Insurance contracts
 
421

 

 
121

 
300

 
465

 

 
117

 
348

Other
 
873

 

 
353

 
520

 
446

 

 
57

 
389

Total
 
8,250

 
1,832

 
5,554

 
864

 
7,589

 
1,638

 
5,118

 
833

U.S. postretirement plans(b)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
29

 

 
29

 

 
28

 

 
28

 

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global equity securities
 
105

 
105

 

 

 
79

 
79

 

 

Equity commingled funds
 
56

 

 
56

 

 
50

 

 
50

 

Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income commingled funds
 
16

 

 
16

 

 
20

 

 
20

 

Government bonds
 
24

 

 
24

 

 
25

 

 
25

 

Corporate debt securities
 
56

 

 
56

 

 
55

 

 
55

 

Other investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Insurance contracts
 
415

 

 
415

 

 
350

 

 
350

 

Other
 
40

 

 
40

 

 
37

 

 
37

 

Total
 
$
741

 
$
105

 
$
636

 
$

 
$
644

 
$
79

 
$
565

 
$

(a) 
Fair values are determined based on valuation inputs categorized as Level 1, 2 or 3 (see Note 1E. Basis of Presentation and Significant Accounting Policies: Fair Value).
(b) 
Reflects postretirement plan assets, which support a portion of our U.S. retiree medical plans.

us-gaap:ScheduleOfAllocationOfPlanAssetsTableTextBlock