BOEING CO | 2013 | FY | 3

The following table presents our plan assets using the fair value hierarchy as of December 31, 2013 and 2012. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs.
 
December 31, 2013
December 31, 2012
 
Total

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Fixed income securities:
 
 
 
 
 
 
 
 
Corporate

$15,262



$15,238


$24


$14,363



$14,360


$3

U.S. government and agencies
4,537


4,537


4,921


4,921


Mortgage backed and asset backed
1,040


491

549

752


191

561

Municipal
1,722



1,722



1,770

 
1,770


Sovereign
1,018



1,018



1,045

 
1,045

 
Common/collective/pooled funds
2,538


$16

2,522



2,346


$17

2,329

 
Other (1)
484



229

255

220

1

219


Derivatives:
 
 
 
 
 
 
 
 
Assets
55


55


36

1

35


Liabilities
(10
)

(10
)

(23
)

(23
)

Cash equivalents and other short-term investments
801



801


2,687

2,224

463


Currency overlay derivatives:
 
 
 
 
 
 
 
 
Assets
2


2


56


56


Liabilities
(3
)

(3
)

(55
)

(55
)

Equity securities:
 
 
 
 
 
 
 
 
U.S. common and preferred stock
6,919

6,919



6,144

6,144



Non-U.S. common and preferred stock
7,722

7,721



1

7,421

7,421




Common/collective/pooled funds
3,239

564

2,675


2,294

344

1,950


Derivatives:
 
 
 
 
 
 
 
 
Assets
4



4


19


19


Liabilities
(6
)


(6
)

(9
)


(9
)

Private equity (1)
2,968

10


2,958

2,942

26


2,916

Real estate and real assets:
 
 
 
 
 
 
 
 
Real estate
2,865

425

16

2,424

2,765

623

14

2,128

Real assets
1,506

336

464

706

1,327

286

377

664

Derivatives:
 
 
 
 
 
 
 
 
Assets
1


1



1



1



Liabilities
(1
)

(1
)


(2
)


(2
)


Global strategies
2,355


2,355



2,147



2,147



Hedge funds
2,776


1,667

1,109

2,736


1,263

1,473

Total

$57,794


$15,991


$33,777


$8,026


$55,903


$17,087


$31,071


$7,745

 
 
 
 
 
 
 
 
 
Cash

$87

 
 
 

$94

 
 
 
Receivables
458

 
 
 
388

 
 
 
Payables
(208
)
 
 
 
(207
)
 
 
 
Total

$58,131

 
 
 

$56,178

 
 
 
(1) 
Certain private funds with a fixed income strategy were reclassified from private equity to other fixed income on January 1, 2013

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