EFTA01382814.pdf

S.I/A Table of Contents FIRST DATA CORPORATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) Fair %Pattie Measurement Using Significant Unobservable Inputs (Level 3) Insurance (in minions) annuity contracts Beginning balance as of January 1, 2013 3 Actual return on plan assets Settlements Ending balance as of December 31, 2013 4 Actual return on plan assets Settlements Ending balance as of December 31.2014 S 4 Registered investment companies The Company's domestic and United Kingdom plans have investments in shares of mutual funds, primarily large cap, international, and global equity funds, that arc registered with the Securities and Exchange Commission. Prices of these funds arc based on Net Asset Values (NAV) calculated by the funds and arc publicly reported on national exchanges. The plan measures fair value of these investments using the NAV provided by the fund managers. Fixed income securities The Company's domestic plan has investments in several fixed income securities, primarily corporate bonds. The bonds were veinal under a market approach using observable inputs including reported trades, benchmark yields, broker/dealer quotes. issuer spreads, and other standard inputs. Private investmentfunds—redeemable The Company's domestic and United Kingdom plans arc invested in shares or units of several private investment funds, not the underlying asserts. Redeemable private investment funds include collective trusts, cominglal funds, pooled funds, limited partnerships, and limited liability corporations. The funds calculate NAV on a periodic basis and am available only from the fund managers. Private investment funds arc redeemable at the NAV. Insurance annuity contracts The Company's United Kingdom Plan is invested in several insurance annuity contracts. The value of these contracts is calculated by estimating future payments and discounting them to present value. As a result, there is no market for the Plan to exit these investments. Contributions Contributions to the plans in 2015 are expected to be approximately $14 million. The estimated future benefit payments, which reflect expected future service, are expected to be as follows: Year ended December 31, (In millions) Amami 2015 $ 29 2016 30 2017 31 2018 33 2019 34 2020-2024 186 The Company's post-reth health care and other insurance benefits for retired employees are limited and immaterial. 1-48 httplAanv.see.gov/Archi vestedgar/data=3980/000119312515334479/d31022dsla.htmill0/14/2015 9:06:38 AM] CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0082312 CONFIDENTIAL SONY GM_00228498 EFTA01382814