SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

NRG's market-related value of its plan assets is the fair value of the assets. The fair values of the Company's pension plan assets by asset category and their level within the fair value hierarchy are as follows:
 
Fair Value Measurements as of December 31, 2015
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant
Observable Inputs
(Level 2)
 
Total
 
(In millions)
Common/collective trust investment — U.S. equity
$

 
$
255

 
$
255

Common/collective trust investment — non-U.S. equity

 
147

 
147

Common/collective trust investment — global equity

 
90

 
90

Common/collective trust investment — fixed income

 
400

 
400

Partnerships/joint ventures

 
18

 
18

Short-term investment fund
6

 

 
6

Total
$
6

 
$
910

 
$
916

 
Fair Value Measurements as of December 31, 2014
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant
Observable Inputs
(Level 2)
 
Total
 
(In millions)
Common/collective trust investment — U.S. equity
$

 
$
287

 
$
287

Common/collective trust investment — non-U.S. equity

 
149

 
149

Common/collective trust investment — global equity

 
96

 
96

Common/collective trust investment — fixed income

 
431

 
431

Partnerships/joint ventures

 
21

 
21

Short-term investment fund
4

 

 
4

Total
$
4

 
$
984

 
$
988

In accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value measurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement in its entirety. The fair value of the common/collective trusts is valued at fair value which is equal to the sum of the market value of all of the fund's underlying investments, and is categorized as Level 2. Partnerships/joint ventures Level 2 investments consist primarily of a partnership which invests in emerging market equity securities. There are no investments categorized as Level 3.
The following table presents the significant assumptions used to calculate NRG's benefit obligations:
 
As of December 31,
 
Pension Benefits
 
Other Postretirement Benefits
Weighted-Average Assumptions
2015
 
2014
 
2015
 
2014
Discount rate
4.52
%
 
4.16
%
 
4.55
%
 
4.20
%
Rate of compensation increase
3.00
%
 
3.45
%
 
N/A

 
N/A

Health care trend rate

 

 
7.25% grading to 5.0% in 2025

 
8.6% grading to
5.0% in 2023


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