Anixter International Inc. Financial Statement Analysis
ANIXTER INTERNATIONAL INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Disclosures concerning assets measured at fair value on a recurring basis at January 3, 2020 and December 28, 2018,
which have been categorized under the fair value hierarchy for the Domestic and Foreign Plans by the Company are as follows:
As of January 3, 2020
Domestic Plans
Foreign Plans
(In millions)
Level 1
Level 2 Level 3 Total
Level 1
Level 2
Level 3
Total
Level 1
Total
Level 2 Level 3
Total
Asset Categories:
Equity securities:
Domestic
$
$
$
0.8
$
$
0.8
$
$
0.8
$
$
0.8
International
(a)
Global
126.3
126.3
39.8
45.9
85.7
39.8
172.2
212.0
Debt securities:
Domestic treasuries
62.2
62.2
0.8
0.8
63.0
63.0
Corporate bonds
20.7
20.7
17.8
17.8
38.5
38.5
Other
43.0
43.0
80.8
80.8
123.8
123.8
Property/real estate
45.3
45.3
13.7
13.7
13.7
45.3
59.0
Insurance products
18.1
18.1
18.1
18.1
Other
0.3
0.3
0.3
0.3
Total at January 3, 2020
$ 252.2 $ 45.3 $297.5 $ 40.1
$ 177.9 $
$ 218.0
$ 40.1
$ 430.1
$ 45.3
$ 515.5
(a) Investment in funds outside the country where the pension plan originates is considered International.
As of December 28, 2018
(In millions)
Level 1
Domestic Plans
Level 2 Level 3
Foreign Plans
Total
Level 1
Level 2
Level 3
Total
Level 1
Total
Level 2
Level 3
Total
Asset Categories:
Equity securities:
Domestic
$
(a)
International
Global
104.3
104.3
$
$ 44.1
$
$ 44.1
$
$ 44.1
$
$ 44.1
68.2
68.2
68.2
68.2
104.3
104.3
Debt securities:
Domestic treasuries
40.5
40.5
44.2
44.2
84.7
84.7
Corporate bonds
42.4
42.4
12.3
12.3
54.7
54.7
Other
38.0
38.0
38.0
38.0
Property/real estate
32.7
32.7
0.3
0.3
0.3
32.7
33.0
Insurance products
18.6
18.6
18.6
18.6
Other
2.5
2.5
0.8
0.8
3.3
3.3
Total at December 28, 2018 $ 2.5 $ 225.2 $ 32.7 $ 260.4 $ 0.8
(a) Investment in funds outside the country where the pension plan originates is considered International.
$ 187.7 $
$ 188.5 $ 3.3
$ 412.9
$ 32.7
$ 448.9
Changes in Anixter's Level 3 plan assets, which are included in operations, for the years ended January 3, 2020 and
December 28, 2018 included:
(In millions)
December 28, 2018
Balance
Actual return on
plan assets
Purchases, sales
and settlements
January 3, 2020
Balance
Asset Categories:
Property/real estate
$
32.7 $
3.1 $
9.5
$
45.3
Total Level 3 investments
$
32.7 $
3.1 $
9.5
$
45.3
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