A fair value hierarchy which prioritizes the inputs to valuation methods is used to measure fair
value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets
for identical assets or liabilities (Level | measurements) and the lowest priority to unobservable
inputs (Level 3 measurements).
The fair value of DB Plan and OPEB Plan assets by levels within the fair value hierarchy used
as of December 31, 2018 was as follows:
(in thousands) Fair Value Level 1 Level 2 Level 3
DB Plan:
Guaranteed Interest Accounts $ 4.414 $ - $ - $ 4,414
Total Assets in the Fair Value Hierarchy 44t4 - - 4,414
Investments measured at net asset value” 12,934 - - -
DB Plan Investments, at Fair Value 17,348 - - 4414
OPEB Plans:
Common stocks 252 252 - -
Mutual funds 93 93 - -
Fixed income funds 170 170 - -
Money market funds 19 : 19 -
Total Assets in the Fair Value Hierarchy 334 515 19 -
Investments measured at net asset value™ - - - -
OPEB Plans Investments, at Fair Value 534 515 19 -
Totals $ 17,882 $ 515 $ 19 § 4414
(a) In accordance with Subtopic 820-10, certain investments that were measured at fair value using the net asset value per share (or its equivalent) practical
expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair
value hicrarchy to the amounts presented in the statements of asscts available for benefits of the Plans.
23
