Fair Value Measurements at October 27, 2013 Quoted Prices  in Active  Significant Other  Significant  Markets for  Observable  Unobservable  Total  Identical Assets  Inputs  Inputs  (in thousands)  Fair Value  (Level 1)  (Level 2)  (Level 3) Investments at Fair Value: Cash Equivalents (1) $  16,373  $ 16,373  $  –  $  – Large Capitalization Equity (2) Domestic  $ 355,084  $248,398  $106,686  $  – Foreign  35,466  35,466  –  – Total Large Capitalization Equity  $ 390,550  $283,864  $106,686  $  – Small Capitalization Equity (3) Domestic  $  60,579  $ 60,579  $  –  $  – Foreign  7,503  7,503  –  – Total Small Capitalization Equity  $  68,082  $ 68,082  $  –  $  – International Equity (4) Mutual fund  $  66,260  $  –  $ 66,260  $  – Collective trust  173,044  –   173,044  – Total International Equity  $ 239,304  $  –  $239,304  $  – Private Equity (5) Domestic  $  35,226  $  –  $  –  $35,226 International  10,557  –  –   10,557 Total Private Equity  $  45,783  $  –  $  –  $45,783 Total Equity  $ 743,719  $351,946  $345,990  $45,783 Fixed Income (6) US government issues  $ 104,087  $ 77,381  $ 26,706  $  – Municipal issues  21,405  –  21,405  – Corporate issues — domestic  176,319  –   176,319  – Corporate issues — foreign  25,412  –  25,412  – Total Fixed Income  $ 327,223  $ 77,381  $249,842  $  – Total Investments at Fair Value $1,087,315  $445,700  $595,832  $45,783 The following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of  such instruments pursuant to the valuation hierarchy: (1)  Cash Equivalents: These Level 1 investments consist primarily of money market mutual funds that are highly liquid and traded in active markets. (2)  Large Capitalization Equity: The Level 1 investments include a mix of predominately U.S. common stocks and foreign common stocks, which are  valued at the closing price reported on the active market in which the individual securities are traded. The Level 2 investment includes a mutual  fund consisting of a mix of U.S. common stocks that is valued at the publicly available net asset value (NAV) of shares held by the pension plans at  year end. (3)  Small Capitalization Equity: The Level 1 investments include a mix of predominately U.S. common stocks and foreign common stocks, which are  valued at the closing price reported on the active market in which the individual securities are traded. (4)  International Equity: These Level 2 investments include a mix of collective investment funds and mutual funds. The mutual funds are valued at  the publicly available NAV of shares held by the pension plans at year end. The value of the collective investment funds is based on the fair value  of the underlying investments and the NAV can be calculated for these funds. (5)  Private Equity: These Level 3 investments consist of various collective investment funds, which are managed by a third party, that invest in a  well-diversified portfolio of equity investments from top performing, high quality firms that focus on U.S. and foreign small to mid-markets; ven- ture capitalists; and entrepreneurs with a concentration in areas of innovation. Investment strategies include buyouts, growth capital, buildups,  and distressed; investment strategies also include early stages of company development mainly in the U.S. The fair value of the units for these  investments is based on the fair value of the underlying investments, and the NAV can be calculated for these funds. (6)  Fixed Income: The Level 1 investments include U.S. Treasury bonds and notes, which are valued at the closing price reported on the active market  in which the individual securities are traded. The Level 2 investments consist principally of U.S. government securities, which are valued daily  using institutional bond quote sources and mortgage-backed securities pricing sources; municipal, domestic, and foreign securities, which are  valued daily using institutional bond quote sources; and mutual funds invested in long-duration corporate bonds that are valued at the publicly  available NAV of shares held by the pension plans at year-end. 51