Target allocations are established in consultation with outside  advisors through the use of asset-liability modeling to attempt  to match the duration of the plan assets with the duration of  the Company’s projected benefit liability. The asset allocation  strategy attempts to minimize the long-term cost of pension  benefits, reduce the volatility of pension expense, and achieve  a healthy funded status for the plans. During 2014, the 1.7 million shares of Company common  stock held in plan assets were sold. Dividends paid during the  year on shares held by the plan were $0.7 million. In 2013,  plan assets included 1.7 million shares of common stock of  the Company having a market value of $72.6 million. Based on the October 26, 2014 measurement date, the  Company anticipates making contributions of $24.5 million to  fund the pension plans during fiscal year 2015. The Company  also expects to make contributions of $26.0 million during  2015 that represent benefit payments for unfunded plans. Post-retirement benefits are net of expected federal sub- sidy receipts related to prescription drug benefits granted  under the Medicare Prescription Drug, Improvement and  Modernization Act of 2003, which are estimated to be $2.3  million per year through 2024. Benefits expected to be paid over the next ten fiscal years are  as follows: The fair values of the defined benefit pension plan investments as of October 26, 2014, and October 27, 2013, by asset category  and fair value hierarchy level, are as follows: 50 Fair Value Measurements at October 26, 2014 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) $  14,342  $ 14,342  $  –  $  – Large Capitalization Equity (2) Domestic  $  351,195  $196,977  $154,218  $  – Foreign  34,126  34,126  –  – Total Large Capitalization Equity  $  385,321  $231,103  $154,218  $  – Small Capitalization Equity (3) Domestic  $  62,521  $ 62,521  $  –  $  – Foreign  8,031  8,031  –  – Total Small Capitalization Equity  $  70,552  $ 70,552  $  –  $  – International Equity (4) Mutual fund  $  69,393  $  –  $ 69,393  $  – Collective trust  173,008  –   173,008  – Total International Equity  $  242,401  $  –  $242,401  $  – Private Equity (5) Domestic  $  43,340  $  –  $  –  $43,340 International  15,383  –  –   15,383 Total Private Equity  $  58,723  $  –  $  –  $58,723 Total Equity  $  756,997  $301,655  $396,619  $58,723 Fixed Income (6) US government issues  $  126,894  $ 96,199  $ 30,695  $  – Municipal issues  20,232  –  20,232  – Corporate issues — domestic  212,299  –   212,299  – Corporate issues — foreign  38,001  –  38,001  – Total Fixed Income  $  397,426  $ 96,199  $301,227  $  – Total Investments at Fair Value $1,168,765  $412,196  $697,846  $58,723 P o s t - Pension   retirement  (in thousands)  Benefits  Benefits 2015 $ 51,207  $19,230 2016 53,166   19,543 2017 55,688   19,618 2018 58,467   19,701 2019 61,450   19,722 2020 – 2024   355,045   95,532