Commitments for investments

[Table of Contents](#ic0f1e00f8fa04a87b8ba424679040b3d_7)  
A reconciliation of the beginning and ending balance of the investments measured at fair value using significant unobservable inputs (Level 3) is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands) |  | 2021 |  | 2020 |
| Beginning Balance |  | $ | 83,838  |  |  | $ | 84,901  |  |
| Purchases, Issuances, and Settlements (Net) |  | (23,151) |  |  | (10,151) |  |
| Unrealized Gains (Losses)(1) |  | 26,879  |  |  | (4,577) |  |
| Realized Gains |  | 604  |  |  | 8,130  |  |
| Interest and Dividend Income |  | 21,248  |  |  | 5,535  |  |
| Ending Balance |  | $ | 109,419  |  |  | $ | 83,838  |  |

 (1) Included in Accumulated Other Comprehensive Loss in the Consolidated Statements of Financial Position.   
During fiscal 2021, the value of the Level 3 investments ranged from $83.8 million to $109.4 million, with an average value of $97.6 million.  
The Company has commitments totaling $125.0 million for the private equity investments within the pension plans. The unfunded private equity commitment balance for each investment category as of October 31, 2021, and October 25, 2020, is as follows: 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands) |  | 2021 |  | 2020 |
| Domestic Equity |  | $ | 81  |  |  | $ | 203  |  |
| International Equity |  | 9,794  |  |  | 15,919  |  |
| Unfunded Commitment Balance |  | $ | 9,875  |  |  | $ | 16,122  |  |

 Funding for future private equity capital calls will come from existing pension plan assets and not from additional cash contributions by the Company.  
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