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F-49
The following details the unfunded status of the defined benefit plans and post-retirement benefits other than pensions, and the associated
amounts recognized in the consolidated balance sheets as of December 31:
The following details selected information for defined benefit plans, all of which have accumulated benefit obligations in excess of the
fair value of plan assets as of December 31:
Defined benefit plans Post-retirement benefits
2003 2002 2003 2002
Chan
g
e in benefit obli
g
ation:
Benefit obligation — beginning $ 6,187 $ 6,053 $ 568 $ 529
Service cost 118 158 9 10
Interest cost 401 402 40 37
Plan participants’ contributions 7 12 3 2
Plan amendments 5–––
Actuarial loss (gain) 362 (19) 106 20
Divestitures/settlements (116) (386) – (3)
Benefits paid (459) (320) (37) (31)
Foreign exchange 850 287 65 4
Benefit obligation — ending $ 7,355 $ 6,187 $ 754 $ 568
Change in plan assets:
Fair value of plan assets — beginning $ 4,386 $ 5,009 $ 41 $ 41
Actual return on plan assets 626 (270) 3 –
Employer contributions 399 153 31 28
Plan
p
artici
p
ants’ contributions 712 3 2
Divestitures/settlements (170) (424) – –
Benefits paid (459) (320) (37) (31)
Foreign exchange 626 226 9 1
Fair value of plan assets — ending $ 5,415 $ 4,386 $ 50 $ 41
Unfunded status of the plans $ (1,940) $ (1,801) $ (704) $ (527)
Unrecognized net plan benefits existing at January 1, 1987 (1) (4) – –
Unrecognized prior service cost (credit) 20 20 (29) (31)
Unrecognized net actuarial losses (gains) 1,664 1,403 119 13
Contributions after measurement date 108 113 3 –
Net amount recognized $(149) $(269) $(611) $(545)
Amount recognized in the accompanying consolidated balance sheets consist of:
Other liabilities — long-term $ (1,290) $ (1,040) $ (581) $ (516)
Other liabilities — current (72) (93) (30) (29)
Intangible assets — net 42 41 – –
Foreign currency translation adjustment 151 22 – –
Accumulated other comprehensive loss 1,020 801 – –
Net amount recognized $ (149) $ (269) $ (611) $ (545)
2003 2002
Projected benefit obligation $ 7,355 $ 6,187
Accumulated benefit obligation $ 6,797 $ 5,562
Fair value of plan assets $ 5,415 $ 4,386