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75
Qualified and Non-qualified
Pension Benefits Postretirement
United States International Benefits
(Millions) 2008 2007 2008 2007 2008 2007
Amounts recognized in the
Consolidated Balance Sheet
as of Dec. 31,
Non-current assets .............. $ — $ 1,246 $36
$ 132
$ — $—
Accrued benefit cost ............
Current liabilities............... (31 ) (27 ) (5 ) (6 ) (2 ) (2 )
Non-current liabilities ....... (1,121 ) (338 ) (1,046 ) (558 ) (680 ) (452 )
Ending balance.................... $ (1,152 ) $ 881 $ (1,015 ) $ (432 ) $ (682 ) $ (454 )
Amounts recognized in
accumulated other
comprehensive income as of
Dec. 31,
Net transition obligation (asset) $ — $ — $(3) $1
$ — $—
Net actuarial loss (gain)....... 3,489 1,210 1,468 884
1,089 768
Prior service cost (credit)..... 62 68 (80 ) (45 ) (416 ) (365 )
Ending balance.................... $ 3,551 $ 1,278 $ 1,385 $ 840
$ 673 $ 403
The accumulated benefit obligation of the U.S. pension plans was $9.844 billion and $9.643 billion at December 31,
2008 and 2007, respectively. The accumulated benefit obligation of the international pension plans was $3.681 billion
and $4.421 billion at December 2008 and 2007, respectively.
The following amounts relate to pension plans with accumulated benefit obligations in excess of plan assets as of
December 31:
Qualified and Non-qualified Pension Plans
United States International
(Millions) 2008 2007 2008 2007
Projected benefit obligation.......................... $ 10,395 $ 360 $ 3,562
$ 3,497
Accumulated benefit obligation .................... 9,844 360 3,293
3,271
Fair value of plan assets .............................. 9,243 —
2,529
2,984