ADP 2011 Annual Report Download - page 61

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The Company
’
s pension plans funded status as of June 30, 2011 and 2010 is as follows:
The amounts recognized on the Consolidated Balance Sheets as of June 30, 2011 and 2010 consisted of:
The accumulated benefit obligation for all defined benefit pension plans was $1,167.4 million and $1,078.5 million at June 30, 2011 and
2010, respectively.
The Company
’
s pension plans with accumulated benefit obligations in excess of plan assets as of June 30, 2011 and 2010 had the
following projected benefit obligation, accumulated benefit obligation and fair value of plan assets:
61
June 30,
2011
2010
Change in plan assets:
Fair value of plan assets at beginning of year
$
981.7
$
787.0
Actual return on plan assets
208.1
117.6
Employer contributions
158.1
112.3
Benefits paid
(34.6
)
(35.2
)
Fair value of plan assets at end of year
$
1,313.3
$
981.7
Change in benefit obligation:
Benefit obligation at beginning of year
$
1,087.9
$
894.9
Service cost
52.5
47.6
Interest cost
56.6
59.1
Actuarial (gains)/ losses
(5.4
)
128.8
Currency translation adjustments
14.5
(7.3
)
Benefits paid
(34.6
)
(35.2
)
Acquisitions
7.3
-
Projected benefit obligation at end of year
$
1,178.8
$
1,087.9
Funded status
-
plan assets less benefit obligations
$
134.5
$
(106.2
)
June 30,
2011
2010
Noncurrent assets
$
231.5
$
-
Current liabilities
(4.5
)
(3.9
)
Noncurrent liabilities
(92.5
)
(102.3
)
Net amount recognized
$
134.5
$
(106.2
)
June 30,
2011
2010
Projected benefit obligation
$
150.7
$
1,054.4
Accumulated benefit obligation
$
143.2
$
1,048.3
Fair value of plan assets
$
55.6
$
951.0