ADT 2007 Annual Report Download - page 238

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
17. Retirement Plans (Continued)
The change in benefit obligations, plan assets and the amounts recognized on the Consolidated
Balance Sheets for all U.S. and non-U.S. defined benefit plans at September 28, 2007 and
September 29, 2006 is as follows ($ in millions):
U.S. Plans Non-U.S. Plans
2007 2006 2007 2006
Change in benefit obligations:
Benefit obligations at beginning of year ...................... $ 803 $816 $1,495 $1,276
Service cost .......................................... 9 11 48 39
Interest cost .......................................... 47 43 74 61
Employee contributions ................................. — — 6 6
Plan amendments ...................................... 2 — (8) —
Actuarial (gain) loss .................................... (42) (26) (115) 76
Transfer ............................................. 7 — — —
Benefits and administrative expenses paid .................... (43) (41) (58) (49)
Plan settlements, curtailments and special termination benefits ..... — — (8) (2)
Currency translation .................................... — — 102 88
Benefit obligations at end of period ....................... $ 783 $803 $1,536 $1,495
Change in plan assets:
Fair value of plan assets at beginning of year .................. $ 720 $700 $ 993 $ 848
Actual return on plan assets .............................. 76 57 80 86
Employer contributions .................................. 5 4 111 44
Employee contributions ................................. — — 6 6
Transfer ............................................. 7 — — —
Plan settlements, curtailments and special termination benefits ..... — — (9) (2)
Benefits and administrative expenses paid .................... (43) (41) (58) (49)
Currency translation .................................... — — 70 60
Fair value of plan assets at end of period ................... $ 765 $720 $1,193 $ 993
Funded status ......................................... $ (18) $(83) $(343) $ (502)
Unrecognized net actuarial loss ............................ — 217 — 499
Unrecognized prior service cost (credit) ...................... — 8 — (31)
Unrecognized transition asset ............................. — — — (6)
Contributions after the measurement date .................... — — 5 3
Net amount recognized ................................ $ (18) $142 $ (338) $ (37)
146 2007 Financials