ADT 2008 Annual Report Download - page 251

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
17. Retirement Plans (Continued)
The estimated net gain and prior service cost for non-U.S. pension benefit plans that will be
amortized from accumulated other comprehensive income into net periodic benefit cost over the next
fiscal year are expected to be $24 million and $3 million, respectively.
The change in benefit obligations, plan assets and the amounts recognized on the Consolidated
Balance Sheets for all U.S. and non-U.S. defined benefit plans at September 26, 2008 and
September 28, 2007 is as follows ($ in millions):
U.S. Plans Non-U.S. Plans
2008 2007 2008 2007
Change in benefit obligations:
Benefit obligations at beginning of year ....................... $783 $803 $1,525 $1,484
Service cost ........................................... 9 9 46 48
Interest cost ........................................... 48 47 83 74
Employee contributions ................................... — — 6 6
Plan amendments ....................................... — 2 — (8)
Actuarial (gain) ........................................ (69) (42) (37) (115)
Acquisitions/divestitures ................................... — 7 2 —
Benefits and administrative expenses paid ...................... (46) (43) (68) (58)
Plan settlements, curtailments and special termination benefits ...... — — (10) (8)
Currency translation ..................................... — — (107) 102
Benefit obligations at end of period ........................ $725 $783 $1,440 $1,525
Change in plan assets:
Fair value of plan assets at beginning of year ................... $765 $720 $1,186 $ 986
Actual return on plan assets ............................... (51) 76 (6) 80
Employer contributions ................................... 5 5 71 110
Employee contributions ................................... — — 6 6
Acquisitions/divestitures ................................... — 7 3 —
Plan settlements, curtailments and special termination benefits ...... — — (9) (8)
Benefits and administrative expenses paid ...................... (46) (43) (68) (58)
Currency translation ..................................... — — (92) 70
Fair value of plan assets at end of period .................... $673 $765 $1,091 $1,186
Funded status .......................................... $(52) $(18) $(349) $ (339)
Contributions after the measurement date ..................... 3 — 2 5
Net amount recognized ................................. $(49) $(18) $(347) $ (334)
148 2008 Financials