ADT 2010 Annual Report Download - page 222

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Retirement Plans (Continued)
tax benefit of $2 million, and a net increase to accumulated other comprehensive income (loss) of
$61 million, net of income taxes of $28 million.
U.S. Plans Non-U.S. Plans
2010 2009 2010 2009
Amounts recognized in the Consolidated Balance Sheets consist of:
Non-current assets ...................................... $ — $ — $ 2 $ 6
Current liabilities ....................................... (3) (3) (13) (11)
Non-current liabilities .................................... (270) (229) (347) (375)
Net amount recognized ................................. $(273) $(232) $(358) $(380)
Amounts recognized in accumulated other comprehensive loss (before
income taxes) consist of:
Transition asset ......................................... $ — $ — $ 3 $ 4
Prior service (cost) credit ................................. (6) (7) (1) 26
Net actuarial loss ....................................... (374) (363) (426) (420)
Total loss recognized ................................... $(380) $(370) $(424) $(390)
Weighted-average assumptions used to determine pension benefit obligations
at year end:
Discount rate .......................................... 5.0% 5.5% 5.0% 5.6%
Rate of compensation increase ............................. 4.0% 4.0% 3.5% 4.2%
The accumulated benefit obligation for all U.S. plans as of September 24, 2010 and September 25,
2009 was $929 million and $862 million, respectively. The accumulated benefit obligation for all non-
U.S. plans as of September 24, 2010 and September 25, 2009 was $1,366 million and $1,276 million,
respectively.
The accumulated benefit obligation and fair value of plan assets for U.S. pension plans with
accumulated benefit obligations in excess of plan assets were $929 million and $657 million,
respectively, as of September 24, 2010 and $862 million and $631 million, respectively, as of
September 25, 2009.
The accumulated benefit obligation and fair value of plan assets for non-U.S. pension plans with
accumulated benefit obligations in excess of plan assets were $1,344 million and $1,006 million,
respectively, as of September 24, 2010 and $1,253 million and $919 million, respectively, as of
September 25, 2009.
The aggregate benefit obligation and fair value of plan assets for U.S. pension plans with benefit
obligations in excess of plan assets were $930 million and $657 million, respectively, as of
September 24, 2010 and $863 million and $631 million, respectively, as of September 25, 2009.
The aggregate benefit obligation and fair value of plan assets for non-U.S. pension plans with
benefit obligations in excess of plan assets were $1,365 million and $1,006 million, respectively, as of
September 24, 2010 and $1,312 million and $927 million, respectively, as of September 25, 2009.
134 2010 Financials