AbbVie 2014 Annual Report Download - page 90
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13NOV201221352027
Amounts Recognized in AOCI and OCI
The defined benefit pension and other post-employment plans’ actuarial gains or losses and prior
service costs or credits not yet recognized in net periodic benefit cost are recognized on a net-of-tax basis
in AOCI and will be amortized to net periodic benefit cost in the future. The following is a summary of the
pretax gains and losses included in OCI.
years ended December 31 (in millions) 2014 2013 2012
Defined benefit plans
Actuarial (gain) loss $1,127 $(715) $ 98
Prior service cost 1 15 9
Amortization of actuarial losses and prior service costs (68) (114) (7)
Foreign exchange loss (41) 2 5
Total pretax (gain) loss recognized in OCI $1,019 $(812) $105
Other post-employment plans
Actuarial (gain) loss $ 111 $ (42) $ 69
Prior service cost (13) (53) —
Amortization of actuarial losses and prior service costs 3 — —
Total pretax (gain) loss recognized in OCI $ 101 $ (95) $ 69
The pretax amount of actuarial (gain) loss and prior service cost included in AOCI at December 31,
2014 that is expected to be recognized in the net periodic benefit cost in 2015 is $114 million for defined
benefit plans and $2 million for other post-employment plans.
Net Periodic Benefit Cost
years ended December 31 (in millions) 2014 2013 2012
Defined benefit plans
Service cost $ 173 $ 184 $ 21
Interest cost 217 196 38
Expected return on plan assets (302) (259) (29)
Amortization of actuarial losses and prior service costs 68 114 7
Net periodic pension benefit cost $ 156 $ 235 $ 37
Other post-employment plans
Service cost $ 22 $ 23 $ —
Interest cost 22 19 —
Amortization of actuarial gain and prior service costs (2) (1) —
Net periodic OPEB cost $ 42 $ 41 $ —
Weighted-Average Assumptions Used in Determining Benefit Obligations at the Measurement Date
2014 2013
Defined benefit plans
Discount rate 3.9% 4.9%
Rate of compensation increases 4.4% 5.0%
Other post-employment plans
Discount rate 4.5% 5.3%
Rate of compensation increases — 6.0%
84 2014 Form 10-K