Boeing 2010 Annual Report Download - page 97
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A portion of net periodic benefit cost is allocated to production as product costs and may remain in
inventory at the end of each reporting period.
The following tables show changes in the benefit obligation, plan assets and funded status of both
pensions and OPB for the years ended December 31, 2010 and 2009. Benefit obligation balances
presented below reflect the PBO for our pension plans, and accumulated postretirement benefit
obligations (APBO) for our OPB plans.
Pension
Other
Postretirement
Benefits
2010 2009 2010 2009
Change in benefit obligation
Beginning balance $52,166 $49,017 $ 7,576 $ 7,859
Service cost 1,176 1,090 121 132
Interest cost 3,002 2,964 404 466
Plan participants’ contributions 99
Amendments 142 143 (130) (18)
Actuarial (gain)/loss 5,243 1,445 1,061 (374)
Settlement/curtailment/acquisitions/ dispositions, net (93) (68) 32
Gross benefits paid (2,567) (2,515) (555) (541)
Medicare Part D subsidy 31 30
Exchange rate adjustment 28 81 622
Ending balance $59,106 $52,166 $ 8,546 $ 7,576
Change in plan assets
Beginning balance at fair value $45,810 $40,597 $89$79
Actual return on plan assets 5,979 6,074 11 13
Company contribution 35 1,582 15 24
Plan participants’ contributions 9922
Settlement/curtailment/acquisitions/ dispositions, net (98) (67) (1)
Benefits paid (2,507) (2,459) (19) (28)
Exchange rate adjustment 24 74
Ending balance at fair value $49,252 $45,810 $98$89
Amounts recognized in statement of financial position at
December 31 consist of:
Pension plan assets, net $6$16
Other accrued liabilities (60) (57) $ (423) $ (438)
Accrued retiree health care (8,025) (7,049)
Accrued pension plan liability, net (9,800) (6,315)
Net amount recognized $ (9,854) $ (6,356) $(8,448) $(7,487)
Amounts recognized in Accumulated other comprehensive loss at December 31 are as follows:
Pensions
Other
Postretirement
Benefits
2010 2009 2010 2009
Net actuarial loss $19,343 $17,012 $2,148 $1,197
Prior service cost/(credit) 1,225 1,331 (384) (332)
Total recognized in Accumulated other comprehensive loss $20,568 $18,343 $1,764 $ 865
85