Burger King 2011 Annual Report Download - page 111

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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
The assumed healthcare cost trend rates are as follows:
Successor Predecessor
2011
October 19,
2010 to
December 31,
2010
July 1,
2010 to
October 18,
2010
Fiscal
2010
Fiscal
2009
Healthcare cost trend rate assumed for next year 8.00% 8.00% 8.00% 8.00% 8.50%
Rate to which the cost trend rate is assumed to decline
(the ultimate trend rate) 5.00% 5.00% 5.00% 5.00% 5.00%
Year that the rate reaches the ultimate trend rate 2020 2020 2020 2020 2016
Assumed healthcare cost trend rates do not have a significant effect on the amounts reported for the postretirement healthcare plans, since a one-percentage
point increase or decrease in the assumed healthcare cost trend rate would have a minimal effect on service and interest cost for the postretirement obligation.
Plan Assets
The fair value of the major categories of pension plan assets for U.S. and International Pension Plans at December 31, 2011 is presented below (in
millions):
Successor Predecessor
U.S.
Pension Plans
International
Pension Plan
U.S.
Pension Plan
Internation
Pension Plan
U.S.
Pension Plans
International
Pension Plans
As of December 31, As of June 30,
2011 2010 2010
Level 2
Cash and Cash equivalents(a) $ 1.0 $ — $ 8.0 $ 0.2 $ 7.7 $ 0.3
Equity Securities(b):
U.S. 64.4 3.6 58.1 4.0 49.2 3.2
Non — U.S. 13.3 10.5 13.6 10.7 11.8 8.3
Fixed Income(b):
Corporate Bonds and Notes 24.9 — 24.1 — 20.6 —
U.S. Government Treasuries 6.2 — 7.2 — 6.3 —
International Debt 7.6 — 5.7 — 4.9 —
Mortgage-Backed Securities 1.3 — 0.8 — 4.5 —
U.S. Government Agencies 2.3 — 1.8 — 1.9 —
Asset-Backed Securities 0.3 — 0.3 — 1.0 —
Municipal Bonds 3.1 — 1.1 — 0.8 —
Non-U.S. Bonds 0.8 6.6 0.3 6.8 0.2 6.2
Other(c) 3.8 0.4 1.1 0.4 0.8 0.3
Total fair value of plan assets $ 129.0 $ 21.1 $ 122.1 $ 22.1 $ 109.7 $ 18.3
(a) Short-term investments in money market funds and short term receivables for investments sold
110
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠