Burger King 2012 Annual Report Download - page 111
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Table of Contents
Total contributions to the U.S. Pension Plans and International Pension Plans were $10.1 million for 2012, $6.2 million for 2011, $0.2 million for the
period October 19, 2010 to December 31, 2010, $0.4 million for the period July 1, 2010 to October 18, 2010, and $3.5 million for Fiscal 2010.
The U.S. and International Pension Plans’ and U.S. Retiree Medical Plan’s expected contributions to be paid in the next year, the projected benefit
payments for each of the next five years and the total aggregate amount for the subsequent five years are as follows (in millions):
Estimated Net Contributions During Year Ended 2013 $5.7 $0.4 $ 0.5
Estimated Future Year Benefit Payments During Years Ended:
2013 $ 7.7 $0.3 $ 0.5
2014 $8.0 $0.4 $ 0.6
2015 $8.5 $0.4 $ 0.5
2016 $ 9.0 $0.4 $ 0.5
2017 $ 9.4 $1.6 $ 0.5
2018 – 2022 $58.9 $2.4 $2.9
The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 and December 31, 2011
(in millions):
Interest rate caps $ — $4.3 $ — $ — $ — $4.3 $ —
Forward-starting interest rate swaps — 0.8 — — — 0.8 —
Total $ — $5.1 $ — $ — $ — $5.1 $ —
Cross-currency rate swaps $ — $ — $ — $ 11.0 $ — $11.0 $ —
Investments held in a rabbi trust $ — $ 6.3 $ — $ — $ 6.3 $ — $ —
ERP liabilities $ — $ — $ 4.4 $ 7.8 $ — $ 12.2 $ —
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Source: Burger King Worldwide, Inc., 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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