Burger King 2013 Annual Report Download - page 92

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Table of Contents

The following table sets forth the change in benefit obligations, fair value of plan assets and amounts recognized in the balance sheets for the
U.S. Pension Plans, International Pension Plans and U.S. Retiree Medical Plan (in millions):
 
   

Benefit obligation at beginning of year $ 212.9 $ 193.0 $ 8.5 $ 19.5
Service cost
Interest cost 8.4 8.6 0.4 0.4
Plan amendments (11.1)
Actuarial (gains) losses (17.4) 21.0 (0.6) 0.1
Part D Rx Subsidy Received 0.1
Benefits paid (10.3) (9.7) (0.4) (0.5)
Benefit obligation at end of year $193.6 $212.9 $7.9 $8.5

Fair value of plan assets at beginning of year $145.4 $ 129.0 $ $
Actual return on plan assets 17.0 17.5
Employer contributions 7.5 8.6 0.4 0.5
Benefits paid (10.3) (9.7) (0.4) (0.5)
Fair value of plan assets at end of year $159.6 $145.4 $ $
Funded status of plan $(34.0) $(67.5) $ (7.9) $ (8.5)

Current liabilities $(0.8) $(0.7) $(0.5) $(0.5)
Noncurrent liabilities (33.2) (66.8) (7.4) (8.0)
Net pension liability, end of fiscal year $(34.0) $(67.5) $ (7.9) $ (8.5)

Prior service cost / (credit) $ $ $(12.4) $(15.3)
Unrecognized actuarial loss (gain) (2.9) 24.8 (2.1) (1.6)
Total AOCI (before tax) $ (2.9) $24.8 $(14.5) $(16.9)
90
Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research
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