DuPont 2014 Annual Report Download - page 85

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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
F-32
Summarized information on the company's pension and other long-term employee benefit plans is as follows:
Pension Benefits Other Benefits
Obligations and Funded Status at December 31, 2014 2013 2014 2013
Change in benefit obligation
Benefit obligation at beginning of year $ 26,289 $ 29,179 $ 2,754 $ 3,532
Service cost 241 271 17 29
Interest cost 1,162 1,088 121 130
Plan participants' contributions 21 23 37 33
Actuarial loss (gain) 3,672 (2,104) 280 (515)
Benefits paid (1,651)(1,626)(270)(240)
Amendments (44)(62)(50)(211)1
Net effects of acquisitions/divestitures (21)(480) — (4)
Benefit obligation at end of year $ 29,669 $ 26,289 $ 2,889 $ 2,754
Change in plan assets
Fair value of plan assets at beginning of year $ 20,614 $ 19,399 $ — $ —
Actual gain on plan assets 1,163 2,714 — —
Employer contributions 311 313 233 207
Plan participants' contributions 21 23 37 33
Benefits paid (1,651)(1,626)(270)(240)
Net effects of acquisitions/divestitures (12)(209) — —
Fair value of plan assets at end of year $ 20,446 $ 20,614 $ — $ —
Funded status
U.S. plans with plan assets $ (7,072) $ (3,546) $ — $ —
Non-U.S. plans with plan assets (709)(686) — —
All other plans (1,442)2(1,443)2(2,889)(2,754)
Total $ (9,223) $ (5,675) $ (2,889) $ (2,754)
Amounts recognized in the Consolidated Balance
Sheets consist of:
Other assets $ 64 $ 11 $ — $ —
Other accrued liabilities (Note 12) (120)(111)(223)(224)
Other liabilities (Note 14) (9,167)(5,575)(2,666)(2,530)
Net amount recognized $ (9,223) $ (5,675) $ (2,889) $ (2,754)
1. Primarily due to amendments in 2013 to the company's U.S. parent company retiree life insurance plan for employees retiring on and after January 1, 2015
and subsidiaries retiree health care plans.
2. Includes pension plans maintained around the world where funding is not customary.