DuPont 2015 Annual Report Download - page 99

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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-40
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, 2015 2014 2015 2014
Change in benefit obligation
Benefit obligation at beginning of year $ 29,669 $ 26,289 $ 2,889 $ 2,754
Service cost 232 241 15 17
Interest cost 1,084 1,162 112 121
Plan participants' contributions 19 21 45 37
Actuarial (gain) loss (1,404) 3,672 (4) 280
Benefits paid (1,761)(1,651)(282)(270)
Amendments — (44) — (50)
Effect of foreign exchange rates (456) — (6) —
Net effects of acquisitions/divestitures (52)(21) — —
Spin-off of Chemours (1,237) — (11) —
Benefit obligation at end of year $ 26,094 $ 29,669 $ 2,758 $ 2,889
Change in plan assets
Fair value of plan assets at beginning of year $ 20,446 $ 20,614 $ — $ —
Actual gain on plan assets 88 1,163 — —
Employer contributions 308 311 237 233
Plan participants' contributions 19 21 45 37
Benefits paid (1,761)(1,651)(282)(270)
Effect of foreign exchange rates (330) — — —
Net effects of acquisitions/divestitures (47)(12) — —
Spin-off of Chemours (1,226) — — —
Fair value of plan assets at end of year $ 17,497 $ 20,446 $ — $ —
Funded status
U.S. plan with plan assets $ (6,662) $ (7,072) $ — $ —
Non-U.S. plans with plan assets (748)(747) — —
All other plans (1,187)1(1,357)1(2,758)(2,878)
Plans of discontinued operations — (47) — (11)
Total $ (8,597) $ (9,223) $ (2,758) $ (2,889)
Amounts recognized in the Consolidated Balance
Sheets consist of:
Assets of discontinued operations $ — $ 92 $ — $ —
Other assets 11 (28) — —
Other accrued liabilities (Note 13) (130)(118)(234)(223)
Liabilities of discontinued operations — (152) — (11)
Other liabilities (Note 15) (8,478)(9,017)(2,524)(2,655)
Net amount recognized $ (8,597) $ (9,223) $ (2,758) $ (2,889)
1. Includes pension plans maintained around the world where funding is not customary.