Emerson 2009 Annual Report Download - page 39

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Annual Report 37

Retirement plan expense includes the following components:
 u.s.p l A n s n o n -u.s.p l A n s
2007  2008  2009 2007  2008  2009
Defined benefit plans:
Service cost (benefits earned
during the period) $ 43 48 46 21 23 22
Interest cost 159 167 174 38 45 45
Expected return on plan assets (211) (230) (243) (38) (45) (37)
Net amortization 87 86 70 11 11 17
Net periodic pension expense 78 71 47 32 34 47
Defined contribution and
multiemployer plans 94 104 80 27 34 37
Total retirement plan expense $ 172 175 127 59 68 84
Reconciliations of the actuarial present value of the projected benet obligations and of the fair value of plan assets for
dened benet pension plans follow:
 u.s.p l A n s n o n -u.s.p l A n s
2008  2009 2008  2009
Projected benefit obligation, beginning $2,678 2,699 837 843
Service cost 48 46 23 22
Interest cost 167 174 45 45
Actuarial loss (gain) (64) 408 21 15
Benefits paid (136) (154) (35) (37)
Acquisitions/divestitures, net – – 21 3
Effect of FAS 158 measurement date adjustment – 21 – 8
Foreign currency translation and other 6 8 (69) (35)
Projected benefit obligation, ending $2,699 3,202 843 864
Fair value of plan assets, beginning $3,204 3,030 690 619
Actual return on plan assets (102) (311) (42) 3
Employer contributions 63 228 73 75
Benefits paid (136) (154) (35) (37)
Acquisitions/divestitures, net – – 4 –
Effect of FAS 158 measurement date adjustment – 28 – 6
Foreign currency translation and other 1 1 (71) (32)
Fair value of plan assets, ending $3,030 2,822 619 634
Plan assets in excess of (less than) benefit obligation
as of June 30, 2008 and September 30, 2009 $ 331
(380) (224) (230)
Adjustment for fourth quarter contributions – – 4 –
Net amount recognized in the balance sheet $ 331 (380) (220) (230)
Amounts recognized in the balance sheet as of September 30:
Noncurrent asset $ 431 – 5 3
Noncurrent liability $ (100) (380) (225) (233)
Accumulated other comprehensive loss $ (551) (1,432) (253) (260)