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ENR 2005 Annual Report 33
The following tables present the benefit obligation, plan assets and funded status of the plans:
Pension Postretirement
SEPTEMBER 30, 2005 2004 2005 2004
Change in Projected Benefit Obligation
Benefit obligation at beginning of year $659.8 $572.2 $53.5 $51.4
Service cost 27.4 24.3 0.3 0.2
Interest cost 37.3 32.3 3.2 3.1
Plan participants’ contributions 1.2 1.0 ––
Actuarial loss 64.0 34.5 4.0 1.3
Benefits paid (48.1) (27.9) (3.2) (2.3)
Special termination benefits –15.2 ––
Plan amendments ––2.6 –
Foreign currency exchange rate changes (1.4) 8.2 1.1 (0.2)
Projected benefit obligation at end of year $740.2 $659.8 $61.5 $53.5
Change in Plan Assets
Fair value of plan assets at beginning of year $608.6 $557.3 $1.9 $1.9
Actual returnon plan assets 79.2 62.4 0.3 –
Company contributions 14.1 12.0 3.0 2.1
Plan participants’ contributions 1.2 1.0 3.5 4.0
Benefits paid (48.1) (27.9) (6.5) (6.3)
Foreign currency exchange rate changes 0.7 3.8 –0.2
Fair value of plan assets at end of year $655.7 $608.6 $2.2 $1.9
Plan Assets by Category at end of year
Equity securities 67% 66% 0% 0%
Debt securities 32% 32% 0% 0%
Other 1% 2% 100% 100%
100% 100% 100% 100%
Funded Status
Funded status of the plan $ (84.5) $(51.2) $(59.3) $ (51.6)
Unrecognized net loss/(gain) 108.2 79.6 3.6 (0.4)
Unrecognized prior service cost 7.8 7.0 (30.3) (35.4)
Unrecognized net transition asset 1.4 1.6 ––
Prepaid (accrued) benefit cost $32.9 $37.0 $(86.0) $ (87.4)
Amounts Recognized in the Consolidated Balance Sheet
Prepaid benefit cost $ 85.9 $109.5 $–$–
Accrued benefit liability (105.9) (95.6) (86.0) (87.4)
Intangible asset 3.6 0.1 ––
Accumulated other comprehensive income 49.3 23.0 ––
Net amount recognized $ 32.9 $37.0 $(86.0) $ (87.4)