Equifax 2010 Annual Report Download - page 62

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Obligations and Funded Status. A reconciliation of the benefit obligations, plan assets and funded status of the plans is as follows:
Pension Benefits Other Benefits
(In millions) 2010 2009 2010 2009
Change in benefit obligation
Benefit obligation at January 1, $ 624.2 $ 577.8 $ 33.5 $ 31.0
Service cost 6.4 5.3 0.5 0.5
Interest cost 34.9 35.1 1.7 1.8
Plan participants’ contributions ——1.1 1.0
Amendments 0.6 ———
Actuarial loss (gain) 50.5 41.5 1.2 3.4
Foreign currency exchange rate changes 1.8 5.4 ——
Special termination benefits —0.1 ——
Benefits paid (40.4) (41.0) (4.5) (4.2)
Benefit obligation at December 31, 678.0 624.2 33.5 33.5
Change in plan assets
Fair value of plan assets at January 1, 505.4 440.8 17.3 15.0
Actual return on plan assets 47.5 66.3 1.6 2.3
Employer contributions 55.4 32.9 3.4 3.2
Plan participants’ contributions ——1.1 1.0
Foreign currency exchange rate changes 2.0 6.4 ——
Benefits paid (40.4) (41.0) (4.5) (4.2)
Fair value of plan assets at December 31, 569.9 505.4 18.9 17.3
Funded status of plan $(108.1) $(118.8) $(14.6) $(16.2)
The accumulated benefit obligation for the USRIP, CRIP and
Supplemental Retirement Plans was $646.3 million at December 31,
2010. The accumulated benefit obligation for the USRIP, CRIP and
Supplemental Retirement Plans was $592.2 million at December 31,
2009.
At December 31, 2010, the USRIP and Supplemental Retirement
Plans had projected benefit obligations and accumulated benefit
obligations in excess of those plans’ respective assets. The
projected benefit obligation, accumulated benefit obligation and fair
value of plan assets for these plans in the aggregate were $631.3
million, $605.6 million and $519.2 million, respectively, at
December 31, 2010.
At December 31, 2009, the USRIP and Supplemental Retirement
Plans had projected benefit obligations and accumulated benefit
obligations in excess of those plans’ respective assets. The
projected benefit obligation, accumulated benefit obligation and fair
value of plan assets for these plans in the aggregate were $583.6
million, $557.9 million and $459.4 million, respectively, at
December 31, 2009.
The following table represents the net amounts recognized, or
the funded status of our pension and other postretirement benefit
plans, in our Consolidated Balance Sheets at December 31, 2010
and 2009:
Pension Benefits Other Benefits
(In millions) 2010 2009 2010 2009
Amounts recognized in the statements of financial position consist of:
Prepaid pension asset $ 4.0 $ 5.3 $— $—
Current liabilities (3.8) (3.8) ——
Long-term liabilities (108.3) (120.3) (14.6) (16.2)
Net amount recognized $(108.1) $(118.8) $(14.6) $(16.2)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
EQUIFAX 2010 ANNUAL REPORT
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