Equifax 2012 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2012 Equifax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 1

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

63
Equifax 2012 Annual Report
Included in accumulated other comprehensive loss at December 31, 2012 and 2011, were the following amounts that have not yet been
recognized in net periodic pension cost:
Pension Benefits Other Benefits
(In millions) 2012 2011 2012 2011
Prior service cost, net of accumulated taxes of $3.5 and $0.9 in 2012 and 2011,
respectively, for pension benefits and $(0.3) and $(0.4) in 2012 and 2011,
respectively, for other benefits $ 6.0 $ 1.8 $(0.4) $ (0.6)
Net actuarial loss, net of accumulated taxes of $151.5 and $165.6 in 2012 and
2011, respectively, for pension benefits and $4.6 and $6.0 in 2012 and 2011,
respectively, for other benefits 262.9 288.6 7.9 10.5
Accumulated other comprehensive loss $268.9 $290.4 $ 7.5 $ 9.9
The following indicates amounts recognized in other comprehensive income (loss) during the twelve months ended December 31, 2012
and 2011:
Changes in plan assets and benefit obligations recognized in other comprehensive income:
Pension Benefits Other Benefits
(In millions) 2012 2011 2012 2011
Amounts arising during the period:
Net actuarial loss (gain), net of taxes of $21.8 and $39.2 in 2012 and 2011,
respectively, for pension benefits and $(0.8) and $(0.6) in 2012 and 2011,
respectively, for other benefits $ 36.2 $68.9 $(1.8) $(1.0)
Foreign currency exchange rate (gain) loss, net of taxes of $0.0 and $(0.0) in 2012
and 2011, respectively, for pension benefits 0.1 (0.1) ——
Prior service (credit) cost, net of taxes of $2.8 for pension benefits in 2012 4.7 ———
Amounts recognized in net periodic benefit cost during the period:
Recognized actuarial loss, net of taxes of $(5.9) and $(4.4) in 2012 and 2011,
respectively, for pension benefits and $(0.4) and $(0.5) in 2012 and 2011,
respectively, for other benefits (10.1) (7.6) (0.7) (0.8)
Amortization of prior service cost, net of taxes of $(0.3) in 2012 and 2011 for pen-
sion benefits and $0.1 in 2012 and 2011 for other benefits (0.5) (0.5) 0.1 0.1
Curtailments, net of taxes of $(10.6) in 2012 for pension benefits (18.4) ———
Settlements, net of taxes of $(19.5) in 2012 for pension benefits (33.5) ———
Total recognized in other comprehensive income $(21.5) $60.7 $(2.4) $(1.7)
Components of Net Periodic Benefit Cost.
Pension Benefits Other Benefits
(In millions) 2012 2011 2010 2012 2011 2010
Service cost $ 6.5 $ 6.4 $ 6.4 $ 0.5 $ 0.6 $ 0.5
Interest cost 33.4 34.5 34.9 1.2 1.6 1.7
Expected return on plan assets (46.6) (46.6) (44.8) (1.6) (1.7) (1.5)
Amortization of prior service cost 0.8 0.8 0.8 (0.2) (0.2) (0.2)
Recognized actuarial loss 16.0 12.0 9.2 1.1 1.3 1.2
Net periodic benefit cost 10.1 7.1 6.5 1.0 1.6 1.7
Curtailments (0.2)
Settlements 38.9
Total net periodic benefit cost $ 48.8 $ 7.1 $ 6.5 $ 1.0 $ 1.6 $ 1.7