Estee Lauder 2013 Annual Report Download - page 169
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THE EST{E LAUDER COMPANIES INC. 167
Amounts recognized in accumulated OCI (before tax) as of June 30, 2013 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement Total
(In millions)
Net actuarial (gains) losses, beginning of year $215.8 $140.3 $ 62.3 $418.4
Actuarial (gains) losses recognized (53.5) (3.5) (35.8) (92.8)
Amortization of amounts included in net
periodic benefit cost (14.5) (10.0) (4.4) (28.9)
Translation adjustments — (3.5) — (3.5)
Net actuarial (gains) losses, end of year 147.8 123.3 22.1 293.2
Net prior service cost (credit), beginning of year 3.7 17.5 4.9 26.1
Amortization of amounts included in net
periodic benefit cost (0.7) (2.8) (0.8) (4.3)
Net prior service cost (credit), end of year 3.0 14.7 4.1 21.8
Net transition obligation (asset), beginning of year — (0.1) — (0.1)
Amortization of amounts included in net
periodic benefit cost — 0.1 — 0.1
Net transition obligation (asset), end of year — — — —
Total amounts recognized in accumulated OCI $150.8 $138.0 $ 26.2 $315.0
Amounts in accumulated OCI expected to be amortized as components of net periodic benefit cost during fiscal 2014
are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement
(In millions)
Prior service cost $7.4 $ 2.7 $0.8
Net actuarial loss $8.1 $11.5 $1.7
The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company’s pension
plans at June 30 are as follows:
Pension Plans
Retirement
Growth Account Restoration International
2013 2012 2013 2012 2013 2012
(In millions)
Projected benefit obligation $565.7 $594.5 $110.3 $111.6 $508.6 $483.4
Accumulated benefit obligation $505.4 $522.1 $ 86.1 $ 86.3 $445.5 $426.5
Fair value of plan assets $659.7 $645.6 $— $ — $438.6 $415.3
20
13
$
565.7
$
505.
4
$
659.7
20
13
$
110.
3
$
86.
1
$—
20
13
$
508.
6
$
445.
5
$
438.
6
International pension plans with projected benefit obligations in excess of the plans’ assets had aggregate projected
benefit obligations of $262.2 million and $223.0 million and aggregate fair value of plan assets of $142.2 million and
$113.3 million at June 30, 2013 and 2012, respectively. International pension plans with accumulated benefit obligations
in excess of the plans’ assets had aggregate accumulated benefit obligations of $165.1 million and $155.6 million and
aggregate fair value of plan assets of $73.6 million and $72.5 million at June 30, 2013 and 2012, respectively.