Estee Lauder 2015 Annual Report Download - page 108

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THE EST{E LAUDER COMPANIES INC. 105
Amounts recognized in AOCI (before tax) as of June 30, 2015 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement Total
(In millions)
Net actuarial losses, beginning of year $145.7 $148.2 $31.6 $325.5
Actuarial (gains) losses recognized 59.2 (1.2) (9.7) 48.3
Amortization and settlements included in
net periodic benefit cost (9.8) (9.9) (1.5) (21.2)
Translation adjustments — (14.9) (0.4) (15.3)
Net actuarial losses, end of year 195.1 122.2 20.0 337.3
Net prior service cost (credit), beginning of year 4.1 5.3 3.3 12.7
Amortization and curtailments included in
net periodic benefit cost (0.6) (1.9) (0.8) (3.3)
Translation adjustments — (0.5) — (0.5)
Net prior service cost, end of year 3.5 2.9 2.5 8.9
Total amounts recognized in AOCI $198.6 $125.1 $22.5 $346.2
Amounts in AOCI expected to be amortized as components of net periodic benefit cost during fiscal 2016 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement
(In millions)
Prior service cost $ 0.6 $ 2.0 $0.8
Net actuarial loss $11.2 $10.9 $0.4
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
2015 2014 2015 2014 2015 2014
(In millions)
Projected benefit obligation $676.7 $643.5 $117.7 $111.7 $586.2 $598.7
Accumulated benefit obligation $632.9 $598.4 $103.9 $ 97.0 $524.1 $531.4
Fair value of plan assets $721.0 $723.0 $— $— $519.3 $513.7
International pension plans with projected benefit obligations in excess of the plans’ assets had aggregate projected
benefit obligations of $256.8 million and $270.7 million and aggregate fair value of plan assets of $121.1 million and
$129.9 million at June 30, 2015 and 2014, respectively. International pension plans with accumulated benefit obligations
in excess of the plans’ assets had aggregate accumulated benefit obligations of $201.9 million and $199.1 million and
aggregate fair value of plan assets of $94.6 million and $89.2 million at June 30, 2015 and 2014, respectively.