Foot Locker 2011 Annual Report Download - page 80

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FOOT LOCKER, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
20. Retirement Plans and Other Benefits − (continued)
As of January 28, 2012 and January 29, 2011, the Canadian qualified pension plan’s assets exceeded its
accumulated benefit obligation. Information for pension plans with an accumulated benefit obligation in
excess of plan assets is as follows:
2011 2010
(in millions)
Projected benefit obligation $619 $581
Accumulated benefit obligation 619 581
Fair value of plan assets 546 511
The following tables set forth the changes in accumulated other comprehensive loss (pre-tax) at
January 28, 2012:
Pension
Benefits
Postretirement
Benefits
(in millions)
Net actuarial loss (gain) at beginning of year $438 $(28)
Amortization of net (loss) gain (15) 5
Loss arising during the year 24 2
Foreign currency translation adjustments (1) —
Net actuarial loss (gain) at end of year
(1)
$446 $(21)
Net prior service cost (benefit) at beginning of year $ 1 $ (2)
Amortization of prior service cost — 1
Loss arising during the year — 1
Net prior service cost at end of year
(1)
$1 $—
Total amount recognized $447 $(21)
(1) The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic
benefit cost (income) during the next year are approximately $16 million and $(4) million related to the pension and
postretirement plans, respectively. Additionally, $(1) million is expected to be recognized representing postretirement benefits
prior-service costs.
The following weighted-average assumptions were used to determine the benefit obligations under
the plans:
Pension Benefits Postretirement Benefits
2011 2010 2011 2010
Discount rate 4.16% 4.98% 4.00% 4.60%
Rate of compensation increase 3.69% 3.68%
60