HP 2007 Annual Report Download - page 142

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 15: Retirement and Post-Retirement Benefit Plans (Continued)
Funded Status
The funded status of the defined benefit and post-retirement benefit plans was as follows for the following fiscal years
ended October 31:
U.S. Defined
Benefit Plans
Non-U.S. Defined
Benefit Plans
Post-Retirement
Benefit Plans
2007 2006 2007 2006 2007 2006
In millions
Change in fair value of plan assets:
Fair value—beginning of year ........................................... $4,325 $4,775 $8,367 $7,152 $448 $426
Acquisition/addition/deletion of plans............................... ———39 — —
Actual return on plan assets ............................................... 667 482 669 671 68 43
Employer contributions...................................................... 124 51 145 244 56 67
Participants’ contributions ................................................. — — 88 50 42 37
Benefits paid ...................................................................... (299) (42) (235) (199) (125) (125)
Settlements......................................................................... (559) (941) (62) (25) — —
Currency impact................................................................. — —844 435 — —
Fair value—end of year ..................................................... 4,258 4,325 9,816 8,367 489 448
Change in benefit obligation:
Projected benefit obligation—beginning of year ............... $4,688 $5,296 $8,089 $7,566 $1,367 $1,496
Acquisition/addition/deletion of plans............................... ———70 8 (34)
Service cost........................................................................ 130 177 261 299 31 32
Interest cost........................................................................ 260 276 366 325 77 84
Participants’ contributions ................................................. — — 88 50 42 37
Actuarial (gain) / loss......................................................... 136 (86) (811) (393) (74) (151)
Benefits paid ...................................................................... (299) (42) (235) (199) (125) (125)
Plan amendments ............................................................... — (2) — (48) (91) —
Curtailment ........................................................................ (681) 10 (39) (13) 21 26
Settlement .......................................................................... (559) (941) (62) (25) — —
Special termination benefits............................................... 307 — 4 12 60 —
Currency impact................................................................. — —765 445 7 2
Projected benefit obligation—end of year ............................ 3,982 4,688 8,426 8,089 1,323 1,367
Plan assets greater (less) than benefit obligation .................. 276 (363) 1,390 278 (834) (919)
Unrecognized net experience (gain) loss .............................. — (142) — 1,078 — 346
Unrecognized prior service cost (benefit) related to plan
amendments .......................................................................
—3 — (92) —(480)
Net prepaid (accrued) amount recognized ............................ 276 (502) 1,390 1,264 (834) (1,053)
Contributions after measurement date .................................. — —13 25 6 4
Net amount recognized ......................................................... $276 $(502) $1,403 $1,289 $(828) $(1,049)
Accumulated benefit obligation............................................ $3,963 $4,066 $7,677 $7,264
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