HP 2008 Annual Report Download - page 144
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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 Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
2008 2007 2008 2007 2008 2007
In millions
Change in fair value of plan assets:
Fair value — beginning of year ........... $4,258 $4,325 $ 9,816 $8,367 $ 489 $ 448
Addition of plan — EDS ............... 4,090 — 3,749———
Acquisition/addition/deletion of plans ...... — — 19———
Actual return on plan assets ............. (782) 667 (2,673) 669 (56) 68
Employer contributions ................ 25 124 145 145 52 56
Participants’ contributions .............. — — 84 88 48 42
Benefits paid ........................ (274) (299) (302) (235) (131) (125)
Settlements ......................... (4) (559) (15) (62) — —
Currency impact ..................... — — (1,316) 844 — —
Fair value — end of year ............... 7,313 4,258 9,507 9,816 402 489
Change in benefit obligation:
Projected benefit obligation — beginning of
year ............................ $3,982 $4,688 $ 8,426 $8,089 $1,323 $1,367
Addition of plan — EDS ............... 4,977 — 5,105———
Acquisition/addition/deletion of plans ...... — — 34 — — 8
Service cost ......................... 63 130 282 261 30 31
Interest cost ........................ 296 260 475 366 78 77
Participants’ contributions .............. — — 84 88 48 42
Actuarial (gain) loss .................. (1,386) 136 (2,197) (811) (243) (74)
Benefits paid ........................ (274) (299) (302) (235) (131) (125)
Plan amendments .................... — — — — — (91)
Curtailment ........................ — (681) — (39) — 21
Settlement ......................... (4) (559) (15) (62) — —
Special termination benefits ............. — 307 4 4 — 60
Currency impact ..................... — — (1,428) 765 (9) 7
Projected benefit obligation — end of year .... 7,654 3,982 10,468 8,426 1,096 1,323
Plan assets (less) greater than benefit
obligation .......................... (341) 276 (961) 1,390 (694) (834)
Contributions after measurement date ....... 6 — 38 13 4 6
Net amount recognized .................. $ (335) $ 276 $ (923) $1,403 $ (690) $ (828)
Accumulated benefit obligation ............ $7,652 $3,963 $ 9,726 $7,677
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