HP 2010 Annual Report Download - page 142
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 16: 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
2010 2009 2010 2009 2010 2009
In millions
Change in fair value of plan assets:
Fair value—beginning of year .......... $ 8,371 $ 7,313 $11,325 $ 9,507 $ 352 $ 401
Acquisition/addition/(deletion) of plans . . .———(4)——
Actual return on plan assets ........... 1,224 1,509 1,430 856 56 (15)
Employer contributions ............... 290 55 482 531 25 31
Participants’ contributions .............——7284499
Benefits paid ...................... (440) (488) (366) (449) (108) (74)
Settlements ........................ (18) (18) (73) (125) — —
Currency impact .................... — — (110) 925 — —
Fair value—end of year ............... 9,427 8,371 12,760 11,325 374 352
Change in benefit obligation:
Projected benefit obligation—beginning of
year ........................... $10,034 $ 7,654 $14,144 $10,468 $ 992 $1,096
Acquisition/addition/(deletion) of plans . . . — — 5 (40) — (9)
Impact of change in measurement date . . . — 21 — 49 — 1
Service cost ....................... 1 27 319 312 12 14
Interest cost ....................... 578 592 658 619 47 70
Participants’ contributions .............——7284499
Actuarial loss (gain) ................. 747 2,245 1,514 2,106 (120) 60
Benefits paid ...................... (440) (488) (366) (449) (109) (74)
Plan amendments ................... — 1 (26) (11) (28) (179)
Curtailment ....................... — — (12) (22) — —
Settlement ........................ (18) (18) (73) (125) — —
Special termination benefits ............——2955——
Currency impact .................... — — (175) 1,098 2 4
Projected benefit obligation—end of year . . . 10,902 10,034 16,089 14,144 845 992
Plan assets less than benefit obligation ..... (1,475) (1,663) (3,329) (2,819) (471) (640)
Net amount recognized ................. $(1,475) $(1,663) $(3,329) $ (2,819) $(471) $ (640)
Accumulated benefit obligation ........... $10,900 $10,031 $15,204 $13,217
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