HP 2011 Annual Report Download - page 140
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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
2011 2010 2011 2010 2011 2010
In millions
Change in fair value of plan assets:
Fair value—beginning of year ........... $ 9,427 $ 8,371 $12,760 $11,325 $ 374 $ 352
Acquisition/addition/(deletion) of plans ....——51———
Actual return on plan assets ............ 1,389 1,224 20 1,430 56 56
Employer contributions ............... 279 290 458 482 24 25
Participants’ contributions ..............——65725549
Benefits paid ....................... (424) (440) (450) (366) (115) (108)
Settlements ........................ (9) (18) (49) (73) — —
Currency impact ..................... — — 325 (110) — —
Fair value—end of year ............... 10,662 9,427 13,180 12,760 394 374
Change in benefit obligation:
Projected benefit obligation—beginning of
year ............................ $10,902 $10,034 $16,089 $14,144 $ 845 $ 992
Acquisition/addition/(deletion) of plans ....——36 59—
Service cost ........................ 1 1 343 319 9 12
Interest cost ........................ 594 578 694 658 35 47
Participants’ contributions ..............——65725549
Actuarial loss (gain) .................. 881 747 (632) 1,514 (23) (120)
Benefits paid ....................... (424) (440) (450) (366) (115) (109)
Plan amendments .................... — — (154) (26) — (28)
Curtailment ........................———(12)——
Settlement ......................... (9) (18) (50) (73) — —
Special termination benefits ............——1629——
Currency impact ..................... — — 371 (175) 1 2
Projected benefit obligation—end of year .... 11,945 10,902 16,328 16,089 816 845
Plan assets less than benefit obligation ...... (1,283) (1,475) (3,148) (3,329) (422) (471)
Net amount recognized ................. $(1,283) $(1,475) $ (3,148) $ (3,329) $(422) $(471)
Accumulated benefit obligation ........... $11,943 $10,900 $15,413 $15,204
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