HP 2014 Annual Report Download - page 118
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 4: Retirement and Post-Retirement Benefit Plans (Continued)
Funded Status
The funded status of the defined benefit and post-retirement benefit plans was as follows:
As of October 31
2014 2013 2014 2013 2014 2013
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
In millions
Change in fair value of plan assets:
Fair value—beginning of year .......... $10,866 $11,536 $16,083 $14,021 $ 396 $ 395
Acquisition/addition of plans ........... — — 8 7 — —
Actual return on plan assets ........... 1,648 629 1,814 1,842 83 32
Employer contributions ............... 27 54 1,019 634 92 102
Participant contributions ..............——64635472
Benefits paid ...................... (558) (1,320) (568) (504) (167) (205)
Settlement ........................ (4) (33) (49) (96) — —
Currency impact .................... — — (801) 116 — —
Fair value—end of year ............... 11,979 10,866 17,570 16,083 458 396
Change in benefit obligation:
Projected benefit obligation—beginning of
year ........................... 11,866 14,237 19,152 18,097 867 1,056
Acquisition/addition of plans ...........——1014——
Service cost ....................... 1 1 308 337 5 6
Interest cost ....................... 569 560 737 676 32 31
Participant contributions ..............——64635472
Actuarial loss (gain) ................. 1,882 (1,579) 2,500 343 22 (85)
Benefits paid ...................... (558) (1,320) (568) (504) (167) (205)
Plan amendments ...................——— 6——
Curtailment ....................... — — (49) 13 — —
Settlement ........................ (4) (33) (49) (100) — —
Special termination benefits ............——503132(5)
Currency impact .................... — — (935) 176 (5) (3)
Projected benefit obligation—end of year . . . 13,756 11,866 21,220 19,152 840 867
Funded status at end of year ............. $(1,777) $(1,000) $ (3,650) $ (3,069) $(382) $ (471)
Accumulated benefit obligation ........... $13,755 $11,865 $20,207 $18,254
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