HP 2015 Annual Report Download - page 120
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Table of Contents
The weighted-average assumptions used to calculate the projected benefit obligations were as follows:
For the U.S. defined benefit plans, HP adopted a new mortality table in fiscal 2014 to better reflect expected lifetimes of its U.S. plan participants. The
table used is based on a historical demographic study of the plans and increased the projected benefit obligation by approximately $870 million for the year
ended October 31, 2014. The increase in the projected benefit obligation in fiscal 2014 was recognized as a part of the net actuarial loss as included in the
other comprehensive loss which is being amortized over the remaining estimated life of plan participants.
The net amounts recognized for HP's defined benefit and post-retirement benefit plans in HP's Consolidated Balance Sheets were as follows:
The following table summarizes the pretax net actuarial loss (gain) and prior service benefit recognized in Accumulated other comprehensive loss for the
defined benefit and post-retirement benefit plans:
118
Discount rate 4.4% 4.4% 3.0% 3.2% 3.8% 3.6%
Expected increase in compensation levels 2.0% 2.0% 2.5% 2.5% — —
Noncurrent assets $ — $ — $ 532 $ 421 $ — $ —
Current liabilities (37) (35) (42) (43) (46) (47)
Noncurrent liabilities (1,602) (1,742) (3,534) (4,028) (217) (335)
Funded status at end of year $ (1,639) $ (1,777) $ (3,044) $ (3,650) $ (263) $ (382)
Net actuarial loss (gain) $ 1,379 $ 5,161 $ (173)
Prior service benefit — (242) (99)
Total recognized in Accumulated other comprehensive loss $ 1,379 $ 4,919 $ (272)
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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