Hasbro 2007 Annual Report Download - page 73

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2007
Transition
Period 2006 2007
Transition
Period 2006
Pension Postretirement
Change in Projected Benefit Obligation
Projected benefit obligation — beginning . . . . . . $ 308,133 309,021 313,937 37,463 36,318 38,505
Service cost. . . . . . . . . . . . . . . . . . . . . . . . . . . 9,437 2,376 10,188 597 148 684
Interest cost. . . . . . . . . . . . . . . . . . . . . . . . . . . 17,435 4,313 16,809 2,105 523 2,047
Actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . (7,901) (2,341) (8,014) (4,100) 1,053 (2,358)
Effect of curtailment . . . . . . . . . . . . . . . . . . . . (18,499) — — — — —
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . (19,781) (5,236) (23,291) (2,339) (579) (2,560)
Expenses paid . . . . . . . . . . . . . . . . . . . . . . . . . (779) — (608) — — —
Projected benefit obligation — ending . . . . . . . . $ 288,045 308,133 309,021 33,726 37,463 36,318
Accumulated benefit obligation — ending . . . . . . $ 288,045 308,133 290,452 33,726 37,463 36,318
Change in Plan Assets
Fair value of plan assets — beginning . . . . . . . . $ 270,926 235,482 208,625 — — —
Actual return on plan assets . . . . . . . . . . . . . . . 30,556 15,147 14,838 — — —
Employer contribution . . . . . . . . . . . . . . . . . . . 2,556 25,533 35,918 — — —
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . (19,781) (5,236) (23,291) — — —
Expenses paid . . . . . . . . . . . . . . . . . . . . . . . . . (779) — (608) — — —
Fair value of plan assets — ending . . . . . . . . . . . $ 283,478 270,926 235,482 — — —
Reconciliation of Funded Status
Projected benefit obligation . . . . . . . . . . . . . . . . $(288,045) (308,133) (309,021) (33,726) (37,463) (36,318)
Fair value of plan assets . . . . . . . . . . . . . . . . . . 283,478 270,926 235,482 — — —
Contributions after measurement date . . . . . . . . . — — 25,533 — — 579
Funded status . . . . . . . . . . . . . . . . . . . . . . . . . $ (4,567) (37,207) (48,006) (33,726) (37,463) (35,739)
Unrecognized net loss. . . . . . . . . . . . . . . . . . . . 17,296 52,958 66,781 5,228 9,692 8,734
Unrecognized prior service cost . . . . . . . . . . . . . 1,862 3,404 2,954 — — —
Net amount recognized . . . . . . . . . . . . . . . . . . . $ 14,591 19,155 21,729 (28,498) (27,771) (27,005)
Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40,485 5,795 — — — —
Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . (5,358) (3,065) (3,065) (2,400) (2,396) (2,396)
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . (39,694) (39,937) (44,941) (31,326) (35,067) (33,343)
Accumulated other comprehensive earnings. . . . . 19,158 56,362 69,735 5,228 9,692 8,734
Net amount recognized . . . . . . . . . . . . . . . . . . . $ 14,591 19,155 21,729 (28,498) (27,771) (27,005)
In fiscal 2008, the Company expects amortization of unrecognized net losses and unrecognized prior
service cost of $993 and $302, respectively, to be included as a component of net periodic benefit cost.
65
HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)