Hasbro 2009 Annual Report Download - page 83

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Reconciliations of the beginning and ending balances for the years ended December 27, 2009 and
December 28, 2008 for the projected benefit obligation and the fair value of plan assets are included below.
2009 2008 2009 2008
Pension Postretirement
Change in Projected Benefit Obligation
Projected benefit obligation — beginning ................. $300,334 288,045 32,583 33,726
Service cost ....................................... 1,642 1,597 627 570
Interest cost ....................................... 17,358 17,714 1,903 2,065
Actuarial loss (gain)................................. 20,972 9,253 (2,291) (1,668)
Effect of curtailment ................................ — 1,019 — —
Benefits paid ...................................... (20,531) (16,385) (1,949) (2,110)
Settlements ....................................... (12,272) — — —
Expenses paid ..................................... (1,283) (909) — —
Projected benefit obligation — ending ................... $306,220 300,334 30,873 32,583
Accumulated benefit obligation — ending ................. $306,220 300,334 30,873 32,583
Change in Plan Assets
Fair value of plan assets — beginning .................... $231,742 283,478 — —
Actual return on plan assets ........................... 37,818 (37,000) — —
Employer contribution ............................... 14,904 2,558 — —
Benefits and settlements paid .......................... (32,803) (16,385) — —
Expenses paid ..................................... (1,283) (909) — —
Fair value of plan assets — ending ...................... $250,378 231,742 — —
Reconciliation of Funded Status
Projected benefit obligation ........................... $(306,220) (300,334) (30,873) (32,583)
Fair value of plan assets .............................. 250,378 231,742 — —
Funded status...................................... (55,842) (68,592) (30,873) (32,583)
Unrecognized net loss ............................... 80,201 86,518 1,142 3,444
Unrecognized prior service cost . . ...................... 1,122 1,388 — —
Net amount recognized .............................. $ 25,481 19,314 (29,731) (29,139)
Accrued liabilities .................................. $ (2,811) (14,431) (2,400) (2,400)
Other liabilities .................................... (53,031) (54,161) (28,473) (30,183)
Accumulated other comprehensive earnings ............... 81,323 87,906 1,142 3,444
Net amount recognized .............................. $ 25,481 19,314 (29,731) (29,139)
In fiscal 2010, the Company expects amortization of unrecognized net losses and unrecognized prior
service cost related to its defined benefit pension plans of $4,115 and $198, respectively, to be included as a
component of net periodic benefit cost. The Company does not expect any amortization of unrecognized net
losses in 2010 related to its postretirement plan.
73
HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)