Hasbro 2010 Annual Report Download - page 80
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Reconciliations of the beginning and ending balances for the years ended December 26, 2010 and
December 27, 2009 for the projected benefit obligation and the fair value of plan assets are included below.
2010 2009 2010 2009
Pension Postretirement
Change in Projected Benefit Obligation
Projected benefit obligation — beginning ................. $306,220 300,334 30,873 32,583
Service cost ....................................... 2,018 1,642 609 627
Interest cost ....................................... 17,014 17,358 1,795 1,903
Actuarial loss (gain)................................. 28,197 20,972 2,903 (2,291)
Plan amendment ................................... — — 273 —
Benefits paid ...................................... (18,647) (20,531) (1,961) (1,949)
Settlements ....................................... — (12,272) — —
Expenses paid ..................................... (1,290) (1,283) — —
Projected benefit obligation — ending ................... $333,512 306,220 34,492 30,873
Accumulated benefit obligation — ending ................. $333,512 306,220 34,492 30,873
Change in Plan Assets
Fair value of plan assets — beginning .................... $250,378 231,742 — —
Actual return on plan assets ........................... 36,321 37,818 — —
Employer contribution ............................... 3,383 14,904 — —
Benefits and settlements paid .......................... (18,647) (32,803) — —
Expenses paid ..................................... (1,290) (1,283) — —
Fair value of plan assets — ending ...................... $270,145 250,378 — —
Reconciliation of Funded Status
Projected benefit obligation ........................... $(333,512) (306,220) (34,492) (30,873)
Fair value of plan assets .............................. 270,145 250,378 — —
Funded status...................................... (63,367) (55,842) (34,492) (30,873)
Unrecognized net loss ............................... 87,553 80,201 4,045 1,142
Unrecognized prior service cost . . ...................... 923 1,122 273 —
Net amount recognized .............................. $ 25,109 25,481 (30,174) (29,731)
Accrued liabilities .................................. $ (2,940) (2,811) (2,400) (2,400)
Other liabilities .................................... (60,427) (53,031) (32,092) (28,473)
Accumulated other comprehensive earnings ............... 88,476 81,323 4,318 1,142
Net amount recognized .............................. $ 25,109 25,481 (30,174) (29,731)
In fiscal 2011, the Company expects amortization of unrecognized net losses and unrecognized prior
service cost related to its defined benefit pension plans of $4,623 and $198, respectively, to be included as a
component of net periodic benefit cost. The Company expects amortization of unrecognized net losses and
unrecognized prior service cost in 2011 related to its postretirement plan of $38 and $29, respectively.
70
HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)