Hasbro 2014 Annual Report Download - page 99

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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
Reconciliations of the beginning and ending balances for the projected benefit obligation, the fair value of
plan assets and the funded status are included below for the years ended December 28, 2014 and December 29,
2013.
Pension Postretirement
2014 2013 2014 2013
Change in Projected Benefit Obligation
Projected benefit obligation — beginning .......... $332,774 391,681 27,174 36,969
Service cost ................................. 1,824 2,579 543 750
Interest cost ................................. 16,209 15,597 1,337 1,380
Actuarial (gain) loss ........................... 59,640 (45,170) 796 (5,617)
Curtailment ................................. — 2,958 — —
Plan amendment .............................. — — — (4,408)
Benefits paid ................................ (25,690) (17,213) (1,833) (1,900)
Settlements .................................. — (16,213) — —
Expenses paid ................................ (1,689) (1,445) — —
Projected benefit obligation — ending ............ $383,068 332,774 28,017 27,174
Accumulated benefit obligation — ending ......... $383,068 332,774 28,017 27,174
Change in Plan Assets
Fair value of plan assets — beginning ............. $273,337 273,575 — —
Actual return on plan assets ..................... 20,385 30,619 — —
Employer contribution ......................... 5,667 4,014 — —
Benefits paid ................................ (25,690) (17,213) — —
Settlements .................................. — (16,213) — —
Expenses paid ................................ (1,689) (1,445) — —
Fair value of plan assets — ending ............... $272,010 273,337 — —
Reconciliation of Funded Status
Projected benefit obligation ..................... $(383,068) (332,774) (28,017) (27,174)
Fair value of plan assets ........................ 272,010 273,337 — —
Funded status ................................ (111,058) (59,437) (28,017) (27,174)
Unrecognized net loss (gain) .................... 123,968 69,716 782 (15)
Unrecognized prior service cost (credit) ........... 187 — (3,401) (3,857)
Net amount recognized ........................ $ 13,097 10,279 (30,636) (31,046)
Accrued liabilities ............................ $ (2,990) (2,978) (2,100) (2,100)
Other liabilities .............................. (108,068) (56,459) (25,917) (25,074)
Accumulated other comprehensive earnings (loss) . . . 124,155 69,716 (2,619) (3,872)
Net amount recognized ........................ $ 13,097 10,279 (30,636) (31,046)
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