Honda 2008 Annual Report Download - page 90

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A n n u a l R e p o r t 2 0 0 8
8 8
Amounts recognized in the consolidated balance sheets consist of:
Yen (millions)
Japanese plans Foreign plans
2007 2008 2007 2008
Noncurrent assets ¥ 3,283 ¥ 1,573 ¥ 51,000 ¥ 88,603
Current liabilities (5,272) (5,524) (6) (2)
Noncurrent liabilities (421,595) (512,443) (36,284) (27,853)
Total ¥(423,584) ¥(516,394) ¥ 14,710 ¥ 60,748
Amounts recognized in accumulated other comprehensive income consist of:
Yen (millions)
Japanese plans Foreign plans
2007 2008 2007 2008
Actuarial loss (gain) ¥331,485 ¥406,128 ¥ 57,578 ¥ 19,710
Net transition obligation 1,741 —279 234
Prior service cost (benefit) (68,507) (61,218) 8,064 7,389
Total ¥264,719 ¥344,910 ¥ 65,921 ¥ 27,333
Pension plans with accumulated benefit obligations in excess of plan assets:
Yen (millions)
Japanese plans Foreign plans
2007 2008 2007 2008
Projected benefit obligations ¥(1,164,971) ¥(1,217,213) ¥(4,403) ¥(2,892)
Accumulated benefit obligations (1,054,331) (1,104,923) (3,888) (2,686)
Fair value of plan assets 740,407 699,848 2,476 1,346
Reconciliations of beginning and ending balances of the pension benefits obligations and the fair value of the plan assets
are as follows:
U.S. dollars (millions) (note 2)
Japanese plans Foreign plans
2008 2008
Change in benefit obligations:
Benefit obligations at beginning of year $(12,041) $(4,339)
Service cost (411) (302)
Interest cost (241) (246)
Plan participants’ contributions — (1)
Actuarial gain (loss) (7) 445
Benefits paid 390 46
Amendment — (0)
Business combination — —
Foreign exchange translation — 621
Benefit obligations at end of year $(12,310) $(3,776)
Change in plan assets:
Fair value of plan assets at beginning of year 7,814 4,486
Actual return on plan assets (622) 239
Employer contributions 354 366
Plan participants’ contributions — 1
Benefits paid (390) (46)
Business combination — —
Foreign exchange translation — (663)
Fair value of plan assets at end of year $ 7,156 $ 4,383
Funded status $ (5,154) $ 607