IBM 2005 Annual Report Download - page 89
Download and view the complete annual report
Please find page 89 of the 2005 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100
-
101
-
102
-
103
-
104
-
105
 |
 |
NotestoConsolidatedFinancialStatements
INTERNATIONALBUSINESSMACHINESCORPORATION ANDSUBSIDIARYCOMPANIES
88_ NotestoConsolidatedFinancialStatements
PlanFinancialInformation
SUMMARY OF FINANCIAL INFORMATION
The following table presents a summary of the total retirement-related benefit plan cost/(income) included in the Consolidated
StatementofEarnings:
(Dollarsinmillions)
U.S. PLANS NON-U.S. PLANS TOTALS
FORTHEYEARENDEDDECEMBER31: 2005 2004 2003 2005 2004 2003 2005 2004 2003
Significantdefinedbenefit
pensionplans* $««««381 $«««30 $«(692) $««««729 $«««65 $«(111) $«1,110 $««««««95 $«(803)
Otherdefinedbenefitpensionplans** «125 «110 «107 «136 «187 «100 «««261 «297 «207
SupplementalExecutiveRetentionPlan «9 «22 «25 «— «— «— «««9«22 «25
Total defined benefit pension plans
cost/(income) «515 «162 «(560) «865 «252 «(11) «««1,380 «414 «(571)
IBMSavingsPlanandNon-U.S.Plans «331 «329 «324 337 320 265 «««668 «649 «589
ExecutiveDeferredCompensationPlan «10 «9 «9 «— «— «— «««10 «9 «9
Total defined contribution plans cost «341 «338 «333 «337 «320 «265 «««678 «658 «598
NonpensionPostretirement
BenefitPlansCost 332 327 294 47 45 41 379 372 335
Total retirement-related
benefits cost «$«1,188 $«827 «$««««67 «$«1,249 «$«617 «$««295 ««$«2,437 «$«1,444 «$««362
* Significantdefinedbenefit pension plansconsistofthequalifiedportionoftheIBMPPPintheU.S.andthematerialnon-U.S.Plans.Seetableonpage 89 forcomponentsof
net periodiccost/(income).
** Otherdefinedbenefitpensionplansconsistoftheunfundednon-qualifiedportionoftheIBMPPPintheU.S.andthe non-materialnon-U.S.Plans.
Thefollowingtablepresentsasummaryofthetotalprojectedbenefitobligation,fairvalueofplanassetsand the associated asset/
(liability)positionincludedintheConsolidatedStatementofFinancialPosition:
(Dollarsinmillions)
ASSET/(LIABILITY)
PROJECTEDBENEFIT FAIRVALUE RECORDEDINSTATEMENT
OBLIGATION OFPLANASSETS OFFINANCIALPOSITION
FORTHEYEARENDEDDECEMBER31: 2005 2004 2005 2004 2005 2004
U.S.Plans:
QualifiedportionoftheIBMPPP $«46,405 $«44,637 $«48,542 $«44,845 $«13,876 $«12,543
Non-qualifiedportionoftheIBMPPP 1,135 1,116 ——(1,090) (968)
SupplementalExecutive
RetentionPlan 204 191 ——(207) (203)
U.S. Nonpension Postretirement
Benefit Plan 5,892 5,894 66 50 (5,095) (5,299)
TotalU.S.Plans «53,636 «51,838 «48,608 «44,895 «««7,484 «««6,073
Non-U.S.Plans*:
Qualifieddefinedbenefit
pensionplans «32,407 «34,235 «31,510 «31,140 «««10,251 «««11,274
Non-qualified defined benefit
pension plans 4,277 4,495 «— «— (4,099) (4,290)
Non-U.S.Nonpension
PostretirementBenefitPlan 585 518 ——(344) (322)
TotalNon-U.S.Plans 37,269 39,248 31,510 31,140 5,808 6,662
Total $«90,905 $«91,086 $«80,118 $«76,035 $«13,292 $«12,735
*Excludesnon-materialnon-U.S.definedbenefitpensionplans.