IBM 2006 Annual Report Download - page 104
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
102 2006 Annual Report
PLAN FINANCIAL INFORMATION
Summary of Financial Information
The following table presents a summary of the total retirement-related benefits net periodic cost/(income) recorded in the Consolidated
Statement of Earnings:
(Dollars in millions)
U.S. PLANS NON-U.S. PLANS TOTAL
FOR THE YEAR ENDED DECEMBER 31: 2006 2005 2004 2006 2005*** 2004 2006 2005*** 2004
Significant defined benefit pension plans* $ $ $ $ $ $ $, $, $
Other defined benefit pension plans**
Supplemental Retention Plan — — —
Total defined benefit pension plans cost $ $ $ $ $ $ $, $, $
IBM Savings Plan and Non-U.S. Plans $ $ $ $ $ $ $ $ $
Executive Deferred Compensation Plan — — —
Total defined contribution plans cost $ $ $ $ $ $ $ $ $
Nonpension postretirement
benefit plans cost $ $ $ $ $ $ $ $ $
Total retirement-related benefits
net periodic cost $, $, $ $, $, $ $, $, $,
* Significant defined benefit pension plans consist of the qualified portion of the PPP in the U.S. and the material non-U.S. Plans. See page 103 for a list of significant plans.
** Other defined benefit pension plans consist of the non-qualified portion of the PPP in the U.S. and the non-material non-U.S. Plans.
The following table presents a summary of the total projected benefit obligation, fair value of plan assets and the associated funded status
recorded in the Consolidated Statement of Financial Position:
(Dollars in millions)
PROJECTED BENEFIT FAIR VALUE FUNDED NET AMOUNT
OBLIGATION OF PLAN ASSETS STATUS RECOGNIZED**
AT DECEMBER 31: 2006 2005+ 2006 2005+ 2006 2005 2005
U.S. Plans:
Overfunded plans:
Qualified portion of the PPP $, $, $, $, $ , $ , $ ,
Underfunded plans:
Non-qualified portion of the PPP $ , $ , $ — $ — $ (,) $ (,) $ (,)
Supplemental Retention Plan — — () () ()
Nonpension Postretirement Benefit Plan , , (,) (,) (,)
Total underfunded U.S. Plans $ , $ , $ $ $ (,) $ (,) $ (,)
Non-U.S. Plans*:
Overfunded plans:
Qualified defined benefit pension plans $, $, $, $, $ , $ , $ ,
Underfunded plans:
Qualified defined benefit pension plans $ , $, $ , $, $ (,) $ (,) $ (,)
Non-qualified defined benefit
pension plans , , — — (,) (,) (,)
Nonpension postretirement benefit plans — — () () ()
Total underfunded non-U.S. plans $, $, $ , $, $ (,) $ (,) $ (,)
Total overfunded plans $, $, $, $, $ , $ , $ ,
Total underfunded plans* $, $, $ , $, $(,) $(,) $(,)
* Excludes non-material non-U.S. defined benefit pension plans; see page 103 for a list of significant plans.
** In 2005, the net amount recognized represented amounts recognized in the Consolidated Statement of Financial Position which included both the funded status as well as any previously
deferred items. At December 31, 2006, in accordance with the provisions of SFAS No. 158, the amount recognized in the Consolidated Statement of Financial Position was equivalent to
the funded status. In both years, the amounts recognized in the Consolidated Statement of Financial Position were recorded as follows: Asset amounts recorded as Prepaid pension assets;
(Liability) amounts recorded as Compensation and benefits (current liability) and Retirement and nonpension postretirement benefit obligations (non-current liability).
+ Amounts have been reclassified to conform with 2006 presentation.
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