IBM 2006 Annual Report Download - page 105
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Black
MAC
390 CG10
(Dollars in millions)
NONPENSION POSTRETIREMENT
SIGNIFICANT DEFINED BENEFIT PENSION PLANS BENEFIT PLANS
U.S. PLAN NON-U.S. PLANS U.S. PLAN
FOR THE YEAR ENDED DECEMBER 31: 2006 2005 2004 2006 2005 2004 2006 2005 2004
Service cost $ $ $ $ $ $ $ $ $
Interest cost , , , , , ,
Expected return on plan assets (,) (,) (,) (,) (,) (,) — — —
Amortization of transition assets — — () () () () — — —
Amortization of prior service
costs/(credits) () () () ()
Settlement of certain legal claims — — — — — — — —
Recognized actuarial losses
Plan amendments/
curtailments/settlements — — — — — — —
Total net periodic cost $ $ $ $ $ $ $ $ $
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
103
Defined Benefit Pension and Nonpension Post-
Retirement Benefit Plan Financial Information
The following represents financial information for the company’s
significant retirement-related benefit plans. The significant defined
benefit pension plans consist of the qualified portion of the PPP in the
U.S. and material non-U.S. pension plans, including plans in Germany,
the United Kingdom, Japan, the Netherlands, Canada, Switzerland
and Spain. In 2006, certain non-U.S. pension plans were no longer
considered material and, accordingly, prior-year amounts presented
have been reclassified to conform with current-year presentation. The
significant nonpension postretirement benefit plans represents the
U.S. nonpension postretirement benefit plan.
The following table presents the components of net periodic pen-
sion cost/(income) and net periodic postretirement benefit cost/
(income) of the significant retirement-related benefit plans recog-
nized in the Consolidated Statement of Earnings: