IBM 2006 Annual Report Download - page 106
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The following table presents the changes in the pension benefit and postretirement nonpension benefit obligations (benefit obligations) and plan
assets of the significant retirement-related benefit plans:
(Dollars in millions)
NONPENSION POSTRETIREMENT
SIGNIFICANT DEFINED BENEFIT PENSION PLANS BENEFIT PLANS
U.S. PLAN NON-U.S. PLANS U.S. PLAN
AT DECEMBER 31: 2006 2005 2006 2005 2006 2005
Change in benefit obligation:
Benefit obligation at beginning of year $, $, $, $, $ , $ ,
Service cost
Interest cost , , , ,
Plan participants’ contributions — — — —
Acquisitions/divestitures, net — () — ()
Actuarial losses/(gains) () , () ,
Benefits paid from trust (,) (,) (,) (,) — —
Direct benefit payments — — () () () ()
Foreign exchange impact — — , (,) — —
Medicare subsidy — — — — () ()
Plan amendments/curtailments/settlements — () () () — —
Benefit obligation at end of year $, $, $, $, $ , $ ,
Change in plan assets:
Fair value of plan assets at
beginning of year $, $, $, $, $ $
Actual return on plan assets , , , ,
Employer contributions — , ,
Acquisitions/divestitures, net — () () — —
Plan participants’ contributions — —
Benefits paid from trust (,) (,) (,) (,) () ()
Foreign exchange impact — — , (,) — —
Fair value of plan assets at end of year $, $, $, $, $ $
Funded status at end of year $ , $ , $ (,) $ (,) $(,) $(,)
Unrecognized net actuarial losses N/A $, N/A $, N/A $
Unrecognized prior service costs/(credits) N/A N/A () N/A ()
Unrecognized net transition
assets/(obligations) N/A — N/A () N/A —
Net prepaid assets/(accrued benefit
liabilities) recognized in the Consolidated
Statement of Financial Position N/A $, N/A $ , N/A $(,)
Accumulated benefit obligation $, $, $, $, N/A N/A
N/A—Not applicable. In accordance with the provisions of SFAS No. 158, the funded status was recognized in the Consolidated Statement of Financial Position and any unrecognized
gains/(losses), prior service costs/(credits) and transition assets/(obligations) were recognized in the Consolidated Statement of Stockholders’ Equity at December 31, 2006. See note A,
“Significant Accounting Policies,” on pages 67 and 68 for further information.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
104 2006 Annual Report
Consolidated Statements .........................................................
Notes .....................................................................................
A-G .........................................................................................
H-M .........................................................................................
N-S ..........................................................................................
T-X ..........................................................................................
T. Rental Expense and Lease Commitments .......................
U. Stock-Based Compensation ............................................
V. Retirement-Related Benefits .........................................
W. Segment Information....................................................
X. Subsequent Events ........................................................
Black
MAC
390 CG10