IBM 2009 Annual Report Download - page 114

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Notes to Consolidated Financial Statements
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
($ in millions)
Defined Benefit Pension Plans
U.S. Plans Non-U.S. Plans
For the year ended December 31: 2009 2008 2007 2009 2008* 2007*
Service cost $ — $ — $ 773 $ 585 $ 660 $ 688
Interest cost 2,682 2,756 2,660 1,898 2,042 1,825
Expected return on plan assets (4,009) (3,978) (3,703) (2,534) (2,725) (2,528)
Amortization of transition assets — — — (0) (0) (3)
Amortization of prior service costs/(credits) 10 (7) 57 (126) (129) (125)
Recognized actuarial losses 411 291 703 624 612 934
Curtailments and settlements — 2 5 (126) (139) 2
Multi-employer plan/other costs — — — 200 82 40
Total net periodic (income)/cost $ (906) $ (936) $ 496 $ 521 $ 402 $ 835
* Reclassified to conform with 2009 presentation.
($ in millions)
Nonpension Postretirement Benefit Plans
U.S. Plan Non-U.S. Plans
For the year ended December 31: 2009 2008 2007 2009 2008 2007
Service cost $ 41 $ 55 $ 69 $10 $ 10 $ 12
Interest cost 289 312 311 51 53 46
Expected return on plan assets — (8) — (8) (10) (11)
Amortization of transition assets — — — 0 0 1
Amortization of prior service costs/(credits) (39) (62) (62) (6) (7) (8)
Recognized actuarial losses — 9 24 11 14 17
Curtailments and settlements — 3 — — (6) —
Total net periodic cost $292 $310 $342 $58 $ 53 $ 57
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