IBM 2014 Annual Report Download - page 145

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
144
Defined Contribution Plans
The company contributed $1,239 million and $1,361 million in cash
to the defined contribution plans during the years ended Decem-
ber 31, 2014 and 2013, respectively. In 2015, the company estimates
cash contributions to the defined contribution plans to be approxi-
mately $1.2 billion.
Nonpension Postretirement Benefit Plans
The company contributed $144 million and $80 million to the
nonpension postretirement benefit plans during the years ended
December 31, 2014 and 2013, respectively. These contribution
($ in millions)
Qualified
U.S. Plan
Payments
Nonqualified
U.S. Plans
Payments
Qualified
Non-U.S. Plans
Payments
Nonqualified
Non-U.S. Plans
Payments
Total
Expected
Benefit
Payments
2015 $ 3,449 $113 $ 1,849 $ 348 $ 5,758
2016 3,476 115 1,854 344 5,790
2017 3,492 117 1,880 348 5,837
2018 3,501 118 1,911 357 5,887
2019 3,458 120 1,949 374 5,901
2020–2024 17,566 607 10,290 2,060 30,523
The 2015 expected benefit payments to defined benefit pension plan participants not covered by the respective plan assets (underfunded
plans) represent a component of compensation and benefits, within current liabilities, in the Consolidated Statement of Financial Position.
Nonpension Postretirement Benefit Plan Expected Payments
The following table reflects the total expected benefit payments to nonpension postretirement benefit plan participants. These payments
have been estimated based on the same assumptions used to measure the plans’ APBO at December 31, 2014.
($ in millions)
U.S. Plan
Payments
Qualified
Non-U.S. Plans
Payments
Nonqualified
Non-U.S. Plans
Payments
Total
Expected
Benefit
Payments
2015 $ 426 $ 8 $ 31 $ 465
2016 405 8 35 448
2017 410 9 38 457
2018 412 9 41 463
2019 412 10 44 466
2020–2024 1,871 59 257 2,187
The 2015 expected benefit payments to nonpension postretirement benefit plan participants not covered by the respective plan assets
represent a component of compensation and benefits, within current liabilities, in the Consolidated Statement of Financial Position.
amounts exclude the Medicare-related subsidy discussed on
page 145.
Expected Benefit Payments
Defined Benefit Pension Plan Expected Payments
The following table presents the total expected benefit payments
to defined benefit pension plan participants. These payments
have been estimated based on the same assumptions used to
measure the plans’ PBO at December 31, 2014 and include ben-
efits attributable to estimated future compensation increases,
where applicable.