IBM 2015 Annual Report Download - page 132

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
130
Defined Benefit Pension and Nonpension Postretirement
Benefit Plan Financial Information
The following tables through page132 represent financial informa-
tion for the company’s retirement-related benefit plans, excluding
defined contribution plans. The defined benefit pension plans
under U.S. Plans consists of the Qualified PPP, the Excess PPP
and the Retention Plan. The defined benefit pension plans and
the nonpension postretirement benefit plans under non-U.S. Plans
consists of all plans sponsored by the company’s subsidiaries. The
nonpension postretirement benefit plan under U.S. Plan consists
of only the U.S. Nonpension Postretirement Benefit Plan.
The tables below present the components of net periodic
(income)/cost of the retirement-related benefit plans recognized
in the Consolidated Statement of Earnings, excluding defined con-
tribution plans.
($ inmillions)
Defi ned Benefi t Pension Plans
U.S. Plans Non-U.S. Plans
For the year ended December 31: 2015 2014 2013 2015 2014 2013
Service cost $ — $ — $ — $ 454 $ 449 $ 501
Interest cost 2,028 2,211 1,980 1,075 1,533 1,524
Expected return on plan assets (3,953) (4,096) (3,981) (1,919) (2,247) (2,195)
Amortization of transition assets ——— 000
Amortization of prior service costs/(credits) 10 10 10 (98) (111) (119)
Recognized actuarial losses 1,654 1,056 1,790 1,581 1,400 1,600
Curtailments and settlements ———35 26 0
Multi-employer plans/other costs* ———293 217 85
Total net periodic (income)/cost $ (261) $ (818) $ (202) $ 1,421 $ 1,267 $ 1,396
($ inmillions)
Nonpension Postretirement Benefi t Plans
U.S. Plan Non-U.S. Plans
For the year ended December 31: 2015 2014 2013 2015 2014 2013
Service cost $ 24 $ 26 $ 35 $ 7 $ 7 $10
Interest cost 163 187 164 50 63 60
Expected return on plan assets 00 (1) (7) (9) (9)
Amortization of transition assets ——— 000
Amortization of prior service costs/(credits) (7) (7) — (5) (5) (5)
Recognized actuarial losses 39 02110 11 23
Curtailments and settlements ——— 000
Total net periodic cost $218 $206 $218 $55 $66 $79
* The non-U.S. plans amount includes $233million and $148million related to the IBM Spain pension litigation for 2015 and 2014, respectively. See page132 for additional information.