Intel 2003 Annual Report Download - page 80

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Table of Contents
Index to Financial Statements
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The amounts recognized on the balance sheet for the plans described above were as follows:
The accumulated benefit obligations for the plans were as follows:
Included in the aggregate data in the tables below are the aggregate amounts applicable to the company’
s pension plans with accumulated
benefit obligations in excess of plan assets as well as plans with projected benefit obligations in excess of plan assets. Amounts related to such
plans were as follows:
Assumptions
Weighted-average actuarial assumptions used to determine benefit obligations for the plans were as follows:
73
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Postretirement
Medical
Benefits
(In Millions)
2003
2002
2003
2002
2003
2002
Amounts recognized in the balance sheet:
Prepaid benefit cost
$
—
$
4
$
25
$
14
$
—
$
—
Accrued benefit liability
—
—
(
103
)
(82
)
(107
)
(85
)
Deferred tax asset
—
—
—
2
—
—
Accumulated other comprehensive income
—
—
1
6
—
—
Net amount recognized
$
—
$
4
$
(77
)
$
(60
)
$
(107
)
$
(85
)
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Postretirement
Medical
Benefits
(In Millions)
2003
2002
2003
2002
2003
2002
Accumulated benefit obligation
$
28
$
17
$
224
$
167
$
178
$
132
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
(In Millions)
2003
2002
2003
2002
Plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligations
—
—
$
148
$
68
Plan assets
—
—
$
87
$
25
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligations
$
49
$
28
$
306
$
242
Plan assets
$
30
$
23
$
195
$
140
U.S. Pension
Benefits
Non-U.S.
Pension
Benefits
Postretirement
Medical
Benefits
2003
2002
2003
2002
2003
2002
Discount rate
6.0
%
7.0
%
5.5
%
7.9
%
6.0
%
7.0
%
Expected return on plan assets
8.0
%
8.5
%
6.7
%
9.2
%
—
—
Rate of compensation increase
5.0
%
5.0
%
3.5
%
6.8
%
—
—
Future profit
-
sharing contributions
6.0
%
6.0
%
—
—
—
—