Intel 2006 Annual Report Download - page 89

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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Benefit Obligation and Plan Assets
The changes in the benefit obligations and plan assets for the plans described above were as follows:
The following table summarizes the amounts recognized on the consolidated balance sheet as of December 30, 2006:
77
Post
-
Non
-
retirement
U.S. Pension
U.S. Pension
Medical
Benefits
Benefits
Benefits
(In Millions)
2006
2005
2006
2005
2006
2005
Change in projected benefit obligation:
Beginning benefit obligation
$
317
$
122
$
473
$
327
$
193
$
177
Service cost
4
2
50
31
12
10
Interest cost
13
2
27
18
10
10
Plan participants
’
contributions
—
—
9
7
3
3
Actuarial (gain) loss
13
(7
)
115
146
(8
)
(2
)
Currency exchange rate changes
—
—
43
(44
)
—
—
Plan amendments
—
199
—
—
—
—
Benefits paid to plan participants
(2
)
(1
)
(31
)
(12
)
(6
)
(5
)
Ending projected benefit obligation
$
345
$
317
$
686
$
473
$
204
$
193
Post-
Non
-
retirement
U.S. Pension
U.S. Pension
Medical
Benefits
Benefits
Benefits
(In Millions)
2006
2005
2006
2005
2006
2005
Change in plan assets:
Beginning fair value of plan assets
$
226
$
39
$
340
$
240
$
2
$
4
Actual return on plan assets
12
1
41
41
(1
)
—
Employer contributions
9
187
60
96
3
1
Plan participants
’
contributions
—
—
9
7
3
2
Currency exchange rate changes
—
—
28
(32
)
—
—
Benefits paid to participants
(2
)
(1
)
(31
)
(12
)
(6
)
(5
)
Ending fair value of plan assets
$
245
$
226
$
447
$
340
$
1
$
2
U.S. Pension
Non
-
U.S.
Pension
Postretirement
(In Millions)
Benefits
Benefits
Medical Benefits
Other long
-
term assets
$
—
$
44
$
—
Accrued compensation and benefits
—
(
6
)
(9
)
Other long
-
term liabilities
(100
)
(277
)
(194
)
Accumulated other comprehensive loss
91
208
21
Net amount recognized
$
(9
)
$
(31
)
$
(182
)