Intel 2012 Annual Report Download - page 83
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77
The following table summarizes the amounts recognized on the consolidated balance sheets as of December 29, 2012
and December 31, 2011:
U.S. Pension Benefits
Non-U.S. Pension
Benefits
U.S. Postretirement
Medical Benefits
(In Millions)
2012
2011
2012
2011
2012
2011
Other long-term assets .............................................
$ —
$ —
$ 1
$ 6
$ —
$ —
Accrued compensation and benefits ........................
—
—
(3)
(7)
—
—
Other long-term liabilities..........................................
(1,058)
(832)
(572)
(398)
(293)
(253)
Accumulated other comprehensive loss
(income), before tax .............................................
1,050
1,039
477
330
138
66
Net amount recognized..........................................
$ (8)
$ 207
$ (97)
$ (69)
$ (155)
$ (187)
The following table summarizes the amounts recorded in accumulated other comprehensive income (loss) before taxes,
as of December 29, 2012 and December 31, 2011:
U.S. Pension Benefits
Non-U.S. Pension
Benefits
U.S. Postretirement
Medical Benefits
(In Millions)
2012
2011
2012
2011
2012
2011
Net prior service credit (cost).............................
$ —
$ —
$ 12
$ 14
$ (60)
$ (63)
Net actuarial gain (loss).....................................
(1,050)
(1,039)
(489)
(344)
(78)
(3)
Defined benefit plans, net...............................
$ (1,050)
$ (1,039)
$ (477)
$ (330)
$ (138)
$ (66)
As of December 29, 2012, the accumulated benefit obligation was $562 million for the U.S. Intel Minimum Pension Plan
($426 million as of December 31, 2011) and $1.1 billion for the non-U.S. defined-benefit pension plans ($836 million as of
December 31, 2011). Included in the aggregate data in the following tables are the amounts applicable to our 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:
U.S. Pension Benefits
Non-U.S. Pension
Benefits
(In Millions)
2012
2011
2012
2011
Plans with accumulated benefit obligations in excess of plan
assets:
Accumulated benefit obligations..............................................................
$ —
$ —
$ 813
$ 563
Plan assets ..............................................................................................
$ —
$ —
$ 508
$ 363
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligations ...................................................................
$ 1,742
$ 1,480
$ 1,400
$ 1,064
Plan assets ..............................................................................................
$ 684
$ 648
$ 825
$ 658
Assumptions
Weighted average actuarial assumptions used to determine benefit obligations for the plans as of December 29, 2012 and
December 31, 2011 were as follows:
U.S. Pension Benefits
Non-U.S. Pension
Benefits
U.S. Postretirement
Medical Benefits
2012
2011
2012
2011
2012
2011
Discount rate ........................................
3.9%
4.7%
4.2%
4.9%
3.6%
4.6%
Rate of compensation increase............
4.1%
4.5%
4.0%
4.2%
n/a
n/a