Kimberly-Clark 2015 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2015 Kimberly-Clark annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

Summarizedfinancialinformationaboutpostretirementplans,excludingdefinedcontributionretirementplans,ispresentedbelow:
Pension Benefits
Other Benefits
Year Ended December 31
2015
2014
2015
2014
Change in Benefit Obligation
Benefitobligationatbeginningofyear $ 6,860
$ 6,164
$ 788
$ 761
Servicecost 38
46
12
13
Interestcost 187
279
32
35
Actuarialloss(gain) (150)
986
(53)
39
Currencyandother (139)
(207)
(8)
(4)
Benefitpaymentsfromplans (235)
(356)
—
—
Directbenefitpayments (12) (10) (54) (56)
Settlements (2,590)
(42)
—
—
Benefitobligationatendofyear 3,959
6,860
717
788
Change in Plan Assets
Fairvalueofplanassetsatbeginningofyear 5,914
5,567
—
—
Actualreturnonplanassets 54
694
—
—
Employercontributions 484
185
—
—
Currencyandother (119)
(142)
—
—
Benefitpayments (235)
(356)
—
—
Settlements (2,590)
(34)
—
—
Fairvalueofplanassetsatendofyear 3,508
5,914
—
—
Funded Status $ (451)
$ (946)
$ (717)
$ (788)
Amounts Recognized in the Balance Sheet
Noncurrentasset-prepaidbenefitcost $ 16
$ 6
$ —
$ —
Currentliability-accruedbenefitcost (11)
(13)
(50)
(51)
Noncurrentliability-accruedbenefitcost (456)
(939)
(667)
(737)
Netamountrecognized $ (451)
$ (946)
$ (717)
$ (788)
InformationforthePrincipalPlansandAllOtherPensionPlans
Principal Plans
All Other
Pension Plans
Total
Year Ended December 31
2015
2014
2015
2014
2015
2014
Projectedbenefitobligation(“PBO”) $ 3,295
$ 6,312
$ 664
$ 548
$ 3,959
$ 6,860
Accumulatedbenefitobligation(“ABO”) 3,253
6,221
594
475
3,847
6,696
Fairvalueofplanassets 3,019
5,559
489
355
3,508
5,914
Approximatelyone-halfofthePBOandfairvalueofplanassetsforthePrincipalPlansrelatetotheU.S.qualifiedandnonqualifiedpensionplans.
45 KIMBERLY-CLARKCORPORATION - 2015 Annual Report