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Table of Contents
Information regarding the major funded and unfunded U.S. and Non-U.S. defined benefit plans follows:
The transfers of $206 million in the eight months ended August 31, 2013 represent pre-petition obligations related to the U.S. non-qualified
pension plans which were discharged pursuant to the terms of the Plan. The settlement amounts above of $532 million for the U.S. in the
Successor period are a result of lump sum payments from KRIP. The settlement amounts for the Non-U.S. in the eight months ended
August 31, 2013 are primarily a result of the Global Settlement.
PAGE 103
Successor
Predecessor
Four Months Ended
December 31, 2013
Eight Months Ended
August 31, 2013
Year
-
Ended
December 31, 2012
(in millions)
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period
$
4,970
$
1,073
$
5,575
$
4,264
$
5,259
$
3,652
Transfers
—
—
(
206
)
—
—
—
Service cost
7
2
20
6
48
10
Interest cost
68
11
120
95
206
156
Participant contributions
—
—
—
1
—
2
Plan amendments
—
6
)
—
—
—
—
Benefit payments
(124
)
(29
)
(249
)
(139
)
(422
)
(226
)
Actuarial (gain) loss
(28
)
6
(270
)
(103
)
385
560
Curtailments
—
—
20
)
(7
)
—
(
34
)
Settlements
(532
)
(3
)
—
(
2,892
)
—
(
8
)
Special termination benefits
—
—
—
—
99
—
Currency adjustments
—
20
—
(
152
)
—
152
Projected benefit obligation at end of period
$
4,361
$
1,074
$
4,970
$
1,073
$
5,575
$
4,264
Change in Plan Assets
Fair value of plan assets at beginning of period
$
4,647
$
891
$
4,848
$
2,479
$
4,763
$
2,436
Actual gain on plan assets
192
29
47
79
500
157
Employer contributions
1
5
1
22
7
29
Participant contributions
—
—
—
1
—
2
Settlements
(532
)
(2
)
—
(
1,465
)
—
(
8
)
Benefit payments
(124
)
(29
)
(249
)
(139
)
(422
)
(226
)
Currency adjustments
—
13
—
86
)
—
89
Fair value of plan assets at end of period
$
4,184
$
907
$
4,647
$
891
$
4,848
$
2,479
Under Funded Status at end of period
$
(177
)
$
(167
)
$
(323
)
$
(182
)
$
(727
)
$
(1,785
)
Accumulated benefit obligation at end of period
$
4,309
$
1,054
$
5,497
$
4,233