Lexmark 2010 Annual Report Download - page 118

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Obligations and funded status at December 31:
2010 2009 2010 2009
Pension Benefits
Other
Postretirement
Benefits
Change in Benefit Obligation:
Benefit obligation at beginning of year . . . . . . . . . . . . . . . . . $ 770.6 $ 734.4 $ 45.2 $ 45.1
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.0 2.5 1.0 1.2
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.5 43.2 2.2 2.6
Contributions by plan participants. . . . . . . . . . . . . . . . . . . 2.4 2.3 3.8 3.9
Actuarialloss(gain)............................. 26.9 36.5 (1.7) (0.7)
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (60.0) (60.5) (7.3) (6.6)
Foreign currency exchange rate changes . . . . . . . . . . . . . (3.8) 7.9 — —
Plan amendments or adjustments . . . . . . . . . . . . . . . . . . 0.3 (3.3) — —
Settlement, curtailment or special termination (gain) loss . . (1.4) 7.6 — (0.3)
Benefit obligation at end of year . . . . . . . . . . . . . . . . . . . . . 778.5 770.6 43.2 45.2
Change in Plan Assets:
Fair value of plan assets at beginning of year . . . . . . . . . . . 605.9 469.0 — —
Actual return on plan assets. . . . . . . . . . . . . . . . . . . . . . . 63.4 99.7 — —
Contributions by the employer . . . . . . . . . . . . . . . . . . . . . 5.2 89.7 3.5 2.7
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (60.0) (60.5) (7.3) (6.6)
Foreign currency exchange rate changes . . . . . . . . . . . . . (3.2) 7.9 — —
Plan adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.3 (2.2) — —
Contributions by plan participants. . . . . . . . . . . . . . . . . . . 2.4 2.3 3.8 3.9
Fair value of plan assets at end of year . . . . . . . . . . . . . . . . 616.0 605.9 — —
Unfunded status at end of year . . . . . . . . . . . . . . . . . . . . . . $(162.5) $(164.7) $(43.2) $(45.2)
Plan adjustments to Plan Assets during 2010 were related to a reimbursement in Germany of prior year
benefit payments. Plan adjustments during 2009 to both the Benefit Obligation and Plan Assets were
related to the implementation of the Company’s new disclosure policy on immaterial plans.
For 2010 and 2009, the Settlement, curtailment or special termination (gain) loss in the table above were
primarily due to restructuring related activities in France and the U.S., respectively.
Amounts recognized in the Consolidated Statements of Financial Position:
2010 2009 2010 2009
Pension Benefits
Other
Postretirement
Benefits
Noncurrent assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.2 $ 5.5 $ — $ —
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.2) (1.2) (4.5) (3.6)
Noncurrent liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . (166.5) (169.0) (38.7) (41.6)
Net amount recognized . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(162.5) $(164.7) $(43.2) $(45.2)
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