Lexmark 2010 Annual Report Download - page 119

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Amounts recognized in Accumulated Other Comprehensive Income and Deferred Tax Accounts:
2010 2009 2010 2009
Pension Benefits
Other
Postretirement
Benefits
Net gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(369.8) $(382.8) $(4.1) $(5.9)
Prior service credit (cost) . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.3) — 3.7 7.1
Net amount recognized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(370.1) $(382.8) $(0.4) $ 1.2
The accumulated benefit obligation for all of the Company’s defined benefit pension plans was
$775.3 million and $766.8 million at December 31, 2010 and 2009, respectively.
Pension plans with a benefit obligation in excess of plan assets at December 31:
Benefit
Obligation
Plan
Assets
Benefit
Obligation
Plan
Assets
2010 2009
Plans with projected benefit obligation in excess of plan
assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $680.9 $513.2 $670.3 $500.9
Plans with accumulated benefit obligation in excess of
plan assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 679.2 513.2 668.3 500.9
Components of net periodic benefit cost:
2010 2009 2008 2010 2009 2008
Pension Benefits
Other Postretirement
Benefits
Net Periodic Benefit Cost:
Service cost. . . . . . . . . . . . . . . . . . . . . . . . . $ 3.0 $ 2.5 $ 3.5 $ 1.0 $ 1.2 $ 1.5
Interest cost. . . . . . . . . . . . . . . . . . . . . . . . . 40.5 43.2 45.0 2.2 2.6 2.7
Expected return on plan assets . . . . . . . . . . (47.1) (49.0) (50.0) — — —
Amortization of prior service cost (credit) . . . — — — (3.4) (3.8) (3.9)
Amortization of net loss . . . . . . . . . . . . . . . . 18.5 15.1 11.2 — — 0.5
Settlement, curtailment or special
termination loss (gain) . . . . . . . . . . . . . . . 0.5 8.5 1.7 — (0.5) (0.3)
Net periodic benefit cost . . . . . . . . . . . . . . . . . $ 15.4 $ 20.3 $ 11.4 $(0.2) $(0.5) $ 0.5
Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive
income (“AOCI”) (pre-tax) for the year ended December 31, 2010:
Pension
Benefits
Other
Postretirement
Benefits
New prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.3 $ —
Net loss (gain) arising during the period . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.4 (1.7)
Effect of foreign currency exchange rate changes on amounts included in
AOCI ................................................... (1.0) —
Less amounts recognized as a component of net periodic benefit cost:
Amortization or settlement recognition of net loss . . . . . . . . . . . . . . . . . . (20.2) —
Amortization or curtailment recognition of prior service cost (credit) . . . . — 3.4
Total amount recognized in AOCI for the period . . . . . . . . . . . . . . . . . . . . . (12.5) 1.7
Total amount recognized in net periodic benefit cost and AOCI for the
period................................................... $ 2.9 $1.5
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