Lexmark 2011 Annual Report Download - page 131

Download and view the complete annual report

Please find page 131 of the 2011 Lexmark 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 164

  • 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
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive
income (“AOCI”) (pre-tax) for the years ended December 31:
Pension
Benefits
2011
Other
Postretirement
Benefits
2011
Total
2011
Pension
Benefits
2010
Other
Postretirement
Benefits
2010
Total
2010
Pension
Benefits
2009
Other
Postretirement
Benefits
2009
Total
2009
New prior service
cost .............. $ — $ — $ — $ 0.3 $ — $ 0.3 $ — $ — $ —
Net loss (gain) arising
during the period . . . 98.3 (1.4) 96.9 8.4 (1.7) 6.7 (14.2) (1.1) (15.3)
Effect of foreign
currency exchange
rate changes on
amounts included in
AOCI ............ (0.9) — (0.9) (1.0) — (1.0) 2.1 — 2.1
Less amounts
recognized as a
component of net
periodic benefit cost:
Amortization or
curtailment
recognition of prior
service cost
(credit) ........... (0.1) 3.4 3.3 — 3.4 3.4 — 4.4 4.4
Amortization or
settlement
recognition of net
loss .............. (21.2) — (21.2) (20.2) — (20.2) (15.2) — (15.2)
Total amount
recognized in AOCI
for the period ...... 76.1 2.0 78.1 (12.5) 1.7 (10.8) (27.3) 3.3 (24.0)
Total amount
recognized in net
periodic benefit cost
and AOCI for the
period ............ $94.1 $ 1.3 $ 95.4 $ 2.9 $ 1.5 $ 4.4 $ (7.0) $ 2.8 $ (4.2)
The estimated net loss for the defined benefit pension plans that will be amortized from Accumulated
other comprehensive earnings (loss) into net periodic benefit cost over the next fiscal year is
$26 million. The estimated prior service credit for the other defined benefit postretirement plans that will
be amortized from Accumulated other comprehensive earnings (loss) into net periodic benefit cost over
the next fiscal year is $0.2 million.
Assumptions:
Pension
Benefits
Other
Postretirement
Benefits
2011 2010 2011 2010
Weighted-Average Assumptions Used to Determine Benefit
Obligations at December 31:
Discount Rate ............................................... 4.5% 5.2% 4.0% 4.7%
Rate of compensation increase ................................. 2.6% 2.6% 4.0% 4.0%
127