Lexmark 2015 Annual Report Download - page 114

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110
Amounts recognized in the Consolidated Statements of Financial Position:
Pension Benefits
Other Postretirement Benefits
2015
2014
2015
2014
Noncurrent assets
$
5.3
$
4.2
$
–
$
–
Current liabilities
(1.4)
(1.4)
(2.9)
(3.3)
Noncurrent liabilities
(160.9)
(167.5)
(19.6)
(22.9)
Net amount recognized
$
(157.0)
$
(164.7)
$
(22.5)
$
(26.2)
Amounts recognized in Accumulated Other Comprehensive Income (“AOCI”) and Deferred Tax Accounts:
Pension Benefits
Other Postretirement Benefits
2015
2014
2015
2014
Prior service credit (cost)
$
0.4
$
0.4
$
0.7
$
1.3
The accumulated benefit obligation for all of the Company’s defined benefit pension plans was $810.8 million and $870.0 million at
December 31, 2015 and 2014, respectively.
Pension plans with a benefit obligation in excess of plan assets at December 31:
2015
2014
Benefit
Benefit
Obligation
Plan Assets
Obligation
Plan Assets
Plans with projected benefit obligation in excess of plan
assets
$
744.4
$
582.1
$
880.7
$
711.8
Plans with accumulated benefit obligation in excess of
plan assets
729.6
582.1
867.2
711.8
Components of net periodic benefit cost:
Other
Pension
Postretirement
Benefits
Benefits
2015
2014
2013
2015
2014
2013
Net Periodic Benefit Cost:
Service cost
$
6.5
$
4.4
$
4.8
$
0.3
$
0.6
$
0.7
Interest cost
30.6
35.1
32.3
0.8
1.1
1.1
Expected return on plan assets
(45.1)
(44.6)
(43.0)
–
–
–
Amortization of prior service cost (credit)
–
–
–
(0.7)
(0.7)
(0.8)
Immediate recognition of net loss (gain)
10.6
82.9
(80.6)
(1.9)
(2.4)
(2.4)
Net periodic benefit cost
$
2.6
$
77.8
$
(86.5)
$
(1.5)
$
(1.4)
$
(1.4)