ManpowerGroup 2012 Annual Report Download - page 73

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United States Plans Non-United States Plans
Year Ended December 31 2012 2011 2012 2011
Change in Plan Assets
Fair value of plan assets, beginning of year $ 34.7 $ 36.4 $250.4 $226.1
Actual return on plan assets 2.8 (0.4) 21.2 17.4
Curtailments —— —(1.1)
Transfers —— —(1.1)
Plan participant contributions ——2.2 2.4
Company contributions 2.7 3.3 17.7 18.3
Benefits paid (4.2) (4.6) (5.6) (6.6)
Currency exchange rate changes —— 10.5 (5.0)
Fair value of plan assets, end of year $ 36.0 $ 34.7 $ 296.4 $ 250.4
Funded Status at End of Year
Funded status, end of year $ (25.9) $ (22.8) $ (18.8) $ (14.3)
Amounts Recognized
Noncurrent assets $ 11.6 $ 12.2 $ 31.4 $ 29.0
Current liabilities (2.9) (2.8) (0.3) (0.2)
Noncurrent liabilities (34.6) (32.2) (49.9) (43.1)
Net amount recognized $ (25.9) $ (22.8) $ (18.8) $ (14.3)
Amounts recognized in accumulated other comprehensive income, net of tax, consist of:
United States Plans Non-United States Plans
December 31 2012 2011 2012 2011
Net loss $ 15.8 $ 12.8 $ 14.8 $ 7.0
Prior service cost 0.1 0.2 6.3 6.5
Total $ 15.9 $ 13.0 $ 21.1 $ 13.5
The accumulated benefit obligation for our plans that have plan assets was $272.8 and $233.2 as of December 31, 2012
and 2011, respectively. The accumulated benefit obligation for certain of our plans exceeded the fair value of plan assets
as follows:
December 31 2012 2011
Accumulated benefit obligation $ 9.2 $ 6.3
Plan assets 8.5 6.2
The projected benefit obligation for certain of our plans exceeded the fair value of plan assets as follows:
December 31 2012 2011
Projected benefit obligation $ 16.7 $ 41.7
Plan assets 12.4 35.8
In 2012, one of our plans saw an improvement in its funded status and its projected benefit obligation no longer exceeded
its plan assets as of December 31, 2012. As a result, this plan was included in the amounts disclosed above for 2011 but
not for 2012.
By their nature, certain of our plans do not have plan assets. The accumulated benefit obligation for these plans was $70.0
and $61.3 as of December 31, 2012 and 2011, respectively.
71
Notes to Consolidated Financial Statements ManpowerGroup 2012 Annual Report