ManpowerGroup 2012 Annual Report Download - page 77

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FUTURE CONTRIBUTIONS AND PAYMENTS
During 2013, we plan to contribute $18.0 to our pension plans and to fund our retiree health care payments as incurred.
Projected benefit payments from the plans as of December 31, 2012 were estimated as follows:
Year Pension Plans Retiree Health
Care Plan
2013 $ 11.3 $ 1.6
2014 11.9 1.6
2015 12.3 1.6
2016 13.0 1.6
2017 14.3 1.6
2018–2022 81.8 8.3
Total projected benefit payments $144.6 $16.3
DEFINED CONTRIBUTION PLANS AND DEFERRED COMPENSATION PLANS
We have defined contribution plans covering substantially all permanent United States employees and various other
employees throughout the world. Employees may elect to contribute a portion of their salary to the plans and we match a
portion of their contributions up to a maximum percentage of the employee’s salary. In addition, profit sharing contributions
are made if a targeted earnings level is reached. The total expense for our match and any profit sharing contributions was
$21.5, $24.6 and $23.7 for the years ended December 31, 2012, 2011 and 2010, respectively.
We also have deferred compensation plans in the United States. One of the plans had an asset and liability of $55.5 and
$41.3 as of December 31, 2012 and 2011, respectively.
09.
Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income, net of tax, were as follows:
Year Ended December 31 2012 2011
Foreign currency translation $ 186.8 $ 186.6
Translation loss on net investment hedge, net of income taxes of $(31.3) and $(26.5), respectively (51.1) (43.2)
Translation loss on long-term intercompany loans (73.4) (89.1)
Unrealized gain on investments, net of income taxes of $3.9 and $2.8, respectively 11.8 8.2
Defined benefit pension plans, net of income taxes of $(22.6) and $(19.5), respectively (37.0) (26.5)
Retiree health care plan, net of income taxes of $(1.7) and $(0.5), respectively (2.7) (0.7)
Accumulated other comprehensive income $ 34.4 $ 35.3
10.
Leases
We lease property and equipment primarily under operating leases. Renewal options exist for substantially all leases. Future
minimum payments, by year and in the aggregate, under noncancelable operating leases with any remaining terms consist
of the following as of December 31, 2012:
Year
2013 $210.3
2014 160.4
2015 119.0
2016 87.1
2017 66.8
Thereafter 154.6
Total minimum lease payments $798.2
Rental expense for all operating leases was $245.1, $254.3 and $248.8 for the years ended December 31, 2012, 2011 and
2010, respectively.
75
Notes to Consolidated Financial Statements ManpowerGroup 2012 Annual Report