ManpowerGroup 2014 Annual Report Download - page 78

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76
Notes to Consolidated Financial Statements
United States Plans Non-United States Plans
Year Ended December 31 2014 2013 2014 2013
Change in Plan Assets
Fair value of plan assets, beginning of year $ 39.1 $ 36.0 $ 305.8 $ 296.4
Actual return on plan assets 3.0 4.6 71.6 (4.2)
Plan participant contributions ——0.3 0.4
Company contributions 2.6 2.9 11.8 15.0
Benefits paid (4.1) (4.4) (6.9) (6.7)
Currency exchange rate changes ——(33.5) 4.9
Fair value of plan assets, end of year $ 40.6 $ 39.1 $ 349.1 $ 305.8
Funded Status at End of Year
Funded status, end of year $ (16.0) $ (14.7) $ (36.3) $ (25.8)
Amounts Recognized
Noncurrent assets $ 16.0 $ 17.2 $ 32.2 $ 30.8
Current liabilities (2.3) (2.9) (0.3) (0.2)
Noncurrent liabilities (29.7) (29.0) (68.2) (56.4)
Net amount recognized $ (16.0) $ (14.7) $ (36.3) $ (25.8)
Amounts recognized in accumulated other comprehensive (loss) income, net of tax, consist of:
United States Plans Non-United States Plans
December 31 2 014 2013 2014 2013
Net loss $ 11.3 $ 9.5 $ 36.0 $ 25.3
Prior service cost —0.1 4.8 4.8
Total $ 11.3 $ 9.6 $ 40.8 $ 30.1
The accumulated benefit obligation for our plans that have plan assets was $340.7 and $291.7 as of December 31, 2014
and 2013, respectively. The accumulated benefit obligation for certain of our plans exceeded the fair value of plan assets
as follows:
December 31 2014 2013
Accumulated benefit obligation $ 10.8 $ 10.3
Plan assets 9.6 9.8
The projected benefit obligation for certain of our plans exceeded the fair value of plan assets as follows:
December 31 2014 2013
Projected benefit obligation $ 52.1 $ 53.4
Plan assets 42.0 44.8
By their nature, certain of our plans do not have plan assets. The accumulated benefit obligation for these plans was $76.1
and $68.4 as of December 31, 2014 and 2013, respectively.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
in millions, except share and per share data