ManpowerGroup 2014 Annual Report Download - page 84

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82
Notes to Consolidated Financial Statements
Future Contributions and Payments
During 2015, we plan to contribute $12.4 to our pension plans and to fund our retiree health care payments as incurred.
Projected benefit payments from the plans as of December 31, 2014 were estimated as follows:
Year Pension Plans
Retiree Health
Care Plan
2015 $ 9.8 $ 1.3
2016 9.6 1.3
2017 10.9 1.3
2018 11.1 1.2
2019 12.7 1.1
2020–2024 78.0 5.5
Total projected benefit payments $132.1 $11.7
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
$19.8, $22.4 and $21.5 for the years ended December 31, 2014, 2013 and 2012, respectively.
We also have deferred compensation plans in the United States. One of the plans had an asset and liability of $80.0 and
$69.4 as of December 31, 2014 and 2013, respectively.
Note 09. Accumulated Other Comprehensive (Loss) Income
The components of accumulated other comprehensive (loss) income, net of tax, were as follows:
December 31 2014 2013
Foreign currency translation $ (26.4) $ 239.5
Translation loss on net investment hedge, net of income taxes of $(16.4) and $(36.7), respectively (24.5) (60.6)
Translation loss on long-term intercompany loans (73.4) (73.6)
Unrealized gain on investments, net of income taxes of $3.7 and $1.6, respectively 16.7 11.5
Defined benefit pension plans, net of income taxes of $(30.1) and $(21.8), respectively (52.1) (39.7)
Retiree health care plan, net of income taxes of $2.4 and $2.7, respectively 4.5 5.1
Accumulated other comprehensive (loss) income $ (155.2) $ 82.2
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
in millions, except share and per share data