Mattel 2012 Annual Report Download - page 83
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Please find page 83 of the 2012 Mattel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Net periodic benefit cost for Mattel’s domestic defined benefit pension and postretirement benefit plans was
calculated on January 1 of each year using the following assumptions:
For the Year
2012 2011 2010
Defined benefit pension plans:
Discount rate ............................................................. 4.5% 5.2% 5.6%
Weighted average rate of future compensation increases ........................... 3.8% 3.8% 3.8%
Long-term rate of return on plan assets ......................................... 8.0% 8.0% 8.0%
Postretirement benefit plans:
Discount rate ............................................................. 4.5% 5.2% 5.6%
Annual increase in Medicare Part B premium .................................... 6.0% 6.0% 6.0%
Health care cost trend rate:
Pre-65 ............................................................... 7.5% 8.0% 6.0%
Post-65 .............................................................. 7.5% 8.0% 8.0%
Ultimate cost trend rate (pre- and post-65) ...................................... 5.0% 5.0% 5.0%
Year that the rate reaches the ultimate cost trend rate:
Pre-65 ............................................................... 2017 2017 2011
Post-65 .............................................................. 2017 2017 2013
Discount rates, weighted average rates of future compensation increases, and long-term rates of return on
plan assets for Mattel’s foreign defined benefit pension plans differ from the assumptions used for Mattel’s
domestic defined benefit pension plans due to differences in local economic conditions from which the non-US
plans are based. The rates shown in the preceding table are indicative of the weighted average rates of all
Mattel’s defined benefit pension plans given the relative insignificance of the foreign plans to the consolidated
total.
The estimated net actuarial loss and prior service cost for the domestic defined benefit pension plans that
will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal
year is $15.2 million. The estimated net actuarial loss for the domestic postretirement benefit plans that will be
amortized from accumulated other comprehensive loss into net period benefit cost over the next fiscal year is
$0.1 million.
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