Mattel 2014 Annual Report Download - page 84
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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
2014 2013 2012
Defined benefit pension plans:
Discount rate .............................................................. 4.7% 4.0% 4.5%
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 .............................................................. 4.7% 4.0% 4.5%
Annual increase in Medicare Part B premium .................................... 6.0% 6.0% 6.0%
Health care cost trend rate:
Pre-65 ............................................................... 8.5% 8.5% 7.5%
Post-65 ............................................................... 7.5% 7.5% 7.5%
Ultimate cost trend rate:
Pre-65 ............................................................... 6.1% 6.1% 5.0%
Post-65 ............................................................... 5.4% 5.4% 5.0%
Year that the rate reaches the ultimate cost trend rate:
Pre-65 ............................................................... 2030 2030 2017
Post-65 ............................................................... 2030 2030 2017
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 in the locations where 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 credit for the domestic defined benefit pension plans that
will be amortized from accumulated other comprehensive loss into net periodic benefit cost in 2015 is $16.7
million. The estimated net actuarial loss for the domestic postretirement benefit plans that will be amortized from
accumulated other comprehensive loss into net periodic benefit cost in 2015 is $0.1 million.
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