Memorex 2010 Annual Report Download - page 67

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The benefit obligations and plan assets, changes to the benefit obligations and plan assets, and the funded status of
the defined benefit plan were as follows:
2010 2009 2010 2009
As of December 31,
United States
As of December 31,
International
(In millions)
Change in benefit obligation
Benefit obligation, beginning of year. . . . . . . . . . . . . . . . . . . . . . . . . . $ 96.7 $110.2 $59.2 $57.0
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.7 2.8 0.6 0.7
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.8 5.4 2.8 3.2
Actuarial (gain) loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.9 0.9 (1.5) 4.6
Benefits paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.6) (1.7) (2.1) (3.4)
Settlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9.0) (20.9) — —
Foreign exchange rate changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (1.4) 3.7
Plan amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1.3 2.4
Curtailments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.7) — — —
Special termination benefits (Canada) . . . . . . . . . . . . . . . . . . . . . . . . — — — (9.0)
Projected benefit obligation, end of year . . . . . . . . . . . . . . . . . . . . . . . $ 93.8 $ 96.7 $58.9 $59.2
Change in plan assets
Fair value of plan assets, beginning of year . . . . . . . . . . . . . . . . . . . . $ 64.1 $ 64.1 $59.0 $59.0
Actual return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.3 15.8 4.2 4.6
Foreign exchange rate changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (1.7) 4.4
Company contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.1 6.8 1.8 3.4
Benefits paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.6) (1.7) (2.1) (3.4)
Settlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9.0) (20.9) — —
Special termination benefits (Canada) . . . . . . . . . . . . . . . . . . . . . . . . — — — (9.0)
Fair value of plan assets, end of year . . . . . . . . . . . . . . . . . . . . . . . . $ 70.9 $ 64.1 $61.2 $59.0
Funded status of the plan, end of year. . . . . . . . . . . . . . . . . . . . . . . . $(22.9) $ (32.6) $ 2.3 $ (0.2)
Amounts recognized in the Consolidated Balance Sheets consisted of the following:
2010 2009 2010 2009
As of December 31,
United States
As of December 31,
International
(In millions)
Noncurrent assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 6.4 $ 3.5
Noncurrent liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (22.9) (32.6) (4.1) (3.7)
Accumulated other comprehensive loss — pre-tax . . . . . . . . . . . . . . . . 21.6 27.4 2.7 6.2
64
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)