Memorex 2010 Annual Report Download - page 68

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Amounts recognized in accumulated other comprehensive loss consisted of the following:
2010 2009 2010 2009
As of December 31,
United States
As of December 31,
International
(In millions)
Net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21.6 $27.0 $ 7.3 $ 8.0
Prior service cost (credit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 0.4 (6.7) (3.7)
Transition asset obligation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2.1 1.9
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21.6 $27.4 $ 2.7 $ 6.2
Information for pension plans with an accumulated benefit obligation in excess of plan assets included the following:
2010 2009 2010 2009
As of December 31,
United States
As of December 31,
International
(In millions)
Projected benefit obligation, end of year . . . . . . . . . . . . . . . . . . . . . . . . $93.7 $96.7 $29.0 $28.7
Accumulated benefit obligation, end of year . . . . . . . . . . . . . . . . . . . . . 93.7 95.9 28.8 26.8
Plan assets at fair value, end of year. . . . . . . . . . . . . . . . . . . . . . . . . . 70.9 64.1 25.1 25.3
Components of net periodic benefit costs included the following:
2010 2009 2008 2010 2009 2008
Years Ended December 31, Years Ended December 31,
United States International
(In millions)
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1.7 $ 2.8 $ 5.6 $ 0.6 $ 0.7 $ 0.8
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.8 5.4 6.5 2.8 3.2 3.6
Expected return on plan assets . . . . . . . . . . . . . . . . . . . (5.7) (6.5) (7.9) (3.1) (3.0) (4.5)
Amortization of net actuarial loss . . . . . . . . . . . . . . . . . . 0.4 0.2 — 0.2 0.4 0.3
Amortization of prior service cost . . . . . . . . . . . . . . . . . . 0.1 0.1 0.1 (0.4) (0.2) (0.3)
Amortization of transition obligation . . . . . . . . . . . . . . . . . — — — 0.3 0.3 0.3
Net periodic benefit cost . . . . . . . . . . . . . . . . . . . . . . . . $ 1.3 $ 2.0 $ 4.3 $ 0.4 $ 1.4 $ 0.2
Settlements and curtailments . . . . . . . . . . . . . . . . . . . . . 2.8 7.1 5.7 — 4.6 —
Total pension cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.1 $ 9.1 $10.0 $ 0.4 $ 6.0 $ 0.2
The estimated net actuarial loss, prior service credit and net obligations at transition for the defined benefit pension
plans that will be amortized from accumulated other comprehensive loss into net periodic benefit costs over the next fiscal
year are $0.9 million loss, $0.4 million credit and $0.3 million obligation, respectively.
Weighted-average assumptions used to determine benefit obligations were as follows:
2010 2009 2010 2009
As of December 31,
United States
As of December 31,
International
Discount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00% 5.50% 4.77% 5.12%
Rate of compensation increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.75% 4.75% 1.30% 3.51%
65
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)