Mercedes 2001 Annual Report Download - page 106

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102 Notes to Consolidated Balance Sheets
The measurement dates for the Group’s pension
plans in Germany are September 30 and in the U.S. are
November 30 or December 31. Assumed discount rates
and rates of increase in remuneration used in calculat-
ing the projected benefit obligations together with long-
term rates of return on plan assets vary according to
the economic conditions of the country in which the
pension plans are situated. The weighted-average as-
sumptions used in calculating the actuarial values for
the principal pension plans were as follows (in %):
Weighted-average assumptions:
Discount rate
Expected return on plan assets
Rate of compensation increase
6.0 6.5 6.0 7.4 7.7 7.5
7.9 7. 9 7. 7 10.1 10.2 9.8
3.0 3.0 2.8 5.4 5.5 5.9
German Plans
2001 2000 1999
Non-German Plans
2001 2000 1999
The components of net pension cost were as follows for
the years ended December 31, 2001, 2000 and 1999:
The accumulated benefit obligations and fair value
of plan assets for pension plans with accumulated
benefit obligations in excess of plan assets were €10,224
million and €7,934 million, respectively, as of Decem-
ber 31, 2001 and €1,697 million and €343 million,
respectively, as of December 31, 2000.
Other Postretirement Benefits
Certain DaimlerChrysler operations in the U.S. and
Canada provide postretirement health and life insur-
ance benefits to their employees. Upon retirement from
DaimlerChrysler the employees may become eligible
for continuation of these benefits. The benefits and
eligibility rules may be modified periodically.
At December 31, 2001, plan assets were invested
in diversified portfolios that consisted primarily of debt
and equity securities.
Service cost
Interest cost
Expected return on plan assets
Amortization of:
Unrecognized net actuarial (gains) losses
Unrecognized prior service cost
Unrecognized net obligation
Other
Net periodic pension cost (benefit)
Settlement/curtailment loss
Net pension cost
198 404 242 433 267 430
612 1,696 696 1,570 756 1,185
(649) (2,750) (625) (2,487) (223) (1,872)
–(11) 3(18) 1 41
– 356 1 371 – 214
–148 –146 –129
––1(6) 1 2
161 (157) 318 9 802 129
1 625 ––––
162 468 318 9 802 129
Non-
German
Plans
German
Plans
German
Plans
Non-
German
Plans
German
Plans
Non-
German
Plans
2001 2000 1999
(in millions of €)