MetLife 2010 Annual Report Download - page 210

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Obligations, Funded Status and Net Periodic Benefit Costs
2010 2009 2010 2009
December 31,
Pension
Benefits
Other
Postretirement
Benefits
(In millions)
Change in benefit obligations:
Benefitobligationsatbeginningofyear........................... $6,649 $6,041 $1,847 $1,632
Servicecosts.......................................... 180 170 17 22
Interestcosts.......................................... 399 395 113 125
Planparticipants’contributions............................... — — 34 30
Netactuarial(gains)losses ................................. 271 421 73 351
Acquisition,settlementsandcurtailments........................ 639 12 — —
Changeinbenefits ...................................... 1 (6) (80) (167)
Prescriptiondrugsubsidy .................................. — — 12 12
Benefitspaid .......................................... (420) (384) (154) (158)
Transfers............................................. — — (17) —
Benefitobligationsatendofyear............................... 7,719 6,649 1,845 1,847
Change in plan assets:
Fairvalueofplanassetsatbeginningofyear....................... 5,770 5,559 1,121 1,011
Actualreturnonplanassets ................................ 716 525 102 137
Acquisitionandsettlements................................. 97 — — —
Planparticipants’contributions............................... — — 34 2
Employercontributions.................................... 325 70 95 4
Benefitspaid .......................................... (420) (384) (140) (33)
Transfers............................................. — — (12) —
Fairvalueofplanassetsatendofyear ......................... 6,488 5,770 1,200 1,121
Fundedstatusatendofyear................................ $(1,231) $ (879) $ (645) $ (726)
Amounts recognized in the consolidated balance sheets consist of:
Otherassets .......................................... $ 112 $ — $ — $ —
Otherliabilities ......................................... (1,343) (879) (645) (726)
Netamountrecognized.................................... $(1,231) $ (879) $ (645) $ (726)
Accumulated other comprehensive (income) loss:
Netactuariallosses...................................... $2,092 $2,267 $ 400 $ 388
Priorservicecosts(credit).................................. 20 25 (285) (288)
Accumulatedothercomprehensive(income)loss................... 2,112 2,292 115 100
Deferredincometax(benefit)................................ (738) (811) (40) (36)
Accumulated other comprehensive (income) loss, net of income tax . . . . . . . $ 1,374 $1,481 $ 75 $ 64
The aggregate projected benefit obligation and aggregate fair value of plan assets for the pension benefit plans were as follows:
2010 2009 2010 2009 2010 2009
December 31,
Qualified Plans Non-Qualified
Plans Total
(In millions)
Aggregatefairvalueofplanassets.................. $6,484 $5,770 $ 4 $ — $6,488 $5,770
Aggregate projected benefit obligations . . . . . . . . . . . . . . . 6,835 5,862 884 787 7,719 6,649
Over (under) funded . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (351) $ (92) $(880) $(787) $(1,231) $ (879)
The accumulated benefit obligations for all defined benefit pension plans were $7,320 million and $6,321 million at December 31, 2010
and 2009, respectively.
F-121MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)