Morgan Stanley 2009 Annual Report Download - page 211

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Benefit Obligations and Funded Status.
The following table provides a reconciliation of the changes in the benefit obligation and fair value of plan assets
for 2009, fiscal 2008 and the one month ended December 31, 2008:
Pension Postretirement
(dollars in millions)
Reconciliation of benefit obligation:
Benefit obligation at November 30, 2007 ........................................ $2,263 $ 162
Adjustments due to change in the measurement date:
Service cost and interest cost ............................................... 40 3
Gap period benefits paid .................................................. (10) —
Service cost(1) .............................................................. 104 8
Interest cost(2) .............................................................. 136 10
Actuarial gain ............................................................... (268) (11)
Benefits paid ............................................................... (122) (8)
Other, including foreign currency exchange rate changes ............................. (51) —
Benefit obligation at November 30, 2008 ........................................ $2,092 $ 164
Service cost ................................................................ 8 1
Interest cost ................................................................ 12 1
Actuarial loss ............................................................... 551 50
Benefits paid ............................................................... (12) (1)
Other, including foreign currency exchange rate changes ............................. 7 —
Benefit obligation at December 31, 2008 ........................................ $2,658 $ 215
Service cost(2) .............................................................. 117 12
Interest cost ................................................................ 152 12
Actuarial gain(3) ............................................................ (154) (25)
Plan amendments ............................................................ (16) —
Plan settlements ............................................................. (2) —
Benefits paid ............................................................... (172) (11)
Transfers / divestitures(4) ..................................................... 25 —
Other, including foreign currency exchange rate changes ............................. 22 —
Benefit obligation at December 31, 2009 ........................................ $2,630 $ 203
Reconciliation of fair value of plan assets:
Fair value of plan assets at November 30, 2007 .................................. $2,113 $ —
Adjustments due to change in the measurement date:
Gap period benefits paid, net of contributions .................................. (9) —
Actual return on plan assets .................................................... 215 —
Employer contributions(2) ..................................................... 326 8
Benefits paid ............................................................... (122) (8)
Other, including foreign currency exchange rate changes ............................. (50) —
Fair value of plan assets at November 30, 2008 .................................. $2,473 $ —
Actual return on plan assets .................................................... 278 —
Employer contributions ....................................................... 2 1
Benefits paid ............................................................... (12) (1)
Other, including foreign currency exchange rate changes ............................. (2) —
Fair value of plan assets at December 31, 2008 ................................... $2,739 $ —
Actual return on plan assets .................................................... (538) —
Employer contributions ....................................................... 321 11
Benefits paid ............................................................... (172) (11)
Plan settlements ............................................................. (2) —
Transfers / divestitures(4) ..................................................... 35 —
Other, including foreign currency exchange rate changes ............................. 23 —
Fair value of plan assets at December 31, 2009 ................................... $2,406 $ —
(1) Pension amounts included in discontinued operations were $2 million.
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