PACCAR 2011 Annual Report Download - page 68

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The following additional data relates to all pension plans of the Company, except for certain multi-employer and
defined contribution plans:
At December 31, 2011 2010
Weighted average assumptions:
Discount rate 4.5% 5.4%
Rate of increase in future compensation levels 3.9% 3.9%
Assumed long-term rate of return on plan assets 6.9% 7.2%
The components of the change in projected benefit obligation and change in plan assets are as follows:
2011 2010
Change in projected benefit obligation:
Benefit obligation at January 1 $ 1,485.6 $ 1,324.8
Service cost 45.5 37.5
Interest cost 81.6 76.5
Benefits paid (59.5) (56.2)
Actuarial loss 259.1 99.7
Currency translation and other (7.5) .4
Participant contributions 3.3 2.9
Projected benefit obligation at December 31 $ 1,808.1 $ 1,485.6
Change in plan assets:
Fair value of plan assets at January 1 $ 1,445.4 $ 1,276.3
Employer contributions 84.7 61.8
Actual return on plan assets 79.0 162.6
Benefits paid (59.5) (56.2)
Currency translation and other (3.0) (2.0)
Participant contributions 3.3 2.9
Fair value of plan assets at December 31 1,549.9 1,445.4
Funded status at December 31 $ (258.2) $ (40.2)
Amounts recorded on balance sheet: 2011 2010
Other noncurrent assets $ .4 $ 47.1
Other liabilities (258.6) (87.3)
Accumulated other comprehensive loss:
Actuarial loss 469.3 302.8
Prior service cost 8.3 9.0
Net initial transition amount .5 .6
Of the December 31, 2011 amounts in accumulated other comprehensive loss, $42.6 of unrecognized actuarial loss
and $1.5 of unrecognized prior service cost are expected to be amortized into net pension expense in 2012.
The accumulated benefit obligation for all pension plans of the Company, except for certain multi-employer and
defined contribution plans was $1,594.9 at December 31, 2011 and $1,350.3 at December 31, 2010.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2011, 2010 and 2009 (currencies in millions)