Pepsi 2011 Annual Report Download - page 70

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Pension Retiree Medical
U.S. International
2011 2010 2011 2010 2011 2010
Amounts recognized
Other assets $ – $ 47 $ 55 $ 66 $ – $ –
Other current liabilities (91) (54) (1) (10) (124) (145)
Other liabilities (2,738) (974) (404) (302) (1,249) (1,435)
Net amount recognized $ (2,829) $ (981) $ (350) $ (246) $ (1,373) $ (1,580)
Amounts included in accumulated other comprehensive loss
(pre- tax)
Net loss $ 4,217 $ 2,726 $ 977 $ 767 $ 32 $ 270
Prior service cost/(credit) 122 117 (2) 17 (118) (150)
Total $ 4,339 $ 2,843 $ 975 $ 784 $ (86) $ 120
Components of the increase/(decrease) in net loss
Change in discount rate $ 1,710 $ 556 $ 302 $ 213 $ 115 $ 101
Employee-related assumption changes (140) 4 (51) (4) (125) 8
Liability-related experience dierent from assumptions (85) 43 (27) 5 (210) (22)
Actual asset return dierent from expected return 162 (300) 57 (41) 14 (6)
Amortization of losses (147) (119) (55) (24) (12) (9)
Other, including foreign currency adjustments (9) (21) (16) (7) (20) 8
Total $ 1,491 $ 163 $ 210 $ 142 $ (238) $ 80
Liability at end of year for service to date $ 11,205 $ 9,163 $ 1,921 $ 1,743
The components of benet expense are as follows:
Pension Retiree Medical
U.S. International
2011 2010 2009 2011 2010 2009 2011 2010 2009
Components of benefit expense
Service cost $ 350 $ 299 $ 238 $ 95 $ 81 $ 54 $ 51 $ 54 $ 44
Interest cost 547 506 373 117 106 82 88 93 82
Expected return on plan assets (704) (643) (462) (136) (123) (105) (14) (1) –
Amortization of prior service cost/(credit) 14 12 12 2 2 2 (28) (22) (17)
Amortization of net loss 145 119 110 40 24 9 12 9 11
352 293 271 118 90 42 109 133 120
Settlement/curtailment (gain)/loss (8) (2) (13) 30 1 3 – (62) –
Special termination benets 71 45 – 1 3 – 1 3 –
Total $ 415 $ 336 $ 258 $ 149 $ 94 $ 45 $ 110 $ 74 $ 120
The estimated amounts to be amortized from accumulated other comprehensive loss into benet expense in 2012 for our pension and
retiree medical plans are as follows:
Pension Retiree Medical
U.S. International
Net loss $ 259 $ 52 $ –
Prior service cost/(credit) 17 1 (26)
Total $ 276 $ 53 $ (26)
PepsiCo, Inc.  Annual Report
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Notes to Consolidated Financial Statements