Pepsi 2013 Annual Report Download - page 113
Download and view the complete annual report
Please find page 113 of the 2013 Pepsi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
 |
 |
95
The estimated amounts to be amortized from accumulated other comprehensive loss into expense in 2014
for our pension and retiree medical plans are as follows:
Pension Retiree Medical
U.S. International
Net loss/(gain) $ 175 $ 53 $ (6)
Prior service cost/(credit) 21 — (22)
Total $ 196 $ 53 $ (28)
The following table provides the weighted-average assumptions used to determine projected benefit liability
and benefit expense for our pension and retiree medical plans:
Pension Retiree Medical
U.S. International
2013 2012 2011 2013 2012 2011 2013 2012 2011
Weighted-average assumptions
Liability discount rate 5.0% 4.2% 4.6% 4.7% 4.4% 4.8% 4.6% 3.7% 4.4%
Expense discount rate 4.2% 4.6% 5.7% 4.4% 4.8% 5.5% 3.7% 4.4% 5.2%
Expected return on plan assets 7.8% 7.8% 7.8% 6.6% 6.7% 6.7% 7.8% 7.8% 7.8%
Liability rate of salary increases 3.7% 3.7% 3.7% 3.9% 3.9% 4.1%
Expense rate of salary increases 3.7% 3.7% 4.1% 3.9% 4.1% 4.1%
The following table provides selected information about plans with liability for service to date and total
benefit liability in excess of plan assets:
Pension Retiree Medical
U.S. International
2013 2012 2013 2012 2013 2012
Selected information for plans with liability for service to date in excess of plan assets
Liability for service to date $ (577) $ (11,643) $ (310) $ (711)
Fair value of plan assets $2
$ 10,817 $ 259 $ 552
Selected information for plans with projected benefit liability in excess of plan assets
Benefit liability $ (6,555) $ (12,886) $ (2,291) $ (2,542) $ (1,384) $ (1,511)
Fair value of plan assets $ 5,589 $ 10,817 $ 2,135 $ 2,166 $ 406 $ 365
Of the total projected pension benefit liability at year-end 2013, $700 million relates to plans that we do not
fund because the funding of such plans does not receive favorable tax treatment.