Pitney Bowes 2009 Annual Report Download - page 100

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
82
United States Foreign
2009 2008 2009 2008
Change in plan assets:
Fair value of plan assets at beginning of year $ 1,175,271 $ 1,675,002 $ 312,206 $ 532,627
Actual return on plan assets 177,119 (390,374) 48,128 (101,822)
Company contributions 115,313 10,286 32,755 7,868
Plan participants’ contributions - - 2,231 2,978
Foreign currency changes - - 39,468 (106,417)
Benefits paid (117,658) (119,643) (20,475) (23,028)
Fair value of plan assets at end of year $ 1,350,045 $ 1,175,271 $ 414,313 $ 312,206
Funded status, end of year:
Fair value of plan assets at end of year $ 1,350,045 $ 1,175,271 $ 414,313 $ 312,206
Benefit obligations at end of year 1,599,506 1,605,380 507,932 384,507
Funded status $ (249,461) $ (430,109) $ (93,619) $ (72,301)
Information provided in the table below is only for pension plans with an accumulated benefit obligation in excess of plan assets at
December 31, 2009 and 2008:
United States Foreign
2009 2008 2009 2008
Projected benefit obligation $ 1,599,506 $ 1,605,380 $ 505,673 $ 118,726
Accumulated benefit obligation $ 1,568,618 $ 1,501,848 $ 464,362 $ 109,424
Fair value of plan assets $ 1,350,045 $ 1,175,271 $ 411,573 $ 78,018
The accumulated benefit obligation for all U.S. defined benefit plans at December 31, 2009 and 2008 was $1.6 billion and $1.5
billion, respectively. The accumulated benefit obligation for all foreign defined benefit plans at December 31, 2009 and 2008 was
$466 million and $337 million, respectively.