Pizza Hut 2008 Annual Report Download - page 207
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85
Amounts recognized in the Consolidated Balance Sheet:
U.S. Pension Plans International Pension Plans
2008 2007 2008 2007
Accrued benefit asset – non-current $
—
$
—
$
—
$5
Accrued benefit liability – current (11) (6)
—
—
Accrued benefit liability – non-current (399) (104) (43) (27)
$ (410) $ (110) $ (43) $ (22)
Amounts recognized as a loss in Accumulated Other Comprehensive Income:
U.S. Pension Plans International Pension Plans
2008 2007 2008 2007
Actuarial net loss $ 371 $ 77 $ 41 $ 13
Prior service cost 3 3
—
—
$ 374 $ 80 $ 41 $ 13
The accumulated benefit obligation for the U.S. and International pension plans was $970 million and $900 million at
December 27, 2008 and December 29, 2007, respectively.
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
U.S. Pension Plans International Pension Plans
2008 2007 2008 2007
Projected benefit obligation $ 923 $ 73 $ 63 $ 80
Accumulated benefit obligation 867 64 58 74
Fair value of plan assets 513 — 34 53
Information for pension plans with a projected benefit obligation in excess of plan assets:
U.S. Pension Plans International Pension Plans
2008 2007 2008 2007
Projected benefit obligation $ 923 $ 842 $ 126 $ 80
Accumulated benefit obligation 867 770 103 74
Fair value of plan assets 513 732 83 53
Our funding policy with respect to the U.S. Plan is to contribute amounts necessary to satisfy minimum pension funding
requirements, including requirements of the Pension Protection Act of 2006, plus such additional amounts from time to
time as are determined to be appropriate to improve the U.S. Plan’s funded status. We currently estimate that we will
contribute approximately $80 million to the U.S. Plan in 2009.
Form 10-K