Pizza Hut 2009 Annual Report Download - page 182
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91
Obligation and Funded Status at Measurement Date:
The following chart summarizes the balance sheet impact, as well as benefit obligations, assets, and funded status
associated with our U.S. pension plans and significant International pension plans. The actuarial valuations for all plans
reflect measurement dates coinciding with our fiscal year ends.
U.S. Pension Plans International Pension Plans
2009 2008 2009 2008
Change in benefit obligation
Benefit obligation at beginning of year $ 923 $ 842 $ 126 $ 161
Measurement date adjustment
—
21
—
2
Service cost 26 30 5 8
Interest cost 58 53 7 8
Participant contributions
—
—
22
Plan amendments 1 1
—
—
Acquisitions
—
—
—
—
Curtailment gain (9
)
(6 )
—
—
Settlement loss 2 1
—
—
Special termination benefits 4 13 — —
Exchange rate changes
—
—
15 (48 )
Benefits paid (47
)
(48 ) (3
)
(3 )
Settlement payments (10
)
(9
)
—
—
Actuarial (gain) loss 62 25 18 (4 )
Benefit obligation at end of year $ 1,010 $ 923 $ 170 $ 126
Change in plan assets
Fair value of plan assets at beginning of year $ 513 $ 732 $ 83 $ 139
Actual return on plan assets 132 (213
)
20 (33
)
Employer contributions 252 54 28 12
Participant contributions — — 2 2
Settlement payments (10
)
(9 )
—
—
Benefits paid (47
)
(48 ) (3
)
(3
)
Exchange rate changes
—
—
11 (34
)
Administrative expenses (5
)
(3 )
—
—
Fair value of plan assets at end of year $ 835 $ 513 $ 141 $ 83
Funded status at end of year $ (175
)
$ (410 ) $ (29
)
$ (43
)
Form 10-K