Pizza Hut 2010 Annual Report Download - page 193

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The funding rules for our pension plans outside of the U.S. vary from country to country and depend on many factors
including discount rates, performance of plan assets, local laws and regulations. We do not believe we will be required to
make significant contributions to any pension plan outside of the U.S. in 2011.
We do not anticipate any plan assets being returned to the Company during 2011 for any plans.
Components of net periodic benefit cost:
U.S. Pension Plans International Pension Plans
N
et periodic benefit cos
t
2010 2009 2008 2010 2009 2008
Service cost $ 25 $ 26 $ 30 $ 6 $ 5 $ 8
Interest cost 62 58 53 9 7 8
Amortization of prior service cost(a) 1 1
—
—
—
—
Expected return on plan assets (70
)
(59) (53) (9
)
(7
)
(9
)
Amortization of net loss 23 13 6 2 2
—
N
et periodic benefit cos
t
$ 41 $ 39 $ 36 $ 8 $ 7 $ 7
Additional loss recognized due to:
Settlement(b) $ 3 $ 2 $ 2 $
—
$
—
$
—
Special termination benefits(c) $ 1 $ 4 $ 13 $
—
$
—
$
—
P
ension losses in accumulated other comprehensive income (loss):
U.S. Pension Plans International Pension Plans
2010 2009 2010
2009
Beginning of year $ 346 $ 374 $ 48 $ 41
N
et actuarial (gain) loss 41 (15
)
2 5
Amortization of net loss (23
)
(13
)
(2
)
(2
)
Settlements
—
(1
)
—
—
Prior service cost
—
2
—
—
Amortization of prior service cost (1
)
(1
)
—
—
Exchange rate changes
—
—
(2
)
4
End of year $ 363 $ 346 $ 46 $ 48
(a)
P
rior service costs are amortized on a straigh
t
-line basis over the average remaining service period of employees
e
xpected to receive benefits.
(b) Settlement loss results from benefit payments from a non-funded plan exceeding the sum of the service cost and
i
nterest cost for that plan during the year.
(c) Special termination benefits primarily related to the U.S. business transformation measures taken in 2008, 2009
a
nd 2010.
Form 10-K