Pizza Hut 2011 Annual Report Download - page 178

Download and view the complete annual report

Please find page 178 of the 2011 Pizza Hut 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.

Page out of 212

  • 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
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212

74
Change in benefit obligation
Benefit obligation at beginning of year
Service cost
Interest cost
Participant contributions
Curtailment gain
Settlement loss
Special termination benefits
Exchange rate changes
Benefits paid
Settlement payments
Actuarial (gain) loss
Benefit obligation at end of year
Change in plan assets
Fair value of plan assets at beginning of year
Actual return on plan assets
Employer contributions
Participant contributions
Settlement payments
Benefits paid
Exchange rate changes
Administrative expenses
Fair value of plan assets at end of year
Funded status at end of year
U.S. Pension Plans
2011
$ 1,108
24
64
(7)
5
(40)
227
$ 1,381
$ 907
83
53
(40)
(5)
$ 998
$(383)
2010
$ 1,010
25
62
(2)
1
1
(57)
(9)
77
$ 1,108
$ 835
108
35
(9)
(57)
(5)
$ 907
$(201)
International Pension Plans
2011
$ 187
5
10
1
(10)
1
(2)
(5)
$ 187
$ 164
10
10
1
(2)
$ 183
$(4)
2010
$ 176
6
9
2
(9)
(4)
7
$ 187
$ 141
14
17
2
(4)
(6)
$ 164
$(23)
Amounts recognized in the Consolidated Balance Sheet:
Accrued benefit asset - non-current
Accrued benefit liability – current
Accrued benefit liability – non-current
U.S. Pension Plans
2011
$ —
(14)
(369)
$(383)
2010
$ —
(10)
(191)
$(201)
International Pension Plans
2011
$ 8
(12)
$(4)
2010
$ —
(23)
$(23)
Amounts recognized as a loss in Accumulated Other Comprehensive Income:
Actuarial net loss
Prior service cost
U.S. Pension Plans
2011
$ 540
3
$ 543
2010
$ 359
4
$ 363
International Pension Plans
2011
$ 30
$ 30
2010
$ 46
$ 46
Form 10-K