Pizza Hut 2011 Annual Report Download - page 179
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75
The accumulated benefit obligation for the U.S. and International pension plans was $1,496 million and $1,212 million at
December 31, 2011 and December 25, 2010, respectively.
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation
Accumulated benefit obligation
Fair value of plan assets
U.S. Pension Plans
2011
$ 1,381
1,327
998
2010
$ 1,108
1,057
907
International Pension Plans
2011
$ —
—
—
2010
$ —
—
—
Information for pension plans with a projected benefit obligation in excess of plan assets:
Projected benefit obligation
Accumulated benefit obligation
Fair value of plan assets
U.S. Pension Plans
2011
$ 1,381
1,327
998
2010
$ 1,108
1,057
907
International Pension Plans
2011
$ 99
87
87
2010
$ 187
155
164
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 be required to
contribute approximately $30 million to the U.S. Plan in 2012.
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 2012.
We do not anticipate any plan assets being returned to the Company during 2012 for any plans.
Form 10-K