Sears 2009 Annual Report Download - page 75
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Please find page 75 of the 2009 Sears 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.SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Pension Plans
2009 2008
millions
SHC
Domestic
Sears
Canada Total
SHC
Domestic
Sears
Canada Total
Change in projected benefit obligation
Beginning balance ....................... $4,920 $ 868 $ 5,788 $ 5,232 $1,510 $ 6,742
Benefits earned during the period ........... — — — — 23 23
Interest cost ............................ 336 71 407 356 75 431
Actuarial loss (gain) ..................... 525 276 801 (265) (373) (638)
Benefits paid ........................... (346) (101) (447) (403) (138) (541)
Foreign currency exchange impact .......... — 142 142 — (236) (236)
Other ................................. — — — — 7 7
Balance as of the measurement date ............. $5,435 $1,256 $ 6,691 $ 4,920 $ 868 $ 5,788
Change in assets at fair value:
Beginning balance ....................... $3,215 $1,053 $ 4,268 $ 4,421 $1,567 $ 5,988
Actual return on plan assets ............... 591 108 699 (1,062) (106) (1,168)
Company contributions ................... 173 10 183 259 3 262
Benefits paid ........................... (346) (101) (447) (403) (138) (541)
Foreign currency exchange impact .......... — 154 154 — (267) (267)
Other ................................. — (13) (13) — (6) (6)
Balance as of the measurement date ............. $3,633 $1,211 $ 4,844 $ 3,215 $1,053 $ 4,268
Net amount recognized ....................... $(1,802) $ (45) $(1,847) $(1,705) $ 185 $(1,520)
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