Snapple 2010 Annual Report Download - page 110
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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following tables set forth amounts recognized in the Company’s financial statements and the plans’ funded status for
the years ended December 31, 2010 and 2009 (in millions):
Projected Benefit Obligations
As of beginning of year
Service cost
Interest cost
Actuarial loss (gain)
Benefits paid
Currency exchange adjustments
Plan amendments
Settlements
As of end of year
Fair Value of Plan Assets
As of beginning of year
Actual return on plan assets
Employer contributions
Plan participants’ contributions
Benefits paid
Currency exchange adjustments
Settlements
As of end of year
Funded status of plan / net amount recognized
Funded status — overfunded
Funded status — underfunded
Net amount recognized consists of:
Non-current assets
Current liabilities
Non-current liabilities
Net amount recognized
Pension Plans
2010
$ 253
2
14
4
(8)
1
—
(21)
$ 245
$ 223
25
14
—
(8)
1
(21)
$ 234
$(11)
$2
(13)
$2
(1)
(12)
$(11)
2009
$ 230
1
15
24
(7)
2
—
(12)
$ 253
$ 162
37
43
—
(7)
—
(12)
$ 223
$(30)
$2
(32)
$2
(1)
(31)
$(30)
Postretirement
Medical Plans
2010
$24
1
1
(1)
(2)
—
(14)
—
$9
$5
1
1
—
(2)
—
—
$5
$(4)
$2
(6)
$2
—
(6)
$(4)
2009
$25
1
2
(2)
(3)
1
—
—
$24
$4
1
2
1
(3)
—
—
$5
$(19)
$—
(19)
$—
(1)
(18)
$(19)
The accumulated benefit obligation for the defined benefit pension plans were $240 million and $252 million at
December 31, 2010 and 2009, respectively. The pension plan assets and the projected benefit obligations of DPS’ U.S. plans
represent approximately 93% and 93% of the total plan assets and the total projected benefit obligation, respectively, of all
plans combined. The following table summarizes key pension plan information regarding plans whose accumulated benefit
obligations exceed the fair value of their respective plan assets (in millions):
Aggregate projected benefit obligation
Aggregate accumulated benefit obligation
Aggregate fair value of plan assets
2010
$ 241
240
230
2009
$ 253
252
223
90