Snapple 2012 Annual Report Download - page 96
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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
78
Financial Statement Impact
The total pension and postretirement net periodic benefit costs recorded in the Company's Consolidated Statements of Income
for the years ended December 31, 2012, 2011 and 2010 were as follows (in millions):
For the Year Ended December 31,
2012 2011 2010
Total net periodic benefit costs
Pension plans $ 5 $ 7 $ 9
Postretirement medical plans (3)(1)(7)
Total $ 2 $ 6 $ 2
The following tables set forth amounts recognized in the Company's financial statements and the plans' funded status for the
years ended December 31, 2012 and 2011 (in millions):
Postretirement
Pension Plans Medical Plans
2012 2011 2012 2011
Projected Benefit Obligations
As of beginning of year $ 278 $ 245 $ 10 $ 9
Service cost 22——
Interest cost 14 14 —1
Actuarial losses, net 31 35 11
Benefits paid (17)(9)(1)(1)
Currency exchange adjustments —(2)——
Plan mergers —6——
Curtailments ——(1)—
Settlements —(13)——
As of end of year $ 308 $ 278 $ 9 $ 10
Fair Value of Plan Assets
As of beginning of year $ 239 $ 234 $ 5 $ 5
Actual return on plan assets 32 23 ——
Employer contributions 2211
Benefits paid (17)(9)(1)(1)
Currency exchange adjustments 1(1)——
Plan mergers —3——
Settlements —(13)——
As of end of year $ 257 $ 239 $ 5 $ 5
Funded status of plan / net amount recognized $(51)$(39)$(4)$(5)
Funded status — overfunded $ — $ 1 $ 1 $ 2
Funded status — underfunded (51)(40)(5)(7)
Net amount recognized consists of:
Non-current assets $ — $ 1 $ 1 $ 2
Current liabilities —(1)(1)(1)
Non-current liabilities (51)(39)(4)(6)
Net amount recognized $(51)$(39)$(4)$(5)