Sunoco 2009 Annual Report Download - page 89

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The following amounts were recognized as components of other comprehensive income (loss) for the years
ended December 31, 2009, 2008 and 2007 (in millions of dollars):
Defined
Benefit Plans
Postretirement
Benefit Plans
2009 2008 2007 2009 2008 2007
Reclassifications to earnings of:
Actuarial loss amortization ........................... $ 56 $ 13 $32 $ 2 $ 1 $ 3
Prior service cost (benefit) amortization ................ 1 2 2 (4) (1) (1)
Settlement and curtailment losses (gains) .............. 118 7 — (13) — —
Retirement benefit plan funded status adjustments:
Actuarial gains (losses) ............................. 58 (512) 23 (37) 11 15
Prior service benefit (cost) ........................... — — — 60 (2) (10)
$233 $(490) $57 $ 8 $ 9 $ 7
The following tables set forth the components of the changes in benefit obligations and fair value of plan
assets during 2009 and 2008 as well as the funded status at December 31, 2009 and 2008 (in millions of dollars):
Defined Benefit Plans Postretirement
Benefit Plans2009 2008
Funded
Plans
Unfunded
Plans
Funded
Plans
Unfunded
Plans 2009 2008
Benefit obligations at beginning of year* ....... $1,195 $ 131 $1,202 $ 146 $ 423 $ 430
Service cost .............................. 43 2 45 2 8 9
Interest cost .............................. 69 6 73 8 24 25
Actuarial losses (gains) .................... 92 6 41 8 38 (11)
Plan amendments ......................... — — — — (60) 2
Benefits paid ............................. (249) (42) (166) (33) (47) (45)
Premiums paid by participants ............... — — — — 15 13
Special termination benefits and curtailment
(gains) losses .......................... (27) (3) — — 4 —
Benefit obligations at end of year* ........ $1,123 $ 100 $1,195 $ 131 $ 405 $ 423
Fair value of plan assets at beginning
of year** ............................... $ 837 $1,315
Actual income (loss) on plan assets .......... 169 (358)
Employer contributions ..................... 47 46
Benefits paid from plan assets ............... (249) (166)
Fair value of plan assets at end of year** . . $ 804 $ 837
Underfunded accumulated obligation ......... $ (303) $(100) $ (303) $(129)
Provision for future salary increases .......... (16) — (55) (2)
Funded status at end of year*** .......... $ (319) $(100) $ (358) $(131) $(405) $(423)
*Represents the projected benefit obligations for defined benefit plans and the accumulated postretirement benefit obligations (“APBO”)
for postretirement benefit plans. The accumulated benefit obligations for funded and unfunded defined benefit plans amounted to
$1,107 and $100 million, respectively, at December 31, 2009 and $1,140 and $129 million, respectively, at December 31, 2008.
**There are no plan assets invested in Company stock at December 31, 2009 or 2008 (see below).
***Represents retirement benefit liabilities (including current portion) in the consolidated balance sheets. The current portion of retirement
liabilities, which totaled $46 and $76 million at December 31, 2009 and 2008, respectively, is classified in accrued liabilities in the
consolidated balance sheets.
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