Target 2012 Annual Report Download - page 75

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The following table summarizes the amounts in accumulated other comprehensive income expected to be
amortized and recognized as a component of net periodic benefit expense in 2013:
Expected Amortization of Amounts in Accumulated Other Comprehensive Income
(millions) Pretax Net of Tax
Net actuarial loss $108 $ 65
Prior service credits (27) (16)
Total amortization expense $81 $49
The following table summarizes our net pension and postretirement health care benefits expense for the years
2012, 2011 and 2010:
PostretirementNet Pension and Postretirement Health Care Benefits Expense
Pension Benefits Health Care Benefits
(millions) 2012 2011 2010 2012 2011 2010
Service cost benefits earned during the period $ 121 $ 117 $ 115 $10 $10 $ 9
Interest cost on projected benefit obligation 139 137 129 344
Expected return on assets (220) (206) (191) ———
Amortization of losses 103 67 44 344
Amortization of prior service cost —(2) (3) (10) (10) (10)
Total $ 143 $ 113 $ 94 $6$8$7
Prior service cost amortization is determined using the straight-line method over the average remaining service
period of team members expected to receive benefits under the plan.
Defined Benefit Pension Plan Information
(millions) 2012 2011
Accumulated benefit obligation (ABO) for all plans (a) $3,140 $2,872
Projected benefit obligation for pension plans with an ABO in excess of plan assets (b) 59 55
Total ABO for pension plans with an ABO in excess of plan assets 53 48
(a) The present value of benefits earned to date assuming no future salary growth.
(b) The present value of benefits earned to date by plan participants, including the effect of assumed future salary increases.
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PART II