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30 TEXAS INSTRUMENTS 2007 ANNUAL REPORT
Amounts recognized on the balance sheet as of December 31, 2006:
U.S. Defined
Benefit U.S. Retiree
Health Care Non-U.S.
Defined Benefit Total
Overfunded retirement plans ................................ $42 $ — $ 16 $58
Accrued profit sharing and retirement ......................... (4) (1) (9)(14)
Underfunded retirement plans ............................... (30)(42) (136) (208)
Funded status (FVPA - BO) at end of year....................... $ 8 $ (43) $ (129) $ (164)
The preceding tables present aggregate information for all plans reported. The following table presents the obligation and asset
information for only those plans that have projected benefit obligations in excess of plan assets or plans that have accumulated benefit
obligations in excess of plan assets. For the U.S. defined benefit plans, the 2007 amounts consist of our non-qualified plans, which are
unfunded. For the non-U.S. defined benefit plans, the 2007 amounts consist primarily of the Taiwan plan. Additionally, the reduction in
the projected benefit obligations for the non-U.S. defined benefit plans from 2006 to 2007 is the result of the Japan plan becoming fully
funded.
U.S
Defined Benefit Non-U.S.
Defined Benefit
2007 2006 2007 2006
Plans with projected benefit obligations greater than assets:
Projected benefit obligations .............................................. $42 $34 $ 141 $ 1,145
Plan assets ........................................................... — — 58 1,001
Plans with accumulated benefit obligations greater than assets:
Accumulated benefit obligations ........................................... $34 $28 $93 $83
Plan assets ........................................................... ——41 40
Accumulated benefit obligations were $764 million and $711 million at year-end 2007 and 2006 for the U.S. defined benefit plans, and
were $1.48 billion and $1.47 billion at year-end 2007 and 2006 for the non-U.S. defined benefit plans.
The amounts recorded in AOCI for the years ended December 31, 2007 and 2006, are further detailed by the type of plan to which they
are attributable:
U.S. Defined
Benefit U.S. Retiree
Health Care Non-U.S.
Defined Benefit Total
Net
Actuarial
Loss
Prior
Service
Cost
Net
Actuarial
Loss
Prior
Service
Cost
Net
Actuarial
Loss
Prior
Service
Cost
Net
Actuarial
Loss
Prior
Service
Cost
AOCI balance, December 31, 2006 (net of tax) ...... $ 105 $ 1 $ 77 $13 $ 175 $(20) $ 357 $(6)
Changes in AOCI by category in 2007:
Annual adjustments .......................... 5 5 34 — (63)(1)(24) 4
Reclassification of recognized transaction ....... (21) — (6)(3)(13) 3 (40) —
Less tax (benefit) expense..................... 6(2) (10) 1 35 (2)31 (3)
Total change to OCI in 2007 .................... (10) 3 18 (2)(41) — (33) 1
AOCI balance, December 31, 2007 (net of tax) ...... $95 $ 4 $ 95 $11 $134 $ (20) $ 324 $(5)