Time Magazine 2010 Annual Report Download - page 110

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Defined Contribution Plans
Time Warner has certain domestic and international defined contribution plans, including savings and profit
sharing plans, for which the expense amounted to $129 million in 2010, $103 million in 2009 and $105 million in
2008. The Company’s contributions to the savings plans are primarily based on a percentage of the employees’
elected contributions and are subject to plan provisions.
Other Postretirement Benefit Plans
Time Warner also sponsors several unfunded domestic postretirement benefit plans covering certain retirees
and their dependents. For substantially all of Time Warner’s domestic postretirement benefit plans, the unfunded
benefit obligation as of December 31, 2010 and December 31, 2009 was $158 million and $156 million,
respectively, and the amount recognized in accumulated other comprehensive income was $19 million and
$25 million, respectively. For the years ended December 31, 2010, 2009 and 2008, the net periodic benefit
costs were $12 million, $13 million and $14 million, respectively.
14. RESTRUCTURING COSTS
The Company’s restructuring costs primarily related to employee termination costs, ranging from senior
executives to line personnel, and other exit costs, including lease terminations. Restructuring costs expensed as
incurred by segment for the years ended December 31, 2010, 2009 and 2008 are as follows (millions):
2010 2009 2008
Years Ended December 31,
Networks ........................................... $ 6 $ 8 $ (3)
Filmed Entertainment .................................. 30 105 142
Publishing .......................................... 61 99 176
Corporate ........................................... — — 12
Total restructuring costs ................................ $ 97 $ 212 $ 327
2010 2009 2008
Years Ended December 31,
2010 restructuring activity............................... $ 56 $ — $ —
2009 restructuring activity............................... 26 198 —
2008 and prior restructuring activity ....................... 15 14 327
Restructuring costs .................................... $ 97 $ 212 $ 327
2010 Restructuring Activity
For the year ended December 31, 2010, the Company incurred $56 million in restructuring costs primarily
related to various employee terminations and other exit activities, including $11 million at the Filmed
Entertainment segment, $39 million at the Publishing segment and $6 million at the Networks segment.
2009 Restructuring Activity
For the year ended December 31, 2009, the Company incurred $198 million in restructuring costs primarily
related to various employee terminations and other exit activities, including $100 million at the Filmed
Entertainment segment, $90 million at the Publishing segment and $8 million at the Networks segment.
98
TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)