Toyota 2007 Annual Report Download - page 120

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Information regarding Toyota’s defined benefit plans is as follow:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2006 2007 2007
Change in benefit obligation
Benefit obligation at beginning of year........................................................................... ¥1,450,739 ¥1,582,958 $13,409
Service cost ........................................................................................................................ 64,582 80,414 681
Interest cost........................................................................................................................ 40,196 48,128 408
Plan participants’ contributions........................................................................................ 578 1,988 17
Plan amendments .............................................................................................................. (3,468) (197) (2)
Net actuarial loss ............................................................................................................... 33,878 65,227 553
Acquisition and other........................................................................................................ 59,956 5,927 50
Benefits paid ...................................................................................................................... (63,503) (76,476) (648)
Benefit obligation at end of year ................................................................................. 1,582,958 1,707,969 14,468
Change in plan assets
Fair value of plan assets at beginning of year................................................................. 934,684 1,276,204 10,811
Actual return on plan assets ............................................................................................. 276,41687,471 741
Acquisition and other........................................................................................................ 35,908 2,734 23
Employer contributions..................................................................................................... 92,121 133,530 1,131
Plan participants’ contributions........................................................................................ 578 1,988 17
Benefits paid ...................................................................................................................... (63,503) (76,476) (648)
Fair value of plan assets at end of year........................................................................ 1,276,204 1,425,451 12,075
Funded status......................................................................................................................... ¥ 306,754 ¥ 282,518 $ 2,393
118 ANNUAL REPORT 2007
Yen in millions
Amount before Amount after
adoption of FAS 158 adoption of
FAS 158 Adjustment FAS 158
Investments and other assets – other (Prepaid pension and severance costs) ................ ¥246,499 ¥142,520 ¥389,019
Accrued expenses (Accrued pension and severance costs) .............................................. — 30,951 30,951
Accrued pension and severance costs................................................................................. 672,154 (31,568) 640,586
Accumulated other comprehensive income (loss) (Pre-tax amount)................................. (26,337) 133,437 107,100
Accumulated other comprehensive income (loss) (Net-of-tax amount) ........................... (8,270) 91,029 82,759
U.S. dollars in millions
Amount before Amount after
adoption of FAS 158 adoption of
FAS 158 Adjustment FAS 158
Investments and other assets – other (Prepaid pension and severance costs) ................ $2,089 $1,207 $3,296
Accrued expenses (Accrued pension and severance costs) .............................................. —262 262
Accrued pension and severance costs................................................................................. 5,694 (267) 5,427
Accumulated other comprehensive income (loss) (Pre-tax amount)................................. (223) 1,130 907
Accumulated other comprehensive income (loss) (Net-of-tax amount) ........................... (70) 771 701
Amounts reconciled from the funded status to net amount recognized in the consolidated balance sheet as of March 31, 2006 are
comprised of the following:
Yen in millions
March 31, 2006
Funded status......................................................................................................................... ¥306,754
Unrecognized net actuarial loss ........................................................................................... (2,657)
Unrecognized prior service costs ......................................................................................... 152,200
Unrecognized net transition obligation............................................................................... (11,346)
Net amount recognized .................................................................................................... ¥444,951