Twenty-First Century Fox 2011 Annual Report Download - page 77

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Notes to the Consolidated Financial Statements (continued)
Pension benefits Postretirement benefits
For the years ended June 30, 2011 2010 2009 2011 2010 2009
Additional information:
Weighted-average assumptions used to determine benefit obligations
Discount rate 5.7% 5.7% 7.0% 5.3% 5.5% 6.7%
Rate of increase in future compensation 5.2% 5.2% 5.1% N/A N/A N/A
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate 5.7% 7.0% 6.7% 5.5% 6.7% 6.9%
Expected return on plan assets 7.0% 7.0% 7.0% N/A N/A N/A
Rate of increase in future compensation 5.2% 5.1% 5.1% N/A N/A N/A
N/A – not applicable
The following assumed health care cost trend rates at June 30 were also used in accounting for postretirement benefits:
Postretirement benefits
Fiscal 2011 Fiscal 2010
Health care cost trend rate 7.5% 8.0%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 5.1% 5.0%
Year that the rate reaches the ultimate trend rate 2019 2019
Assumed health care cost trend rates could have a significant effect on the amounts reported for the postretirement health care plan. The effect
of a one percentage point increase and one percentage point decrease in the assumed health care cost trend rate would have the following effects
on the results for fiscal 2011:
Service and
interest costs
Benefit
Obligation
(in millions)
One percentage point increase $ 2 $ 26
One percentage point decrease ($2) ($22)
2011 Annual Report 75