Volvo 2011 Annual Report Download - page 115

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Obligations in defined-benefit plans Sweden
Pensions
United
States
Pensions France
Pensions
Great
Britain
Pensions US Other
benefits Other
plans Total
Obligations at January 1, 2010 9,881 13,358 1,897 4,438 3,697 4,799 38,070
Acquisitions, divestments and other changes – 10 – – 2 28 40
Current year service costs 302 258 54 45 39 247 945
Interest costs 401 665 77 233 167 157 1,700
Past service costs
– Unvested – 3 – – (4) (5) (6)
– Vested 27 3 (44) – – – (14)
Termination benefits 33 – (2) – – 5 36
Curtailments and settlements (6) (7) (18) (1) – (11) (43)
Employee contributions – – – 21 – 9 30
Actuarial (gains) and losses (1,170) 571 (2) 28 (33) 78 (528)
Exchange rate translation – (789) (245) (370) (207) (171) (1,782)
Benefits paid (324) (1,074) (112) (168) (220) (429) (2,327)
Obligations at December 31, 2010 9,144 12,998 1,605 4,226 3,441 4,707 36,121
of which
Funded defined-benefit plans 8,794 11,378 – 4,226 – 2,203 26,601
Acquisitions, divestments and other changes (1) (2) 1 (2) (59) (3) (66)
Current year service costs 246 295 52 31 74 255 953
Interest costs 435 582 70 226 144 145 1,602
Past service costs
– Unvested – 4 – – 9 1 14
– Vested – 40 – – – 18 58
Termination benefits 77 – (1) – – 26 102
Curtailments and settlements (8) (1) – (69) (44) (7) (129)
Employee contributions – – – 12 – 4 16
Actuarial (gains) and losses 2,434 925 136 52 115 39 3,701
Exchange rate translation – 301 (12) 54 66 58 467
Benefits paid (315) (782) (86) (161) (169) (968) (2,481)
Obligations at December 31, 2011 12,012 14,360 1,765 4,369 3,577 4,275 40,358
of which
Funded defined-benefit plans 11,624 13,925 – 4,369 – 1,817 31,735
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