ADP 2009 Annual Report Download - page 58

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As a result of the adoption of SFAS No. 158, the $63.1 million that is recognized in accumulated other comprehensive income (loss) consists
of:
The accumulated benefit obligation for all defined benefit pension plans was $887.4 million and $831.9 million at June 30, 2009 and 2008,
respectively.
The Company’ s pension plans with accumulated benefit obligations in excess of plan assets as of June 30, 2009 and 2008 had the following
projected benefit obligation, accumulated benefit obligation and fair value of plan assets:
The components of net pension expense were as follows:
N
et pension expense for fiscal 2007 includes $3.5 million reported within earnings from discontinued operations on the Statements of
Consolidated Earnings.
The net actuarial and other loss, transition obligation and prior service cost for the defined benefit pension plans that are included in
accumulated other comprehensive income (loss) and that have not yet been recognized as components of net periodic benefit cost are $330.5
million, $1.2 million and $8.0 million, respectively, at June 30, 2009. The estimated net actuarial and other loss, transition obligation and prior
service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive income (loss) into net periodic
benefit cost over the next fiscal year are $3.9 million, $0.2 million and $0.3 million, respectively, at June 30, 2009.
58
Year ended June 30, 2007
N
et actuarial and other loss, net of tax $ (61.6)
Prior service cost, net of tax (0.5)
Transition obligation, net of tax (1.0)
$(63.1)
June 30, 2009 2008
Projected benefit obligation $ 870.8 $ 110.3
Accumulated benefit obligation $ 865.7 $ 103.4
Fair value of plan assets $762.0 $39.1
Years ended June 30, 2009 2008 2007
Service cost - benefits earned
during the period $ 46.2 $ 46.1 $ 42.2
Interest cost on projected benefits 56.7 50.7 49.0
Expected return on plan assets (70.3) (67.2) (62.0)
N
et amortization and deferral 1.2 10.4 14.6
$33.8 $40.0 $43.8