ADP 2012 Annual Report Download - page 76

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The Company’s pension plans funded status as of June 30, 2012 and 2011 is as follows:
The amounts recognized on the Consolidated Balance Sheets as of June 30, 2012 and 2011 consisted of:
The accumulated benefit obligation for all defined benefit pension plans was $1,399.9 million and $1,167.4 million at June 30, 2012 and 2011,
respectively.
The Company’s pension plans with accumulated benefit obligations in excess of plan assets as of June 30, 2012 and 2011 had the following
projected benefit obligation, accumulated benefit obligation and fair value of plan assets:
69
June 30, 2012
2011
Change in plan assets:
Fair value of plan assets at beginning of year
$
1,313.3
$
981.7
Actual return on plan assets
106.6
200.0
Employer contributions
91.6
158.1
Currency translation adjustments
(4.6
)
8.1
Benefits paid
(37.4
)
(34.6
)
Fair value of plan assets at end of year $
1,469.5
$
1,313.3
Change in benefit obligation:
Benefit obligation at beginning of year $
1,178.8
$
1,087.9
Service cost
57.2
52.5
Interest cost
62.1
56.6
Actuarial (gains)/losses
159.4
(5.4
)
Currency translation adjustments
(10.8
)
14.5
Benefits paid
(37.4
)
(34.6
)
Acquisitions
2.8
7.3
Projected benefit obligation at end of year $
1,412.1
$
1,178.8
Funded status - plan assets less benefit obligations $
57.4
$
134.5
June 30, 2012 2011
Noncurrent assets
$
170.3
$
231.5
Current liabilities
(4.3
)
(4.5
)
Noncurrent liabilities
(108.6
)
(92.5
)
Net amount recognized
$
57.4
$
134.5
June 30, 2012
2011
Projected benefit obligation
$
171.5
$
150.7
Accumulated benefit obligation $
161.8
$
143.2
Fair value of plan assets $
60.8
$
55.6