AMD 2007 Annual Report Download - page 269

Spansion Inc.
Notes to Consolidated Financial Statements—(Continued)
The below tables summarizes the funded status of the plan components of the minimum pension liability and the related amounts recognized in the
statement of financial position as of December 31, 2006:
Dec. 31,
2006
Dec. 25,
2005
(in thousands)
Change in Projected Benefit Obligation
Benefit obligation, beginning of year $ (76,024) $ (81,818)
Service cost (5,123) (1,612)
Interest cost (1,517) (376)
Actuarial (loss)/gain 87 2,931
Benefits paid 628 526
Foreign currency exchange rate changes 1,893 4,325
Benefit obligation, end of year $ (80,056) $ (76,024)
Dec. 31,
2006
Dec. 25,
2005
(in thousands)
Change in Projected Benefit Obligation
Change in Fair Value of Plan Assets
Fair value of plan assets, beginning of year $ 63,705 $ 48,736
Actual return on plan assets 4,566 3,247
Employer contribution 11,448 14,468
Benefits paid (628) (526)
Foreign currency exchange rate changes (1,827) (2,220)
Fair value of plan assets at December 31, 2006 $ 77,264 $ 63,705
Dec. 31,
2006
Dec. 25,
2005
(in thousands)
Funded status $ (2,792) $ (12,319)
Unrecognized net actuarial loss — 1,965
Unrecognized prior service cost — 11,619
Amount recognized, end of year $ (2,792) $ 1,265
Amount recognized in the statement of financial position consist of:
Current liability $ — $ —
Noncurrent liability (2,792) —
Prepaid benefit cost — 1,265
Intangible asset — (11,619)
Accumulated other comprehensive income — (1,965)
$ (2,792) $ (12,319)
Amount recognized in accumulated other comprehensive income consist of:
Net actuarial loss/(gain) $ 127 $ —
Prior service cost 10,626 —
$ 10,753 $ —
Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008