AbbVie 2012 Annual Report Download - page 90
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For plans reflected in the table above, the accumulated benefit obligations (ABO) were $1.5 billion and
$620 million at December 31, 2012 and 2011, respectively. For those plans reflected in the table above
in which the ABO exceeded plan assets at December 31, 2012, the ABO, PBO and aggregate plan
assets were $951 million, $1.0 billion and $278 million, respectively.
Amounts Recognized in AOCI and OCI
The pension and other post-employment plans’ gains or losses and prior service costs or credits not yet
recognized in net periodic benefit cost are recognized on a net-of-tax basis in AOCI and will be
amortized to net periodic benefit cost in the future. The following is a summary of the pretax losses
included in OCI for 2012 and 2011.
(in millions)
Actuarial loss $167
Prior service cost 9
Amortization of prior service cost and actuarial losses (7)
Foreign exchange loss 5
Total pretax loss recognized in OCI at December 31, 2012 $174
Actuarial loss $19
Amortization of prior service cost and actuarial losses (2)
Foreign exchange loss 2
Total pretax loss recognized in OCI at December 31, 2011 $ 19
The pretax amount of actuarial losses and prior service cost included in AOCI at December 31, 2012
that is expected to be recognized in the net periodic benefit cost in 2013 is $32 million for defined
benefit plans and $3 million for other post-employment plans.
Net Periodic Benefit Cost
years ended December 31 (in millions) 2012 2011 2010
Service cost $21 $18 $15
Interest cost 38 32 32
Expected return on plans assets (29) (21) (16)
Amortization of actuarial losses and prior service costs 7 2 1
Net periodic pension benefit cost $ 37 $ 31 $ 32
Weighted-Average Assumptions Used in Determining Benefit Obligations at the Measurement Date
2012 2011
Discount rate 4.0% 5.1%
Rate of compensation increases 3.9% 4.2%
The assumptions above, which were used in calculating the December 31, 2012 measurement date
benefit obligations, will be used in the calculation of net periodic benefit cost in 2013.
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