AbbVie 2013 Annual Report Download - page 88
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Amounts Recognized in AOCI and OCI
The defined benefit pension and other post-employment plans’ actuarial 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 gains and losses included in OCI.
years ended December 31 (in millions) 2013 2012 2011
Defined benefit plans
Actuarial (gain) loss $(715) $ 98 19
Prior service cost 15 9 —
Amortization of actuarial losses and prior service costs (114) (7) (2)
Foreign exchange loss 2 5 2
Total pretax (gain) loss recognized in OCI $(812) $105 $19
Other post-employment plans
Actuarial (gain) loss $ (42) $ 69 $—
Prior service cost (53) — —
Total pretax (gain) loss recognized in OCI $ (95) $ 69 $—
The pretax amount of actuarial (gain) loss and prior service cost included in AOCI at December 31,
2013 that is expected to be recognized in the net periodic benefit cost in 2014 is $69 million for defined
benefit plans and $(4) million for other post-employment plans.
Net Periodic Benefit Cost
years ended December 31 (in millions) 2013 2012 2011
Defined benefit plans
Service cost $ 184 $ 21 $ 18
Interest cost 196 38 32
Expected return on plan assets (259) (29) (21)
Amortization of actuarial losses and prior service costs 114 7 2
Net periodic pension benefit cost $ 235 $ 37 $ 31
Other post-employment plans
Service cost $ 23 — —
Interest cost 19——
Amortization of actuarial gain and prior service costs (1) — —
Net periodic OPEB cost $ 41 $ — $ —
Weighted-Average Assumptions Used in Determining Benefit Obligations at the Measurement Date
2013 2012
Defined benefit plans
Discount rate 4.9% 4.0%
Rate of compensation increases 5.0% 3.9%
Other post-employment plans
Discount rate 5.3% 4.3%
Rate of compensation increases 6.0% 3.5%
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