Ameriprise 2011 Annual Report Download - page 170
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The following tables provide a reconciliation of the changes in the benefit obligation and fair value of assets for the pension
plans:
2011 2010
(in millions)
Benefit obligation, January 1 $ 469 $ 421
Service cost 38 33
Interest cost 23 23
Benefits paid (6) (6)
Actuarial loss 40 23
Settlements (18) (24)
Foreign currency rate changes — (1)
Benefit obligation, December 31 $ 546 $ 469
2011 2010
(in millions)
Fair value of plan assets, January 1 $ 327 $ 256
Actual return on plan assets (12) 39
Employer contributions 72 64
Benefits paid (6) (6)
Settlements (18) (24)
Foreign currency rate changes (1) (2)
Fair value of plan assets, December 31 $ 362 $ 327
The following table provides the amounts recognized in the Consolidated Balance Sheets, which equal the funded status of
the Company’s pension plans:
December 31,
2011 2010
(in millions)
Benefit liability $ (189) $ (162)
Benefit asset 5 20
Net amount recognized $ (184) $ (142)
The Company complies with the minimum funding requirements in all countries.
The amounts recognized in accumulated other comprehensive income (loss), net of tax, as of December 31, 2011 but not
recognized as components of net periodic benefit cost included an unrecognized actuarial loss of $87 million and an
unrecognized prior service credit of $5 million. The estimated amounts that will be amortized from accumulated other
comprehensive income (loss), net of tax, into net periodic benefit cost in 2012 include a prior service credit of $1 million.
The accumulated benefit obligation for all pension plans as of December 31, 2011 and 2010 was $493 million and
$423 million, respectively. The accumulated benefit obligation and fair value of plan assets for pension plans with
accumulated benefit obligations that exceeded the fair value of plan assets were as follows:
December 31,
2011 2010
(in millions)
Accumulated benefit obligation $ 434 $ 376
Fair value of plan assets 282 248
The projected benefit obligation and fair value of plan assets for pension plans with projected benefit obligations that
exceeded the fair value of plan assets were as follows:
December 31,
2011 2010
(in millions)
Projected benefit obligation $ 470 $ 410
Fair value of plan assets 282 248
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