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80 CANON ANNUAL REPORT 2009
Components of net periodic benefi t cost and other amounts recognized in other comprehensive income (loss)
Net periodic benefi t cost for Canon’s employee retirement and severance defi ned benefi t plans for the years ended December 31,
2009, 2008 and 2007 consisted of the following components:
Years ended December 31 Japanese plans Foreign plans
Millions of yen
Thousands of
U.S. dollars Millions of yen
Thousands of
U.S. dollars
2009 2008 2007 2009 2009 2008 2007 2009
Service cost ¥ 21,759 ¥ 20,786 ¥ 20,161 $ 236,511 ¥ 2,426 ¥ 3,141 ¥ 4,016 $26,369
Interest cost 12,535 12,253 11,888 136,250 4,251 4,991 4,947 46,207
Expected return on plan assets (15,808) (19,721) (21,148) (171,826) (4,211) (5,519) (5,427) (45,772)
Amortization of
net transition obligation 722 722 722 7,848 — — — —
Amortization of
prior service credit (13,650) (13,373) (13,479) (148,370) (98) (271) (86) (1,065)
Amortization of actuarial loss 13,923 7,068 4,868 151,337 1,014 898 887 11,022
¥ 19,481 ¥ 7,735 ¥ 3,012 $ 211,750 ¥ 3,382 ¥ 3,240 ¥ 4,337 $36,761
Other changes in plan assets and benefi t obligations recognized in other comprehensive income (loss) for the years ended
December 31, 2009 and 2008 are summarized as follows:
The estimated net transition obligation, prior service credit
and actuarial loss for the defi ned benefi t pension plans that will
be amortized from accumulated other comprehensive income
Japanese plans Foreign plans
Millions of yen
Thousands of
U.S. dollars Millions of yen
Thousands of
U.S. dollars
Net transition obligation ¥ 722 $ 7,848 ¥ — $ —
Prior service credit (12,873) (139,924) (117) (1,272)
Actuarial loss 12,639 137,380 1,245 13,533
(loss) into net periodic benefi t cost over the next year are
summarized as follows:
Assumptions
Weighted-average assumptions used to determine benefi t obligations are as follows:
December 31 Japanese plans Foreign plans
2009 2008 2009 2008
Discount rate 2.3% 2.4% 5.2% 5.3%
Assumed rate of increase in future compensation levels 3.0% 3.0% 3.5% 3.1%
Years ended December 31 Japanese plans Foreign plans
Millions of yen
Thousands of
U.S. dollars Millions of yen
Thousands of
U.S. dollars
2009 2008 2009 2009 2008 2009
Current year actuarial (gain) loss ¥ 14 ¥ 111,862 $ 153 ¥ 2,900 ¥ 9,451 $31,522
Amortization of actuarial loss (13,923) (7,068) (151,337) (1,014) (898) (11,022)
Prior service credit due to amendments (674) (204) (7,326) — (86) —
Amortization of prior service credit 13,650 13,373 148,370 98 271 1,065
Amortization of net transition obligation (722) (722) (7,848) — — —
¥ (1,655) ¥ 117,241 $ (17,988) ¥ 1,984 ¥ 8,738 $21,565
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
CANON INC. AND SUBSIDIARIES
Canon AR09_FS_0325_ipc .indd 80 10.3.26 2:47:09 PM