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Strategy Business Units Management System FINANCIAL SECTION
68
Millions of yen
Thousands of
U.S. dollars Millions of yen
Thousands of
U.S. dollars
Japanese plans Foreign plans
Thousands of
U.S. dollarsMillions of yen
Japanese plans
Change in benefit obligations:
Benefit obligations at beginning of year
Service cost
Interest cost
Plan participants’ contributions
Amendments
Actuarial loss
Benefits paid
Foreign currency exchange rate changes
Benefit obligations at end of year
Change in plan assets:
Fair value of plan assets at beginning
of year
Actual return on plan assets
Employer contributions
Plan participants’ contributions
Benefits paid
Foreign currency exchange rate changes
Fair value of plan assets at end of year
Funded status at end of year
2012 2011 2012 2012 2011 2012
¥ 626,924
25,738
11,788
—
—
6,049
(18,979)
—
651,520
448,736
41,593
22,589
—
(17,466)
—
495,452
¥ (156,068)
¥ 593,274
25,875
12,354
—
(1,913)
14,845
(17,511)
—
626,924
460,090
(17,285)
22,282
—
(16,351)
—
448,736
¥ (178,188)
$ 7,206,023
295,839
135,494
—
—
69,529
(218,149)
—
7,488,736
5,157,885
478,080
259,644
—
(200,758)
—
5,694,851
$ (1,793,885)
¥ 262,130
5,884
13,176
2,315
—
45,145
(10,407)
46,366
364,609
192,033
25,290
7,832
2,315
(9,825)
31,889
249,534
¥ (115,075)
¥ 261,130
5,756
12,748
2,680
—
3,872
(8,234)
(15,822)
262,130
197,835
2,335
8,228
2,680
(8,201)
(10,844)
192,033
¥ (70,097)
$ 3,012,989
67,632
151,448
26,609
—
518,908
(119,621)
532,943
4,190,908
2,207,276
290,690
90,023
26,609
(112,931)
366,540
2,868,207
$ (1,322,701)
Years ended December 31
Millions of yen
Thousands of
U.S. dollars
Foreign plans
12. EMPLOYEE RETIREMENT AND SEVERANCE BENEFITS
The Company and certain of its subsidiaries have contrib-
utory and noncontributory defined benefit pension plans
covering substantially all of their employees. Benefits pay-
able under the plans are based on employee earnings and
years of service. The Company and certain of its subsidiaries
also have defined contribution pension plans covering sub-
stantially all of their employees.
The amounts of cost recognized for the defined contri-
bution pension plans of the Company and certain of its
subsidiaries for the years ended December 31, 2012, 2011
and 2010 were ¥13,021 million ($149,667 thousand), ¥12,511
million and ¥11,780 million, respectively.
Obligations and funded status
Reconciliations of beginning and ending balances of the benefit obligations and the fair value of the plan assets are as follows:
Amounts recognized in the consolidated balance sheets at December 31, 2012 and 2011 are as follows:
Other assets
Accrued expenses
Accrued pension and severance cost
2012 2011 2012 2012 2011 2012
¥ —
—
(156,068)
¥ (156,068)
¥ 54
—
(178,242)
¥ (178,188)
$ —
—
(1,793,885)
$ (1,793,885)
¥ 1,371
(383)
(116,063)
¥ (115,075)
¥ 1,397
(132)
(71,362)
¥ (70,097)
$ 15,759
(4,402)
(1,334,058)
$ (1,322,701)
December 31