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CANON ANNUAL REPORT 2015
64
Obligations and funded status
Reconciliations of beginning and ending balances of the projected benefit obligations and the fair value of the plan assets are as follows:
December 31 Japanese plans Foreign plans
Millions of yen Millions of yen
2015 2014 2015 2014
Change in benefit obligations:
Projected benefit obligations at beginning of year ¥ 760,331 ¥ 684,842 ¥ 364,662 ¥ 486,572
Service cost 30,009 26,445 7,760 6,801
Interest cost 8,008 10,772 10,572 10,654
Plan participants’ contributions — — 1,830 1,522
Actuarial (gain) loss 7,481 59,496 (5,534) 44,580
Benefits paid (24,479) (21,224) (6,795) (7,352)
Plan amendments — — (2,655) —
Curtailments and settlements — — — (191,179)
Foreign currency exchange rate changes — — (20,160) 13,064
Projected benefit obligations at end of year 781,350 760,331 349,680 364,662
Change in plan assets:
Fair value of plan assets at beginning of year 622,121 581,996 221,421 360,527
Actual return on plan assets 17,541 43,714 21 17,851
Employer contributions 8,701 15,676 10,864 6,470
Plan participants’ contributions — — 1,830 1,522
Benefits paid (21,788) (19,265) (6,795) (7,041)
Settlements — — — (165,640)
Foreign currency exchange rate changes — — (9,471) 7,732
Fair value of plan assets at end of year 626,575 622,121 217,870 221,421
Funded status at end of year ¥ (154,775) ¥ (138,210) ¥ (131,810) ¥ (143,241)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Amounts recognized in the consolidated balance sheets at December 31, 2015 and 2014 are as follows:
December 31 Japanese plans Foreign plans
Millions of yen Millions of yen
2015 2014 2015 2014
Other assets ¥ 814 ¥ 532 ¥ 9,986 ¥ —
Accrued expenses — — (1,123) (1,055)
Accrued pension and severance cost (155,589) (138,742) (140,673) (142,186)
¥ (154,775) ¥ (138,210) ¥ (131,810) ¥ (143,241)
Amounts recognized in accumulated other comprehensive income (loss) at December 31, 2015 and 2014 before the effect of
income taxes are as follows:
December 31 Japanese plans Foreign plans
Millions of yen Millions of yen
2015 2014 2015 2014
Actuarial loss ¥ 208,946 ¥ 209,829 ¥ 71,750 ¥ 69,287
Prior service credit (79,935) (92,527) (2,567) (57)
¥ 129,011 ¥ 117,302 ¥ 69,183 ¥ 69,230