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CANON ANNUAL REPORT 2015 65
STRATEGY BUSINESS SEGMENT CORPORATE STRUCTURE FINANCIAL SECTION CORPORATE DATA
The accumulated benefit obligation for all defined benefit plans was as follows:
December 31 Japanese plans Foreign plans
Millions of yen Millions of yen
2015 2014 2015 2014
Accumulated benefit obligation ¥ 740,545 ¥ 720,034 ¥ 338,160 ¥ 343,023
The projected benefit obligations and the fair value of plan assets for the pension plans with projected benefit obligations in
excess of plan assets, and the accumulated benefit obligations and the fair value of plan assets for the pension plans with accu-
mulated benefit obligations in excess of plan assets are as follows:
December 31 Japanese plans Foreign plans
Millions of yen Millions of yen
2015 2014 2015 2014
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligations ¥ 777,458 ¥ 756,941 ¥ 346,749 ¥ 364,662
Fair value of plan assets 621,869 618,199 204,953 221,421
Plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligations ¥ 731,537 ¥ 716,940 ¥ 331,351 ¥ 339,305
Fair value of plan assets 615,963 618,199 200,891 216,560
Components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss)
Net periodic benefit cost for Canon’s employee retirement and severance defined benefit plans for the years ended December
31, 2015, 2014 and 2013 consisted of the following components:
Years ended December 31 Japanese plans Foreign plans
Millions of yen Millions of yen
2015 2014 2013 2015 2014 2013
Service cost ¥ 30,009 ¥ 26,445 ¥ 26,005 ¥ 7,760 ¥ 6,801 ¥ 9,448
Interest cost 8,008 10,772 11,655 10,572 10,654 14,299
Expected return on plan assets (19,579) (18,018) (15,273) (11,857) (10,637) (13,949)
Amortization of prior service credit (12,592) (12,800) (12,306) (145) (61) (143)
Amortization of actuarial loss 10,402 10,023 13,546 3,839 1,698 2,005
(Gain) loss on curtailments and settlements — — — — (9,370) 146
¥ 16,248 ¥ 16,422 ¥ 23,627 ¥ 10,169 ¥ (915) ¥ 11,806
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) for the years ended
December 31, 2015, 2014 and 2013 are summarized as follows:
Years ended December 31 Japanese plans Foreign plans
Millions of yen Millions of yen
2015 2014 2013 2015 2014 2013
Current year actuarial (gain) loss ¥ 9,519 ¥ 33,800 ¥ (54,150) ¥ 6,302 ¥ 37,366 ¥ 2,290
Current year prior service credit — — — (2,655) — —
Amortization of actuarial loss (10,402) (10,023) (13,546) (3,839) (1,698) (2,005)
Amortization of prior service credit 12,592 12,800 12,306 145 61 143
Curtailments and settlements — — — — (16,725) (358)
¥ 11,709 ¥ 36,577 ¥ (55,390) ¥ (47) ¥ 19,004 ¥ 70