DELPHI 2012 Annual Report Download - page 106

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84
The amounts shown below reflect the change in the non-U.S. defined benefit pension obligations during 2012 and 2011.
Year ended
December 31,
2012
Year ended
December 31,
2011
(in millions)
Benefit obligation at beginning of period ........................................................................ $ 1,596 $ 1,518
Liabilities assumed in the acquisition............................................................................ 29 —
Divestitures .................................................................................................................... (5) —
Service cost.................................................................................................................... 44 45
Interest cost.................................................................................................................... 84 87
Actuarial loss ................................................................................................................. 234 43
Benefits paid .................................................................................................................. (82)(75)
Impact of curtailments ................................................................................................... — (3)
Plan amendments and other ........................................................................................... 2 2
Exchange rate movements ............................................................................................. 70 (21)
Benefit obligation at end of period................................................................................... $ 1,972 $ 1,596
Change in plan assets:
Fair value of plan assets at beginning of period ............................................................ $ 987 $ 910
Assets acquired in the acquisition............................................................................. 5 —
Actual return on plan assets ...................................................................................... 91 10
Delphi contributions.................................................................................................. 59 151
Benefits paid ............................................................................................................. (82)(75)
Exchange rate movements and other......................................................................... 49 (9)
Fair value of plan assets at end of period....................................................................... $ 1,109 $ 987
Underfunded status ........................................................................................................ $ (863) $ (609)
Amounts recognized in the consolidated balance sheets consist of:
Current liabilities ........................................................................................................... (23)(16)
Non-current liabilities.................................................................................................... (840)(593)
Total........................................................................................................................... $ (863) $ (609)
Amounts recognized in accumulated other comprehensive income consist of (pre-tax):
Actuarial loss ................................................................................................................. $ 228 $ 17
Prior service cost............................................................................................................ 1 1
Total........................................................................................................................... $ 229 $ 18