DELPHI 2012 Annual Report Download - page 107
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85
The projected benefit obligation (“PBO”), accumulated benefit obligation (“ABO”), and fair value of plan assets for
pension plans with accumulated benefit obligations in excess of plan assets and with plan assets in excess of accumulated
benefit obligations are as follows:
U.S. Plans Non-U.S. Plans
2012 2011 2012 2011
(in millions)
Plans with ABO in Excess of Plan Assets
PBO $ 80 $ 83 $ 1,813 $ 1,480
ABO 80 83 1,619 1,320
Fair value of plan assets at end of year — — 973 883
Plans with Plan Assets in Excess of ABO
PBO $ — $ — $ 159 $ 116
ABO — — 103 76
Fair value of plan assets at end of year — — 136 104
Total
PBO $ 80 $ 83 $ 1,972 $ 1,596
ABO 80 83 1,722 1,396
Fair value of plan assets at end of year — — 1,109 987
Benefit costs presented below were determined based on actuarial methods and included the following:
U.S. Plans
Year Ended December 31,
2012 2011 2010
(in millions)
Interest cost ..................................................................................................... $ 3 $ 3 $ 4
Net periodic benefit cost.......................................................................... $ 3 $ 3 $ 4
Non-U.S. Plans
Year Ended December 31,
2012 2011 2010
(in millions)
Service cost.................................................................................................... $ 44 $ 45 $ 38
Interest cost.................................................................................................... 84 87 84
Expected return on plan assets ...................................................................... (65)(61)(55)
Settlement gain.............................................................................................. —(1)(1)
Curtailment (gain) loss .................................................................................. —(3)(9)
Amortization of actuarial losses.................................................................... — — 3
Other.............................................................................................................. 1——
Net periodic benefit cost ........................................................................ $ 64 $ 67 $ 60
Other postretirement benefit obligations were approximately $15 million at December 31, 2012, and not significant at
December 31, 2011.
Experience gains and losses, as well as the effects of changes in actuarial assumptions and plan provisions greater than
10% of the PBO for a particular plan are amortized over the average future service period of employees. The estimated
actuarial loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into
net periodic benefit cost in 2013 is $7 million.