DELPHI 2013 Annual Report Download - page 107
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85
The amounts shown below reflect the change in the non-U.S. defined benefit pension obligations during 2013 and 2012.
Year ended
December 31,
2013
Year ended
December 31,
2012
(in millions)
Benefit obligation at beginning of year............................................................................ $ 1,972 $ 1,596
Liabilities assumed in the acquisition............................................................................ — 29
Divestitures .................................................................................................................... — (5)
Service cost.................................................................................................................... 53 44
Interest cost.................................................................................................................... 85 84
Actuarial loss ................................................................................................................. 39 234
Benefits paid .................................................................................................................. (86)(82)
Impact of curtailments ................................................................................................... (5) —
Plan amendments ........................................................................................................... — 2
Exchange rate movements and other ............................................................................. 47 70
Benefit obligation at end of year...................................................................................... $ 2,105 $ 1,972
Change in plan assets:
Fair value of plan assets at beginning of year................................................................ $ 1,109 $ 987
Assets acquired in the acquisition............................................................................. — 5
Actual return on plan assets ...................................................................................... 56 91
Delphi contributions.................................................................................................. 98 59
Benefits paid ............................................................................................................. (86)(82)
Exchange rate movements and other......................................................................... 22 49
Fair value of plan assets at end of year.......................................................................... $ 1,199 $ 1,109
Underfunded status ........................................................................................................ $ (906) $ (863)
Amounts recognized in the consolidated balance sheets consist of:
Current liabilities ........................................................................................................... (14)(23)
Non-current liabilities.................................................................................................... (892)(840)
Total........................................................................................................................... $ (906) $ (863)
Amounts recognized in accumulated other comprehensive income consist of (pre-tax):
Actuarial loss ................................................................................................................. $ 278 $ 228
Prior service cost............................................................................................................ 1 1
Total........................................................................................................................... $ 279 $ 229