DELPHI 2013 Annual Report Download - page 108

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86
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
2013 2012 2013 2012
(in millions)
Plans with ABO in Excess of Plan Assets
PBO......................................................................... $ 69 $ 80 $ 1,956 $ 1,813
ABO ........................................................................ 69 80 1,749 1,619
Fair value of plan assets at end of year ................... — — 1,052 973
Plans with Plan Assets in Excess of ABO
PBO......................................................................... $ — $ — $ 149 $ 159
ABO ........................................................................ — — 100 103
Fair value of plan assets at end of year ................... — — 147 136
Total
PBO......................................................................... $ 69 $ 80 $ 2,105 $ 1,972
ABO ........................................................................ 69 80 1,849 1,722
Fair value of plan assets at end of year ................... — — 1,199 1,109
Benefit costs presented below were determined based on actuarial methods and included the following:
U.S. Plans
Year Ended December 31,
2013 2012 2011
(in millions)
Interest cost ..................................................................................................... $ 2 $ 3 $ 3
Net periodic benefit cost.......................................................................... $ 2 $ 3 $ 3
Non-U.S. Plans
Year Ended December 31,
2013 2012 2011
(in millions)
Service cost.................................................................................................... $ 53 $ 44 $ 45
Interest cost.................................................................................................... 85 84 87
Expected return on plan assets ...................................................................... (70)(65)(61)
Settlement loss (gain) .................................................................................... 2 — (1)
Curtailment gain............................................................................................ — — (3)
Amortization of actuarial losses.................................................................... 7——
Other.............................................................................................................. 1 1 —
Net periodic benefit cost ........................................................................ $ 78 $ 64 $ 67
Other postretirement benefit obligations were approximately $7 million and $15 million at December 31, 2013 and 2012,
respectively.
Experience gains and losses, as well as the effects of changes in actuarial assumptions and plan provisions are recognized
in other comprehensive income. Cumulative gains and losses in excess of 10% of the PBO for a particular plan are amortized
over the average future service period of the employees in that plan. 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 2014 is $8 million.