DuPont 2006 Annual Report Download - page 104

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Summarized information on the company’s postretirement plans is as follows:
Obligations and Funded Status at December 31, 2006 2005 2006 2005
Pension Benefits Other Benefits
Change in benefit obligation
Benefit obligation at beginning of year $22,935 $21,757 $ 4,089 $ 4,807
Service cost 388 349 33 33
Interest cost 1,192 1,160 215 261
Plan participants’ contributions 911 145 123
Actuarial loss (gain) (609) 1,537 240 (600)
Foreign currency exchange rate changes 365 (402) —1
Benefits paid (1,506) (1,503) (467) (518)
Amendments (1) 3—(19)
Net effects of acquisitions/divestitures 76 23 —1
Benefit obligation at end of year $22,849 $22,935 $ 4,255 $ 4,089
Change in plan assets
Fair value of plan assets at beginning of year $19,792 $18,250 $— $—
Actual gain on plan assets 3,056 2,038 ——
Foreign currency exchange rate changes 250 (261) ——
Employer contributions 280 1,253 322 395
Plan participants’ contributions 911 145 123
Benefits paid (1,506) (1,503) (467) (518)
Net effects of acquisitions/divestitures 28 4——
Fair value of plan assets at end of year $21,909 $19,792 $— $—
Funded status
U.S. plans with plan assets $ 892 $ (1,335) $— $—
Non-U.S. plans with plan assets (317) (385) ——
All other plans (1,515)
1
(1,423)
1
(4,255) (4,089)
Total $ (940) $ (3,143) $(4,255) $(4,089)
Unrecognized prior service cost
2
—211 —(1,432)
Unrecognized actuarial loss
2
—5,275 —860
Unrecognized transition asset
2
—(2) ——
Net amount recognized $ (940) $ 2,341 $(4,255) $(4,661)
Amounts recognized in the Consolidated Balance Sheet
consist of:
Other assets $ 1,040 $ 3,280 ——
Intangible assets —28 ——
Other accrued liabilities (136) (60) (338) (350)
Other liabilities (1,844) (1,750) (3,917) (4,311)
Accumulated other comprehensive loss —843 ——
Net amount recognized $ (940) $ 2,341 $(4,255) $(4,661)
1Includes pension plans maintained around the world where full funding is not permissible or customary.
2On December 31, 2006, the company adopted prospectively SFAS 158 and as required the December 31, 2006 effects are recognized as
a component of the ending balance of Accumulated other comprehensive loss.
Pension Benefits Other Benefits
Net loss $3,070 $ 1,053
Prior service cost/(benefit) 181 (1,276)
$3,251 $ (223)
F-41
E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)