DuPont 2008 Annual Report Download - page 91

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Summarized information on the company’s pension and other long-term employee benefit plans is as follows:
Obligations and Funded Status at December 31, 2008 2007 2008 2007
Pension Benefits Other Benefits
Change in benefit obligation
Benefit obligation at beginning of year $22,206 $22,849 $ 3,796 $ 4,396
Service cost 209 383 29 34
Interest cost 1,286 1,228 226 242
Plan participants’ contributions 13 13 131 149
Actuarial loss (gain) (664) (728) 347 (565)
Benefits paid (1,548) (1,544) (457) (464)
Amendments 4--2
Net effects of acquisitions/divestitures -5-2
Benefit obligation at end of year $21,506 $22,206 $ 4,072 $ 3,796
Change in plan assets
Fair value of plan assets at beginning of year $22,618 $21,909 $- $-
Actual gain (loss) on plan assets (5,142) 1,963 --
Employer contributions 252 277 326 315
Plan participants’ contributions 13 13 131 149
Benefits paid (1,548) (1,544) (457) (464)
Net effects of acquisitions/divestitures 16 ---
Fair value of plan assets at end of year $16,209 $22,618 $- $-
Funded status
U.S. plans with plan assets $ (3,420) $ 2,061 $- $-
Non-U.S. plans with plan assets (452) (90) --
All other plans (1,425)
1
(1,559)
1
(4,072) (3,796)
Total $ (5,297) $ 412 $(4,072) $(3,796)
Amounts recognized in the Consolidated Balance Sheet
consist of:
Other assets (Note 13) $-$ 2,187 $- $-
Other accrued liabilities (Note 16) (129) (112) (330) (315)
Other liabilities (Note 18) (5,168) (1,663) (3,742) (3,481)
Net amount recognized $ (5,297) $ 412 $(4,072) $(3,796)
1
Includes pension plans maintained around the world where funding is not permissible or customary.
The pre-tax amounts recognized in accumulated other comprehensive loss are summarized below:
December 31, 2008 2007 2008 2007
Pension Benefits Other Benefits
Net loss $8,401 $2,060 $ 792 $ 475
Prior service cost / (benefit) 148 162 (1,012) (1,118)
$8,549 $2,222 $ (220) $ (643)
The accumulated benefit obligation for all pension plans was $19,779 and $20,404 at December 31, 2008, and 2007,
respectively.
F-35
E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)