DuPont 2012 Annual Report Download - page 78
Download and view the complete annual report
Please find page 78 of the 2012 DuPont annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
 |
 |
(Dollars in millions, except per share)
The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:
Balance January 1, 2010 $219 $(65) $ (5,967) $ 41 $ 1 $ (5,771)
Other comprehensive income (loss)
attributable to DuPont (6) 34 (65) 17 1 (19)
Balance December 31, 2010 $213 $(31) $ (6,032) $ 58 $ 2 $ (5,790)
Other comprehensive income (loss)
attributable to DuPont (457) 72 (2,244)(332) 1 (2,960)
Balance December 31, 2011 $(244) $ 41 $(8,276) $ (274) $ 3$ (8,750)
Other comprehensive income (loss)
attributable to DuPont 77 (38)(410) 476 (1)104
Balance December 31, 2012 $ (167) $ 3$(8,686) $ 202 $ 2 $ (8,646)
The company offers various long-term benefits to its employees. Where permitted by applicable law, the company reserves the right to change, modify or
discontinue the plans.
The company has both funded and unfunded noncontributory defined benefit pension plans covering a majority of the U.S. employees hired prior to January
1, 2007. The benefits under these plans are based primarily on years of service and employees' pay near retirement. The company's funding policy is
consistent with the funding requirements of federal laws and regulations. Pension coverage for employees of the company's non-U.S. consolidated subsidiaries
is provided, to the extent deemed appropriate, through separate plans. Obligations under such plans are funded by depositing funds with trustees, covered by
insurance contracts, or remain unfunded.
The parent company and certain subsidiaries provide medical, dental and life insurance benefits to pensioners and survivors, and disability and life
insurance protection to employees. The associated plans for retiree benefits are unfunded and the cost of the approved claims is paid from company funds.
Essentially all of the cost and liabilities for these retiree benefit plans are attributable to the U.S. parent company plans. The non-Medicare eligible retiree
medical plan is contributory with pensioners and survivors' contributions adjusted annually to achieve a 50/50 target sharing of cost increases between the
company and pensioners and survivors. In addition, limits are applied to the company's portion of the retiree medical cost coverage. Beginning in 2013, the
company is providing the Medicare eligible pensioners and survivors with a company-funded Health Reimbursement Arrangement (HRA). The majority of
U.S. employees hired on or after January 1, 2007 are not eligible to participate in the post retirement medical, dental and life insurance plans.
Employee life insurance and disability benefit plans are insured in many countries. However, primarily in the U.S., such plans are generally self-insured or
are fully experience-rated. Obligations and expenses for self-insured and fully experience-rated plans are reflected in the figures below.
F-30