DuPont 2013 Annual Report Download - page 81

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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
F-34
Summarized information on the company's pension and other long-term employee benefit plans is as follows:
Pension Benefits Other Benefits
Obligations and Funded Status at December 31, 2013 2012 2013 2012
Change in benefit obligation
Benefit obligation at beginning of year $ 29,179 $ 27,083 $ 3,532 $ 4,379
Service cost 271 277 29 37
Interest cost 1,088 1,165 130 174
Plan participants' contributions 23 24 33 110
Actuarial (gain) loss (2,104) 2,245 (515) 60
Benefits paid (1,626)(1,593)(240)(371)
Amendments (62)(22)(211)1(857)2
Net effects of acquisitions/divestitures (480) — (4) —
Benefit obligation at end of year $ 26,289 $ 29,179 $ 2,754 $ 3,532
Change in plan assets
Fair value of plan assets at beginning of year $ 19,399 $ 17,794 $ — $ —
Actual gain on plan assets 2,714 2,326 — —
Employer contributions 313 848 207 261
Plan participants' contributions 23 24 33 110
Benefits paid (1,626)(1,593)(240)(371)
Net effects of acquisitions/divestitures (209) — — —
Fair value of plan assets at end of year $ 20,614 $ 19,399 $ — $ —
Funded status
U.S. plans with plan assets $ (3,546) $ (6,625) $ — $ —
Non-U.S. plans with plan assets (686)(1,443) — —
All other plans (1,443)3(1,712)3(2,754)(3,532)
Total $ (5,675) $ (9,780) $ (2,754) $ (3,532)
Amounts recognized in the Consolidated Balance
Sheets consist of:
Other assets $ 11 $ 5 $ — $ —
Other accrued liabilities (Note 13) (111)(110)(224)(257)
Other liabilities (Note 15) (5,575)(9,303)(2,530)(3,271)
Liabilities related to assets held for sale — (372) — (4)
Net amount recognized $ (5,675) $ (9,780) $ (2,754) $ (3,532)
1. Primarily due to amendments in 2013 to the company's U.S. parent company retiree life insurance plan for employees retiring on and after January 1, 2015
and subsidiaries retiree health care plans.
2. Primarily due to an amendment in 2012 to the company's U.S. parent company retiree medical and dental plans for Medicare eligible pensioners and survivors
from the company sponsored group plans to a company-funded Health Reimbursement Arrangement (HRA).
3. Includes pension plans maintained around the world where funding is not customary.