E-Z-GO 2009 Annual Report Download - page 85

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Notes to the Consolidated Financial Statements
76
We also have domestic and foreign funded and unfunded defined benefit pension plans that cover certain of our U.S. and foreign employees. In
addition, several defined contribution plans are sponsored by our various businesses. The largest such plan is the Textron Savings Plan, which is
a qualified 401(k) plan subject to ERISA in which a significant number of our U.S.-based employees participate. Our defined contribution plans
cost approximately $96 million in 2009, $110 million in 2008 and $82 million in 2007.
We also provide postretirement benefits other than pensions for certain retired employees in the U.S., which include healthcare, dental care,
Medicare Part B reimbursement and life insurance benefits.
Periodic Benefit Cost
The components of our net periodic benefit cost and other amounts recognized in OCI are as follows:
Postretirement Benefits
Pension Benefits Other than Pensions
(In millions) 2009 2008 2007 2009 2008 2007
Net periodic benefit cost:
Service cost $ 116 $ 141 $ 127 $ 8 $ 8 $ 8
Interest cost 310 302 271 38 40 39
Expected return on plan assets (386) (404) (369) — — —
Amortization of prior service cost (credit) 18 19 18 (5) (5) (4)
Amortization of net loss 10 19 40 8 15 20
Curtailment and special termination charges 34 — — (5) — —
Net periodic benefit cost $ 102 $ 77 $ 87 $ 44 $ 58 $ 63
Other changes in plan assets and benefit obligations
recognized in OCI (including foreign exchange):
Amortization of net loss $ (10) $ (19) $ (40) $ (8) $ (15) $ (20)
Net loss (gain) arising during the year (93) 1,329 (30) 24 (32) (52)
Amortization of prior service credit (cost) (48) (19) (18) 10 5 4
Prior service cost (credit) arising during the year 26 7 44 2 (27) (5)
Total recognized in OCI $ (125) $ 1,298 $ (44) $ 28 $ (69) $ (73)
Total recognized in net periodic benefit cost and OCI $ (23) $ 1,375 $ 43 $ 72 $ (11) $ (10)
We estimate that the net loss and prior service cost for the defined benefit pension plans that will be amortized from OCI into net periodic
benefit costs in 2010 will be $34 million and $23 million, respectively. The estimated net loss and prior service credit for postretirement benefits
other than pensions that will be amortized from OCI into net periodic benefit costs in 2010 will be $11 million and $4 million, respectively. OCI
also includes $1 million, $9 million and $13 million of amortization of net loss and prior service cost and $35 million, $12 million and
$31 million of net loss and prior service costs arising during 2009, 2008 and 2007, respectively, related to discontinued operations.