E-Z-GO 2010 Annual Report Download - page 84

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72
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 $95 million, $96 million and $110 million in 2010, 2009 and 2008,
respectively; these amounts include $25 million, $28 million and $28 million, respectively, in contributions to the RAP. 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:
Pension Benefits
Postretirement Benefits
Other than Pensions
(In millions)
2010
2009
2008
2010
2009
2008
Net periodic benefit cost
Service cost
$ 124
$ 116
$ 146
$ 8
$ 8
$ 8
Interest cost
328
323
322
34
38
40
Expected return on plan assets
(385)
(404)
(427)
—
—
—
Amortization of prior service cost (credit)
16
18
19
(4)
(5)
(5)
Amortization of net loss
41
10
25
11
8
15
Curtailment and special termination charges
2
34
18
—
(5)
—
Settlements and disbursements
—
—
(4)
—
—
—
Net periodic benefit cost
$ 126
$ 97
$ 99
$ 49
$ 44
$ 58
Other changes in plan assets and benefit obligations
recognized in OCI, including foreign exchange
Amortization of net loss
$ (41)
$ (10)
$ (25)
$ (11)
$ (8)
$ (15)
Net loss (gain) arising during the year
171
(58)
1,320
—
24
(32)
Amortization of prior service credit (cost)
(16)
(48)
(19)
4
10
5
Prior service cost (credit) arising during the year
5
26
7
(16)
2
(27)
Other charges
(1)
—
(18)
—
—
—
Total recognized in OCI
$ 118
$ (90)
$ 1,265
$ (23)
$ 28
$ (69)
Total recognized in net periodic benefit cost and OCI
$ 244
$ 7
$ 1,364
$ 26
$ 72
$ (11)
The estimated amount that will be amortized from accumulated other comprehensive income into net periodic pension costs in 2011 is
as follows:
(In millions)
Pension
Benefits
Postretirement
Benefits
Other than
Pensions
Net loss
$ 75
$ 11
Prior service cost (credit)
16
(8)
$ 91
$ 3