Equifax 2010 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2010 Equifax 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.

Page out of 80

  • 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

Included in accumulated other comprehensive loss at December 31, 2010 and 2009, were the following amounts that have not yet been
recognized in net periodic pension cost:
Pension Benefits Other Benefits
(In millions) 2010 2009 2010 2009
Prior service cost, net of accumulated taxes of $1.3 and $1.4 in 2010 and 2009,
respectively, for pension benefits and $(0.4) and $(0.5) in 2010 and 2009,
respectively, for other benefits $ 2.2 $ 2.3 $ (0.8) $ (0.9)
Net actuarial loss, net of accumulated taxes of $130.6 and $116.9 in 2010 and
2009, respectively, for pension benefits and $7.1 in both 2010 and 2009 for
other benefits 227.5 202.5 12.4 12.3
Accumulated other comprehensive loss $229.7 $204.8 $11.6 $11.4
The following indicates amounts recognized in other comprehensive income during the twelve months ended December 31, 2010 and 2009:
Pension Benefits Other Benefits
(In millions) 2010 2009 2010 2009
Amounts arising during the period:
Net actuarial loss (gain), net of taxes of $17.2 and $8.1 in 2010 and 2009,
respectively, for pension benefits and $0.4 and $0.9 in 2010 and 2009,
respectively, for other benefits $31.0 $11.7 $ 0.8 $ 1.6
Foreign currency exchange rate (gain) loss, net of taxes of $(0.1) and $0.5 in 2010
and 2009, respectively, for pension benefits (0.1) 1.0 ——
Prior service (credit) cost, net of taxes of $0.2 for pension benefits in 2010 0.4 ———
Amounts recognized in net periodic benefit cost during the period:
Recognized actuarial loss, net of taxes of $(3.4) and $(3.2) in 2010 and 2009,
respectively, for pension benefits and $(0.4) in 2010 and 2009 for other benefits (5.8) (5.5) (0.8) (0.7)
Amortization of prior service cost, net of taxes of $(0.3) in 2010 and 2009 for
pension benefits and $0.1 in 2010 and 2009 for other benefits (0.5) (0.5) 0.1 0.1
Total recognized in other comprehensive income $25.0 $ 6.7 $ 0.1 $ 1.0
Components of Net Periodic Benefit Cost.
Pension Benefits Other Benefits
(In millions) 2010 2009 2008 2010 2009 2008
Service cost $ 6.4 $ 5.3 $ 11.0 $ 0.5 $ 0.5 $ 0.5
Interest cost 34.9 35.1 34.8 1.7 1.8 1.9
Expected return on plan assets (44.8) (44.8) (45.2) (1.5) (1.5) (1.5)
Amortization of prior service cost 0.8 0.8 0.9 (0.2) (0.2) 0.4
Recognized actuarial loss 9.2 8.7 5.6 1.2 1.1 0.6
Special termination benefit —0.1 — ———
Total net periodic benefit cost $ 6.5 $ 5.2 $ 7.1 $ 1.7 $ 1.7 $ 1.9
EQUIFAX 2010 ANNUAL REPORT 61
61