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The accumulated benefit obligation for the USRIP, CRIP and
Supplemental Retirement Plans was $710.3 million at December 31,
2011. The accumulated benefit obligation for the USRIP, CRIP and
Supplemental Retirement Plans was $646.3 million at December 31,
2010.
At December 31, 2011, the USRIP and Supplemental Retirement
Plans had projected benefit obligations and accumulated benefit
obligations in excess of those plans’ respective assets. The projected
benefit obligation, accumulated benefit obligation and fair value of
plan assets for these plans in the aggregate were $697.4 million,
$669.1 million and $535.8 million, respectively, at December 31,
2011. The CRIP plan assets exceeded the accumulated benefit
obligation at December 31, 2011. The projected benefit obligation,
accumulated benefit obligation and fair value of plan assets for the
CRIP were $48.7 million, $41.2 million and $47.2 million, respectively,
at December 31, 2011.
At December 31, 2010, the USRIP and Supplemental Retirement
Plans had projected benefit obligations and accumulated benefit
obligations in excess of those plans’ respective assets. The projected
benefit obligation, accumulated benefit obligation and fair value of
plan assets for these plans in the aggregate were $631.3 million,
$605.6 million and $519.2 million, respectively, at December 31,
2010. At December 31, 2010, the CRIP plan assets were in excess
of the projected benefit obligation and accumulated benefit obliga-
tion. The projected benefit obligation, accumulated benefit obligation
and fair value of plan assets for the CRIP were $46.7 million,
$40.7 million and $50.7 million, respectively, at December 31, 2010.
The following table represents the net amounts recognized, or the funded status of our pension and other postretirement benefit plans, in our
Consolidated Balance Sheets at December 31, 2011 and 2010:
Pension Benefits Other Benefits
(In millions) 2011 2010 2011 2010
Amounts recognized in the statements of financial position consist of:
Prepaid pension asset $— $ 4.0 $— $—
Current liabilities (3.8) (3.8) ——
Long-term liabilities (159.3) (108.3) (10.6) (14.6)
Net amount recognized $(163.1) $(108.1) $(10.6) $(14.6)
Included in accumulated other comprehensive loss at December 31, 2011 and 2010, were the following amounts that have not yet been
recognized in net periodic pension cost:
Pension Benefits Other Benefits
(In millions) 2011 2010 2011 2010
Prior service cost, net of accumulated taxes of $0.9 and $1.3 in 2011 and 2010,
respectively, for pension benefits and $(0.4) in 2011 and 2010 for other benefits $ 1.8 $ 2.2 $ (0.6) $ (0.8)
Net actuarial loss, net of accumulated taxes of $165.6 and $130.6 in 2011 and
2010, respectively, for pension benefits and $6.0 and $7.1 in 2011 and 2010,
respectively, for other benefits 288.6 227.5 10.5 12.4
Accumulated other comprehensive loss $290.4 $229.7 $ 9.9 $11.6
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
EQUIFAX 2011 ANNUAL REPORT
62