Estee Lauder 2008 Annual Report Download - page 100

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The signifi cant components of the above mentioned plans as of and for the years ended June 30 are summarized
as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement
2008 2007 2008 2007 2008 2007
(In millions)
Change in benefi t obligation:
Benefi t obligation at beginning of year $440.5 $417.5 $294.8 $284.3 $ 105.3 $ 101.8
Service cost 19.7 18.4 17.1 16.2 3.8 4.1
Interest cost 26.2 25.0 15.1 12.8 6.2 5.9
Plan participant contributions — — 1.9 1.5 0.4 0.3
Actuarial loss (gain) (13.1) 4.4 (13.2) (10.2) (2.0) (4.0)
Foreign currency exchange rate impact — — 26.3 11.9 0.6 0.7
Benefi ts, expenses, taxes and premiums paid (42.8) (24.8) (19.8) (20.3) (3.9) (3.5)
Plan amendments 2.1 — 31.9 — — —
Special termination benefi ts — — 1.2 1.6 — —
Acquisitions, divestitures, adjustments — — 51.8 (1.7) — —
Settlements and curtailments — — (2.7) (1.3) — —
Benefi t obligation at end of year $432.6 $440.5 $404.4 $294.8 $ 110.4 $ 105.3
Change in plan assets:
Fair value of plan assets at beginning of year $430.5 $376.0 $281.8 $242.1 $— $—
Actual return on plan assets (0.4) 54.0 (18.9) 26.1 — —
Foreign currency exchange rate impact — — 20.6 9.7 — —
Employer contributions 32.7 25.3 35.3 24.0 3.5 3.2
Plan participant contributions — — 1.9 1.5 0.4 0.3
Settlements and curtailments — — (2.7) (1.3) — —
Acquisitions, divestitures, adjustments — — 47.5 — — —
Benefi ts, expenses, taxes and premiums
paid from plan assets (42.8) (24.8) (19.8) (20.3) (3.9) (3.5)
Fair value of plan assets at end of year $420.0 $430.5 $345.7 $281.8 $— $—
Funded status $ (12.6) $ (10.0) $ (58.7) $ (13.0) $(110.4) $(105.3)
Amounts recognized in the Balance Sheet
consist of:
Other assets, net $ 71.9 $ 79.2 $ 23.7 $ 48.8 $— $—
Other accrued liabilities (6.3) (11.3) (4.6) (4.6) (3.6) (3.1)
Other noncurrent liabilities (78.2) (77.9) (77.8) (57.2) (106.8) (102.2)
Funded status (12.6) (10.0) (58.7) (13.0) (110.4) (105.3)
Accumulated other comprehensive loss 72.1 53.4 81.6 35.3 8.0 10.0
Net amount recognized $ 59.5 $ 43.4 $ 22.9 $ 22.3 $(102.4) $ (95.3)
98 THE EST{E LAUDER COMPANIES INC.