Estee Lauder 2008 Annual Report Download - page 102

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100 THE EST{E LAUDER COMPANIES INC.
Amounts recognized in accumulated other comprehensive (income) loss (before tax) as of June 30, 2008 are
as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement Total
(In millions)
Net actuarial (gains) losses, beginning of year $48.2 $33.6 $10.1 $ 91.9
Actuarial (gains) losses recognized 19.0 21.1 (1.9) 38.2
Amortization of amounts included in net periodic
benefi t cost (1.7) (6.6) (0.1) (8.4)
Translation adjustments — 0.3 — 0.3
Net actuarial (gains) losses, end of year 65.5 48.4 8.1 122.0
Net prior service cost (credit), beginning of year 5.2 1.7 (0.1) 6.8
Prior service cost (credit) recognized 2.1 31.9 — 34.0
Amortization of amounts included in net periodic
benefi t cost (0.7) (0.3) — (1.0)
Net prior service cost (credit), end of year 6.6 33.3 (0.1) 39.8
Net transition obligation (asset), beginning of year — — — —
Amortization of amounts included in net periodic
benefi t cost — (0.1) — (0.1)
Net transition obligation (asset), end of year — (0.1) — (0.1)
Total amounts recognized in accumulated other
comprehensive (income) loss $72.1 $81.6 $ 8.0 $161.7
Amounts in accumulated other comprehensive (income) loss expected to be amortized as components of net periodic
benefi t cost during fi scal 2009 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement
(In millions)
Prior service cost $0.7 $2.8 $ —
Net actuarial loss $1.7 $0.8 $ —
The projected benefi t obligation, accumulated benefi t obligation and fair value of plan assets for the Company’s pension
plans at June 30 are as follows:
Pension Plans
Retirement
Growth Account Restoration International
2008 2007 2008 2007 2008 2007
(In millions)
Projected benefi t obligation $348.1 $351.2 $84.5 $89.3 $404.4 $294.8
Accumulated benefi t obligation $299.1 $299.4 $65.7 $71.8 $353.0 $255.1
Fair value of plan assets $420.0 $430.5 $— $— $345.7 $281.8
International pension plans with projected benefi t obligations in excess of the plans’ assets had aggregate projected
benefi t obligations of $298.6 million and $115.4 million and aggregate fair value of plan assets of $216.2 million and $53.6
million at June 30, 2008 and 2007, respectively. International pension plans with accumulated benefi t obligations in excess
of the plans’ assets had aggregate accumulated benefi t obligations of $95.2 million and $81.2 million and aggregate fair
value of plan assets of $41.4 million and $35.3 million at June 30, 2008 and 2007, respectively.