Estee Lauder 2011 Annual Report Download - page 147

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THE EST{E LAUDER COMPANIES INC. 145
Amounts recognized in accumulated OCI (before tax) as of June 30, 2011 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement Total
(In millions)
Net actuarial (gains) losses, beginning of year $151.0 $125.0 $29.5 $305.5
Actuarial (gains) losses recognized (22.4) (12.3) 4.0 (30.7)
Amortization of amounts included in
net periodic benefit cost (9.7) (14.9) (1.7) (26.3)
Translation adjustments — 14.8 (0.3) 14.5
Net actuarial (gains) losses, end of year 118.9 112.6 31.5 263.0
Net prior service cost (credit), beginning of year
5.1 19.6 (0.9) 23.8
Prior service cost (credit) recognized — 11.4 (0.8) 10.6
Amortization of amounts included in
net periodic benefit cost (0.7) (2.5) 0.1 (3.1)
Translation adjustments — 2.0 (0.1) 1.9
Net prior service cost (credit), end of year 4.4 30.5 (1.7) 33.2
Net transition obligation (asset), beginning of year
— (0.1) — (0.1)
Amortization of amounts included in
net periodic benefit cost — — — —
Net transition obligation (asset), end of year — (0.1) — (0.1)
Total amounts recognized in accumulated OCI $123.3 $143.0 $29.8 $296.1
Amounts in accumulated OCI expected to be amortized as components of net periodic benefit cost during fiscal 2012
are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement
(In millions)
Prior service cost $0.7 $4.0 $(0.2)
Net actuarial loss $7.9 $4.9 $ 1.9
The projected benefit obligation, accumulated benefit 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
2011 2010 2011 2010 2011 2010
(In millions)
Projected benefit obligation $476.8 $458.7 $97.3 $86.9 $451.3 $413.7
Accumulated benefit obligation $422.4 $405.5 $76.1 $71.3 $392.0 $362.6
Fair value of plan assets $554.7 $478.3 $— $ — $391.3 $353.1
International pension plans with projected benefit obligations in excess of the plans’ assets had aggregate projected
benefit obligations of $179.3 million and $158.0 million and aggregate fair value of plan assets of $72.0 million and $70.6
million at June 30, 2011 and 2010, respectively. International pension plans with accumulated benefit obligations in excess
of the plans’ assets had aggregate accumulated benefit obligations of $147.5 million and $113.3 million and aggregate fair
value of plan assets of $70.1 million and $51.0 million at June 30, 2011 and 2010, respectively.