Estee Lauder 2012 Annual Report Download - page 153

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THE EST{E LAUDER COMPANIES INC. 151
Amounts recognized in accumulated OCI (before tax) as of June 30, 2012 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement Total
(In millions)
Net actuarial (gains) losses, beginning of year $118.9 $112.6 $31.5 $263.0
Actuarial (gains) losses recognized 104.8 39.5 32.6 176.9
Amortization of amounts included in
net periodic benefit cost (7.9) (4.9) (1.9) (14.7)
Translation adjustments — (6.9) 0.1 (6.8)
Net actuarial (gains) losses, end of year 215.8 140.3 62.3 418.4
Net prior service cost (credit), beginning of year 4.4 30.5 (1.7) 33.2
Prior service cost (credit) recognized — (8.8) 6.8 (2.0)
Amortization of amounts included in
net periodic benefit cost (0.7) (3.3) (0.3) (4.3)
Translation adjustments — (0.9) 0.1 (0.8)
Net prior service cost (credit), end of year 3.7 17.5 4.9 26.1
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 $219.5 $157.7 $67.2 $444.4
Amounts in accumulated OCI expected to be amortized as components of net periodic benefit cost during fiscal 2013
are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement
(In millions)
Prior service cost $0.7 $2.7 $0.8
Net actuarial loss $7.9 $9.3 $4.4
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
2012 2011 2012 2011 2012 2011
(In millions)
Projected benefit obligation $594.5 $476.8 $111.6 $97.3 $483.4 $451.3
Accumulated benefit obligation $522.1 $422.4 $ 86.3 $76.1 $426.5 $392.0
Fair value of plan assets $645.6 $554.7 $— $— $415.3 $391.3
International pension plans with projected benefit obligations in excess of the plans’ assets had aggregate projected
benefit obligations of $223.0 million and $179.3 million and aggregate fair value of plan assets of $113.3 million and $72.0
million at June 30, 2012 and 2011, respectively. International pension plans with accumulated benefit obligations in excess
of the plans’ assets had aggregate accumulated benefit obligations of $155.6 million and $147.5 million and aggregate fair
value of plan assets of $72.5 million and $70.1 million at June 30, 2012 and 2011, respectively.