Estee Lauder 2014 Annual Report Download - page 98

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96 THE EST{E LAUDER COMPANIES INC.
Amounts recognized in AOCI (before tax) as of June 30, 2014 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement Total
(In millions)
Net actuarial (gains) losses, beginning of year $147.8 $123.3 $22.1 $293.2
Actuarial (gains) losses recognized 5.3 26.5 10.3 42.1
Amortization of amounts included in
net periodic benefit cost (7.4) (9.8) (0.8) (18.0)
Translation adjustments — 8.2 — 8.2
Net actuarial (gains) losses, end of year 145.7 148.2 31.6 325.5
Net prior service cost (credit), beginning of year 3.0 14.7 4.1 21.8
Prior service cost (credit) recognized 1.8 (8.5) — (6.7)
Amortization of amounts included in
net periodic benefit cost (0.7) (2.9) (0.8) (4.4)
Translation adjustments — 2.0 — 2.0
Net prior service cost (credit), end of year 4.1 5.3 3.3 12.7
Total amounts recognized in AOCI $149.8 $153.5 $34.9 $338.2
Amounts in AOCI expected to be amortized as components of net periodic benefit cost during fiscal 2015 are as follows:
Other than
Pension Plans Pension Plans
U.S. International Post-retirement
(In millions)
Prior service cost $0.6 $ 2.2 $0.8
Net actuarial loss $9.8 $11.6 $1.5
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
2014 2013 2014 2013 2014 2013
(In millions)
Projected benefit obligation $643.5 $565.7 $111.7 $110.3 $598.7 $508.6
Accumulated benefit obligation $598.4 $505.4 $ 97.0 $ 86.1 $531.4 $445.5
Fair value of plan assets $723.0 $659.7 $— $— $513.7 $438.6
20142014
$643.5$643.5
$598.4$598.4
$723.0$723.0
20142014
$111.7$111.7
$ 97.0$ 97.0
$—$—
20142014
$598.7$598.7
$531.4$531.4
$513.7$513.7
International pension plans with projected benefit obligations in excess of the plans’ assets had aggregate projected
benefit obligations of $270.7 million and $262.2 million and aggregate fair value of plan assets of $129.9 million and
$142.2 million at June 30, 2014 and 2013, respectively. International pension plans with accumulated benefit obligations
in excess of the plans’ assets had aggregate accumulated benefit obligations of $199.1 million and $165.1 million and
aggregate fair value of plan assets of $89.2 million and $73.6 million at June 30, 2014 and 2013, respectively.