Federal Express 2011 Annual Report Download - page 60

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58
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
ABO PBO
Fair Value of
Plan Assets
Funded
Status
2011
Qualified $ 16,024 $ 16,445 $ 15,518 $ (927)
Nonqualified 335 339 – (339)
International Plans 447 588 323 (265)
Total $ 16,806 $ 17,372 $ 15,841 $ (1,531)
2010
Qualified $ 13,311 $ 13,635 $ 13,055 $ (580)
Nonqualified 346 348 – (348)
International Plans 384 501 240 (261)
Total $ 14,041 $ 14,484 $ 13,295 $ (1,189)
2011 2010
Required $ 359 $ 353
Voluntary 121 495
$ 480 $ 848
PBO Exceeds the Fair Value
of Plan Assets
2011 2010
Pension Benefits
Fair value of plan assets $ 15,815 $ 13,295
PBO (17,346) (14,484)
Net funded status $ (1,531) $ (1,189)
ABO Exceeds the Fair Value
of Plan Assets
Pension Benefits 2011 2010
ABO(1) $ (16,530) $ (14,014)
Fair value of plan assets 15,538 13,263
PBO (17,014) (14,441)
Net funded status $ (1,476) $ (1,178)
(1) ABO not used in determination of funded status.
Contributions to our U.S. Pension Plans for the years ended May 31
were as follows (in millions):
The table above provides the ABO, PBO, fair value of plan assets and funded status of our pension plans on an aggregated basis. The following
table presents our plans on a disaggregated basis to show those plans (as a group) whose assets did not exceed their liabilities. These plans
are comprised of our unfunded nonqualified plans, certain international plans and our U.S. Pension Plans. At May 31, 2011 and 2010, the fair
value of plan assets for pension plans with a PBO or ABO in excess of plan assets were as follows (in millions):
Our pension plans included the following components at May 31, 2011 and 2010 (in millions):