Fifth Third Bank 2012 Annual Report Download - page 139

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
137 Fifth Third Bancorp
A
mounts relating to the Bancorp’s defined benefit plans with benefit obligations exceeding assets were as follows at December 31:
($ in millions) 2012 2011
Projected benefit obligation $256 253
A
ccumulated benefit obligation 256 253
Fair value of plan assets 185 181
As of December 31, 2012 and 2011, $123 million and $159 million,
respectively, of plan assets were managed through a collective fund
and separately managed accounts by Fifth Third Bank, a subsidiary
of the Bancorp. Plan assets included $3 million and $5 million of
Bancorp common stock as of December 31, 2012 and 2011,
respectively. Plan assets are not expected to be returned to the
Bancorp during 2013.
The Bancorp’s profit sharing plan expense was $46 million for
2012, $35 million for 2011, and $31 million for 2010. Expenses
recognized for matching contributions to the Bancorp’s defined
contribution savings plans were $42 million, $40 million, and $36
million for the years ended December 31, 2012, 2011, and 2010,
respectively.