First Data 2009 Annual Report Download - page 162

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The following table provides a reconciliation of the changes in the plans’ projected benefit obligation and
fair value of assets for the years ended December 31, 2009 and 2008, as well as a statement of the funded status
as of the respective period ends.
(in millions)
December 31,
2009
December 31,
2008
Change in benefit obligation
Benefit obligation at beginning of period ..................... $544.1 $ 732.3
Service costs ............................................ 6.6 10.8
Interest costs ............................................ 37.6 41.1
Curtailment ............................................ (11.6) —
Actuarial (gain)/loss ...................................... 154.5 (78.0)
Acquired benefit obligations ............................... — 3.1
Divested benefit obligations ............................... (1.9) —
Termination benefits (a) ................................... 0.1 (1.9)
Benefits paid ........................................... (29.6) (26.9)
Plan participant contributions .............................. 0.9 2.1
Foreign currency translation ............................... 40.8 (138.5)
Benefit obligation at end of period .......................... 741.5 544.1
Change in plan assets
Fair value of plan assets at the beginning of period ............. 472.6 648.8
Actual return on plan assets ................................ 79.6 (84.0)
Company contributions ................................... 36.8 60.5
Plan participant contributions .............................. 0.9 2.3
Benefits paid ........................................... (28.3) (26.0)
Foreign currency translation ............................... 36.8 (129.0)
Fair value of plan assets at end of period ...................... 598.4 472.6
Funded status of the plans ................................. $(143.1) $ (71.5)
(a) Related to restructuring activities in Europe.
The net pension liabilities of $143.1 million and $71.5 million at December 31, 2009 and 2008, respectively,
are made up of non-current liabilities. The liabilities are included in “Other long-term liabilities” on the
Consolidated Balance Sheets.
The accumulated benefit obligation for all defined benefit pension plans was $739.8 million at
December 31, 2009 and $495.2 million at December 31, 2008.
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