First Data 2014 Annual Report Download - page 82
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The following table provides a reconciliation of the changes in the plans’ projected benefit obligations and fair value of assets for the years ended
December 31, 2014 and 2013, as well as a statement of the funded status as of the respective period ends.
Change in benefit obligation
Benefit obligation at beginning of period $ 909.7 $ 909.1
Service costs 4.8 3.1
Interest costs 41.1 37.2
U.K. plan benefit curtailment gain — (10.9)
Actuarial loss (gain) 142.0 (10.4)
Benefits paid (34.1) (30.7)
Foreign currency translation (44.3) 12.3
Benefit obligation at end of period 1,019.2 909.7
Change in plan assets
Fair value of plan assets at the beginning of period 910.3 805.8
Actual return on plan assets 152.7 81.9
Company contributions 14.9 36.8
Benefits paid (32.8) (29.4)
Foreign currency translation (46.5) 15.2
Fair value of plan assets at end of period 998.6 910.3
Funded status of the plans $ (20.6) $ 0.6
U.K. plan:
Plan benefit obligations $ (754.8) $ (682.1)
Fair value of plan assets 836.1 755.5
Net pension assets (a) 81.3 73.4
U.S. and other foreign plans:
Plan benefit obligations (264.4) (227.6)
Fair value of plan assets 162.5 154.8
Net pension liabilities (b) (101.9) (72.8)
Funded status of the plans $ (20.6) $ 0.6
(a) Pension assets are included in “Other long-term assets” of the Consolidated Balance Sheets.
(b) Pension liabilities are included in “Other long-term liabilities” of the Consolidated Balance Sheets.
The accumulated benefit obligation for all defined benefit pension plans was $1.0 billion and $909 million as of December 31, 2014 and 2013, respectively.
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