Foot Locker 2009 Annual Report Download - page 72

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The following tables set forth the plans’ changes in benefit obligations and plan assets, funded status and
amounts recognized in the Consolidated Balance Sheets, measured at January 30, 2010 and January 31, 2009:
Pension
Benefits Postretirement
Benefits
2009 2008 2009 2008
(in millions)
Change in benefit obligation
Benefit obligation at beginning of year ........ $604 $649 $12 $10
Service cost .......................... 11 10 — —
Interest cost .......................... 36 36 1 1
Plan participants’ contributions ............. — — 3 4
Actuarial loss (gain) ..................... 49 (15) — (2)
Foreign currency translation adjustments ....... 12 (18) — —
Plan amendment ....................... — — 1 3
Benefits paid ......................... (58) (58) (4) (4)
Benefit obligation at end of year ............. $654 $604 $13 $12
Change in plan assets
Fair value of plan assets at beginning of year .... $418 $611
Actual return on plan assets ................ 76 (127)
Employer contributions ................... 103 8
Foreign currency translation adjustments ....... 11 (16)
Benefits paid ......................... (58) (58)
Fair value of plan assets at end of year ......... $550 $418
Funded status ......................... $(104) $(186) $(13) $(12)
Balance Sheet caption reported in:
Accrued and other liabilities ............... (3) (3) (2) (1)
Other liabilities ........................ (101) (183) (11) (11)
$(104) $(186) $(13) $(12)
Amounts recognized in accumulated other comprehensive loss consists of:
Pension
Benefits Postretirement
Benefits
2009 2008 2009 2008
(in millions)
Net loss (gain) .......................... $457 $448 $(35) $(41)
Prior service cost (credit) ................... 1 2 (1) (3)
$458 $450 $(36) $(44)
As of January 31, 2009, the accumulated benefit obligation exceeded plan assets for all plans, whereas, as of
January 30, 2010, the Canadian qualified pension plan’s assets equaled its accumulated benefit obligation.
Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:
2009 2008
(in millions)
Projected benefit obligation ................................. $569 $604
Accumulated benefit obligation ............................... 569 603
Fair value of plan assets .................................... 465 418
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