Freeport-McMoRan 2006 Annual Report Download - page 77

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NOTES฀TO฀CONSOLIDATED฀FINANCIAL฀STATEMENTS




฀ 2006฀ 2005฀ 2004
Service฀cost฀ $฀ 200฀ $฀ 701฀ $฀ 731
Amortization฀of฀prior฀service฀cost฀ ฀ 4,276฀ ฀ 4,199฀ ฀ 5,421
Interest฀cost฀ ฀ 2,432฀฀ ฀ 2,548฀฀ ฀ 2,775
Actual฀return฀on฀plan฀assets฀ ฀ (405)฀ ฀ (389)฀ ฀ (481)
Net฀periodic฀benefit฀cost฀ $฀6,503฀ $฀7,059฀ $฀8,446



฀ PT฀Freeport฀Indonesia
฀ 2006฀ 2005฀ 2004
Service฀cost฀ $฀3,816฀ $฀3,546฀ $฀3,355
Interest฀cost฀ ฀ 4,943฀ ฀ 3,704฀ ฀ 3,365
Expected฀return฀on฀plan฀assets฀ ฀(2,458)฀ ฀(1,391)฀ ฀(1,829)
Amortization฀of฀prior฀service฀cost฀ ฀ 945฀ ฀ 885฀ ฀ 969
Amortization฀of฀net฀actuarial฀loss฀ ฀ 542฀ ฀ 703฀ ฀ 243
Net฀periodic฀benefit฀cost฀ $฀7,788฀ $฀7,447฀ $฀6,103
฀ Atlantic฀Copper
฀ 2006฀ 2005฀ 2004
Interest฀cost฀ $฀4,653฀ $฀4,708฀ $฀5,035
Amortization฀of฀net฀actuarial฀loss฀ ฀ 1,377฀ ฀ 1,221฀ ฀ 1,517
Net฀periodic฀benefit฀cost฀ $฀6,030฀ $฀5,929฀ $฀6,552


















฀ ฀ PT฀Freeport฀฀
฀ FCX฀ Indonesia
฀ 2006฀ 2005฀ 2006฀ 2005
Cash฀and฀bank฀deposits฀ ฀ 100%฀ ฀ 2%฀ ฀ 62%฀ ฀ 100%
Debt฀securities฀ ฀ —฀ ฀ 98฀ ฀ 38฀ ฀ —
฀ Total฀ ฀ 100%฀ ฀ 100%฀ ฀ 100%฀ ฀ 100%


















Other฀Benefits.฀










฀ 2006฀ 2005
Change฀in฀benefit฀obligation:
Benefit฀obligation฀at฀beginning฀of฀year฀ ฀ ฀ $฀(5,644)฀ $฀(5,349)
Service฀cost฀ ฀ ฀ ฀ (138)฀ ฀ (159)
Interest฀cost฀ ฀ ฀ ฀ (238)฀ ฀ (311)
Actuarial฀gains฀(losses)฀ ฀ ฀ ฀ 1,344฀ ฀ (1,024)
Plan฀amendment฀ ฀ ฀ ฀ —฀ ฀ 1,002
Participant฀contributions฀ ฀ ฀ ฀ (245)฀ ฀ (155)
Benefits฀paid฀ ฀ ฀ ฀ 456฀ ฀ 352
Benefit฀obligation฀at฀end฀of฀year฀ ฀ ฀ ฀ (4,465)฀ ฀ (5,644)
Change฀in฀plan฀assets:
Fair฀value฀of฀plan฀assets฀at฀beginning฀of฀year฀฀ ฀ ฀ —฀ ฀ —
Employer/participant฀contributions฀ ฀ ฀ ฀ 456฀ ฀ 352
Benefits฀paid฀ ฀ ฀ ฀ (456)฀ ฀ (352)
Fair฀value฀of฀plan฀assets฀at฀end฀of฀year฀ ฀ ฀ ฀ —฀ ฀ —
Funded฀status฀ ฀ ฀ $฀(4,465)฀ $฀(5,644)
Discount฀rate฀assumption฀(percent)฀ ฀ ฀ ฀ 5.75฀ ฀ 5.50
FINANCIAL฀&฀OPERATING฀INFORMATION 75