Hasbro 2008 Annual Report Download - page 77

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Reconciliations of the beginning and ending balances for the years ended December 28, 2008 and
December 30, 2007 for the projected benefit obligation and the fair value of plan assets are included below.
2008 2007 2008 2007
Pension Postretirement
Change in Projected Benefit Obligation
Projected benefit obligation — beginning ................. $288,045 308,133 33,726 37,463
Service cost ....................................... 1,597 9,437 570 597
Interest cost ....................................... 17,714 17,435 2,065 2,105
Actuarial loss (gain)................................. 9,253 (7,901) (1,668) (4,100)
Effect of curtailment ................................ 1,019 (18,499) — —
Benefits paid ...................................... (16,385) (19,781) (2,110) (2,339)
Expenses paid ..................................... (909) (779) — —
Projected benefit obligation — ending ................... $300,334 288,045 32,583 33,726
Accumulated benefit obligation — ending ................. $300,334 288,045 32,583 33,726
Change in Plan Assets
Fair value of plan assets — beginning .................... $283,478 270,926 — —
Actual return on plan assets ........................... (37,000) 30,556 — —
Employer contribution ............................... 2,558 2,556 — —
Benefits paid ...................................... (16,385) (19,781) — —
Expenses paid ..................................... (909) (779) — —
Fair value of plan assets — ending ...................... $231,742 283,478 — —
Reconciliation of Funded Status
Projected benefit obligation ........................... $(300,334) (288,045) (32,583) (33,726)
Fair value of plan assets .............................. 231,742 283,478 — —
Funded status...................................... (68,592) (4,567) (32,583) (33,726)
Unrecognized net loss ............................... 86,518 17,296 3,444 5,228
Unrecognized prior service cost . . ...................... 1,388 1,862 — —
Net amount recognized .............................. $ 19,314 14,591 (29,139) (28,498)
Other assets ....................................... $ — 40,485 — —
Accrued liabilities .................................. (14,431) (5,358) (2,400) (2,400)
Other liabilities .................................... (54,161) (39,694) (30,183) (31,326)
Accumulated other comprehensive earnings ............... 87,906 19,158 3,444 5,228
Net amount recognized .............................. $ 19,314 14,591 (29,139) (28,498)
In fiscal 2009, the Company expects amortization of unrecognized net losses and unrecognized prior
service cost related to its defined benefit pension plans of $4,574 and $266, respectively, to be included as a
component of net periodic benefit cost. In addition, the Company expects amortization of unrecognized net
losses related to its postretirement plan of $12 to be included as a component of net periodic benefit cost.
67
HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)