Johnson Controls 2010 Annual Report Download - page 88

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88
The table that follows contains the ABO and reconciliations of the changes in the PBO, the changes in plan assets
and the funded status (in millions):
Pension Benefits
Postretirement Health
U.S. Plans
Non-U.S. Plans
and Other Benefits
September 30,
2010
2009
2010
2009
2010
2009
Accumulated Benefit Obligation
$
2,655
$
2,355
$
1,622
$
1,429
$
-
$
-
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year
2,512
2,174
1,521
1,334
275
253
Service cost
67
66
38
32
4
4
Interest cost
152
159
68
65
14
18
Plan participant contributions
-
-
5
5
7
-
Acquisitions
-
-
1
9
-
-
Divestitures
-
-
-
(1)
-
-
Plan transfers
-
-
-
39
-
-
Actuarial loss
106
438
146
128
23
41
Amendments made during the year
-
1
(3)
(14)
(44)
(13)
Benefits paid
(120)
(99)
(68)
(55)
(26)
(29)
Estimated subsidy received
-
-
-
-
2
2
Special termination benefits
-
-
-
1
-
-
Curtailment gain
-
(224)
(5)
(4)
-
-
Other
-
(3)
6
-
-
-
Currency translation adjustment
-
-
16
(18)
1
(1)
Projected benefit obligation at end of year
$
2,717
$
2,512
$
1,725
$
1,521
$
256
$
275
Change in Plan Assets
Fair value of plan assets at beginning of year
$
1,867
$
1,772
$
1,080
$
960
$
-
$
-
Actual return on plan assets
151
8
64
57
-
-
Plan transfers
-
-
-
38
-
-
Employer and employee contributions
573
188
108
105
26
29
Benefits paid
(120)
(99)
(68)
(55)
(26)
(29)
Other
-
(2)
4
-
-
-
Currency translation adjustment
-
-
28
(25)
-
-
Fair value of plan assets at end of year
$
2,471
$
1,867
$
1,216
$
1,080
$
-
$
-
Funded status
$
(246)
$
(645)
$
(509)
$
(441)
$
(256)
$
(275)
Amounts recognized in the statement of
financial position consist of:
Prepaid benefit cost
$
7
$
4
$
17
$
23
$
-
$
-
Accrued benefit liability
(253)
(649)
(526)
(464)
(256)
(275)
Net amount recognized
$
(246)
$
(645)
$
(509)
$
(441)
$
(256)
$
(275)
Weighted Average Assumptions (1)
Discount rate
5.50%
6.25%
4.00%
4.75%
5.50%
6.25%
Rate of compensation increase
3.20%
4.20%
3.00%
3.20%
NA
NA
(1) Plan assets and obligations are determined based on a September 30 measurement date at September 30, 2010
and 2009.