Kimberly-Clark 2010 Annual Report Download - page 60

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KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Summarized financial information about postretirement plans, excluding defined contribution retirement
plans, is presented below:
Pension Benefits Other Benefits
Year Ended December 31
2010 2009 2010 2009
(Millions of dollars)
Change in Benefit Obligation
Benefit obligation at beginning of year .......................... $ 5,491 $ 4,968 $ 795 $ 795
Service cost ............................................... 56 68 14 14
Interest cost ............................................... 309 310 44 47
Actuarial loss (gain) ......................................... 201 516 (10) (12)
Currency and other .......................................... (19) 10 17 22
Benefit payments from plans .................................. (356) (356) ——
Direct benefit payments ...................................... (24) (25) (64) (71)
Benefit obligation at end of year ............................... 5,658 5,491 796 795
Change in Plan Assets
Fair value of plan assets at beginning of year ..................... 4,244 3,101 ——
Actual gain on plan assets .................................... 473 520 ——
Employer contributions ...................................... 245 845 ——
Currency and other .......................................... (6) 134 ——
Benefit payments ........................................... (356) (356) ——
Fair value of plan assets at end of year .......................... 4,600 4,244 ——
Funded Status $(1,058) $(1,247) $(796) $(795)
Amounts Recognized in the Balance Sheet
Noncurrent asset—Prepaid benefit cost .......................... $21$16$— $—
Current liability—Accrued benefit cost .......................... (11) (12) (64) (67)
Noncurrent liability—Accrued benefit cost ....................... (1,068) (1,251) (732) (728)
Net amount recognized ...................................... $(1,058) $(1,247) $(796) $(795)
December 31 is used as the measurement date for all of our postretirement plans.
Information for the Principal Plans and All Other Pension Plans
Principal Plans
All Other
Pension Plans Total
Year Ended December 31
2010 2009 2010 2009 2010 2009
(Millions of dollars)
Projected benefit obligation (“PBO”) ................... $5,149 $5,047 $509 $444 $5,658 $5,491
Accumulated benefit obligation (“ABO”) ............... 5,041 4,941 434 383 5,475 5,324
Fair value of plan assets ............................. 4,192 3,895 408 349 4,600 4,244
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