Mattel 2013 Annual Report Download - page 81
Download and view the complete annual report
Please find page 81 of the 2013 Mattel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
 |
 |
A summary of the components of Mattel’s net periodic benefit cost and other changes in plan assets and
benefit obligations recognized in other comprehensive income for the years ended December 31 is as follows:
Defined Benefit Pension Plans Postretirement Benefit Plans
2013 2012 2011 2013 2012 2011
(In thousands)
Net periodic benefit cost:
Service cost .............................. $12,982 $ 13,285 $ 13,610 $ 82 $ 79 $ 73
Interest cost .............................. 25,580 29,530 28,433 1,585 1,411 1,576
Expected return on plan assets ................ (29,786) (31,270) (25,714) — — —
Amortization of prior service (credit) cost ...... (1,057) (502) 1,776 — — —
Recognized actuarial loss (gain) .............. 21,193 19,020 19,492 578 117 (48)
Settlement loss ............................ 1,835 3,534 — — — —
Net periodic benefit cost .................... $30,747 $ 33,597 $ 37,597 $2,245 $1,607 $ 1,601
Other changes in plan assets and benefit
obligations recognized in other
comprehensive income:
Net actuarial (gain) loss ..................... $(95,744) $ 27,144 $ 62,687 $3,470 $4,755 $(1,249)
Prior service cost (credit) .................... — (11,789) 2 — — —
Amortization of prior service credit (cost) ...... 1,057 501 (1,776) — — —
Total recognized in other comprehensive
income (a) ............................. $(94,687) $ 15,856 $ 60,913 $3,470 $4,755 $(1,249)
Total recognized in net periodic benefit cost and
other comprehensive income ............... $(63,940) $ 49,453 $ 98,510 $5,715 $6,362 $ 352
(a) Amounts exclude related tax expense (benefit) of $32.5 million, $(2.3) million, and $(21.6) million, during
2013, 2012, and 2011, respectively, which are also included in other comprehensive income.
Net periodic benefit cost for Mattel’s domestic defined benefit pension and postretirement benefit plans was
calculated on January 1 of each year using the following assumptions:
For the Year
2013 2012 2011
Defined benefit pension plans:
Discount rate ............................................................. 4.0% 4.5% 5.2%
Weighted average rate of future compensation increases ........................... 3.8% 3.8% 3.8%
Long-term rate of return on plan assets ......................................... 8.0% 8.0% 8.0%
Postretirement benefit plans:
Discount rate ............................................................. 4.0% 4.5% 5.2%
Annual increase in Medicare Part B premium .................................... 6.0% 6.0% 6.0%
Health care cost trend rate:
Pre-65 ............................................................... 8.5% 7.5% 8.0%
Post-65 .............................................................. 7.5% 7.5% 8.0%
Ultimate cost trend rate:
Pre-65 ............................................................... 6.1% 5.0% 5.0%
Post-65 .............................................................. 5.4% 5.0% 5.0%
Year that the rate reaches the ultimate cost trend rate:
Pre-65 ............................................................... 2030 2017 2017
Post-65 .............................................................. 2030 2017 2017
73