McKesson 2014 Annual Report Download - page 93

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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
90
The net periodic expense, which includes net pension expense for Celesio since the date of acquisition, for our pension plans
is as follows:
U.S. Plans Non-U.S. Plans
Years Ended March 31, Years Ended March 31,
(In millions) 2014 2013 2012 2014 2013 2012
Service cost - benefits earned during the year $ 4 $ 4 $ 4 $ 6 $ 3 $ 3
Interest cost on projected benefit obligation 19 21 24 11 7 7
Expected return on assets (20)(20)(23)(12)(8)(8)
Amortization of unrecognized actuarial loss, prior
service costs and net transitional obligation 32 28 24 4 4 3
Curtailment gain — — — (1) — —
Net periodic pension expense $ 35 $ 33 $ 29 $ 8 $ 6 $ 5
The projected unit credit method is utilized in measuring net periodic pension expense over the employees’ service life for
the pension plans. Unrecognized actuarial losses exceeding 10% of the greater of the projected benefit obligation or the market
value of assets are amortized straight-line over the average remaining future service periods.