McKesson 2015 Annual Report Download - page 103

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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
Information regarding the changes in benefit obligations and plan assets for our pension plans is as follows:
U.S. Plans Non-U.S. Plans
Years Ended March 31, Years Ended March 31,
(In millions) 2015 2014 2015 2014
Change in benefit obligations
Benefit obligation at beginning of period (1) $ 540 $ 580 $ 934 $ 156
Service cost 1 4 16 6
Interest cost 19 19 34 11
Actuarial loss (gain) 53 (24) 194 15
Benefit payments (30) (30) (49) (12)
Amendments — (9) (6) —
Acquisitions ———740
Foreign exchange impact and other — — (160) 18
Benefit obligation at end of period (1) $ 583 $ 540 $ 963 $ 934
Change in plan assets
Fair value of plan assets at beginning of period $ 300 $ 290 $ 590 $ 135
Actual return on plan assets 16 28 88 11
Employer and participant contributions 12 12 73 12
Benefits paid (30) (30) (49) (10)
Acquisitions ———426
Foreign exchange impact and other — — (90) 16
Fair value of plan assets at end of period $ 298 $ 300 $ 612 $ 590
Funded status at end of period $(285) $(240) $(351) $(344)
Amounts recognized on the balance sheet
Current liabilities $ (17) $ (13) $ (6) $ (9)
Long-term liabilities (268) (227) (345) (335)
Total $(285) $(240) $(351) $(344)
(1) The benefit obligation is the projected benefit obligation.
The following table provides the projected benefit obligation, accumulated benefit obligation and fair value
of plan assets for all our pension plans with an accumulated benefit obligation in excess of plan assets.
U.S. Plans Non-U.S. Plans
March 31, March 31,
(In millions) 2015 2014 2015 2014
Projected benefit obligation $583 $540 $963 $934
Accumulated benefit obligation 583 540 897 894
Fair value of plan assets 298 300 612 590
98