McKesson 2016 Annual Report Download - page 110

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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
Amounts recognized in accumulated other comprehensive income (pre-tax) consist of:
U.S. Plans
March 31,
Non-U.S. Plans
March 31,
(In millions) 2016 2015 2016 2015
Net actuarial loss $185 $220 $133 $175
Prior service credit — — (11) (6)
Total $185 $220 $122 $169
Other changes in accumulated other comprehensive income (pre-tax) were as follows:
U.S. Plans
Years Ended March 31,
Non-U.S. Plans
Years Ended March 31,
(In millions) 2016 2015 2014 2016 2015 2014
Net actuarial loss (gain) $ 9 $ 58 $ (31) $(38) $117 $ 12
Prior service credit — — (8) (5) (8) —
Amortization of:
Net actuarial loss (44) (27) (32) (5) (5) (4)
Prior service credit (cost) — 8 — 2 2 2
Foreign exchange impact and other — — (1) (1) (8) 4
Total recognized in other comprehensive loss
(income) $ (35) $ 39 $ (72) $(47) $ 98 $ 14
We expect to amortize $15 million of actuarial loss for the pension plans from stockholders’ equity to
pension expense in 2017. Comparable 2016 amounts were $1 million of prior service credit and $47 million of
actuarial loss.
Projected benefit obligations related to our unfunded U.S. plans were $175 million and $189 million at
March 31, 2016 and 2015. Pension obligations for our unfunded plans are based on the recommendations of
independent actuaries. Projected benefit obligations relating to our unfunded non-U.S. plans were $272 million
and $222 million at March 31, 2016 and 2015. Funding obligations for our non-U.S. plans vary based on the laws
of each non-U.S. jurisdiction.
Expected benefit payments, including assumed executive lump sum payments, for our pension plans are as
follows: $59 million, $174 million, $110 million, $66 million and $65 million for 2017 to 2021 and $327 million
for 2022 through 2026. Expected benefit payments are based on the same assumptions used to measure the
benefit obligations and include estimated future employee service. Expected contributions to be made for our
pension plans are $15 million for 2017.
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