Medtronic 2007 Annual Report Download - page 82

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U.S. Pension
Benefits
Non-U.S.
Pension Benefits
Post-Retirement
Benefits
Fiscal Year Fiscal Year Fiscal Year
2007 2006 2005 2007 2006 2005 2007 2006 2005
Service cost $ 64 $ 51 $ 48 $ 27 $ 23 $ 16 $ 13 $ 10 $ 12
Interest cost 45 39 34 12 11 9 10 10 11
Expected return on plan assets (74) (64) (53) (13) (10) (8) (9) (7) (6)
Amortization of net actuarial loss and prior service cost 14 13 11 342235
Net periodic benefit cost 49 39 40 29 28 19 16 16 22
Curtailment/settlement recognition Ñ2Ñ ÑÑÑ Ñ1Ñ
Total cost for fiscal year $ 49 $ 41 $ 40 $ 29 $ 28 $ 19 $ 16 $ 17 $ 22
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U.S. Pension
Benefits
Non-U.S.
Pension Benefits
Post-Retirement
Benefits
Amortization of prior service cost $ (1) $ (2) $ Ñ
Amortization of net actuarial (gain) loss 15 1 2
$ 14 $ (1)$ 2
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U.S. Pension Benefits Non-U.S. Pension Benefits Post-Retirement Benefits
Fiscal Year Fiscal Year Fiscal Year
2007 2006 2005 2007 2006 2005 2007 2006 2005
Weighted average assumptionsÑprojected benefit obligation:
Discount rate 6.006.00% 6.00% 4.424.34% 4.39% 6.006.00% 6.00%
Rate of compensation increase 4.244.24% 4.00% 3.093.07% 2.99% N/A N/A N/A
Healthcare cost trend rate N/A N/A N/A N/A N/A N/A 10.009.00% 10.00%
Weighted average assumptionsÑnet periodic benefit cost:
Discount rate 6.006.00% 6.25% 4.344.39% 4.90% 6.006.00% 6.25%
Expected return on plan assets 8.758.75% 8.75% 5.595.46% 5.86% 8.758.75% 8.75%
Rate of compensation increase 4.244.00% 4.00% 3.072.99% 2.97% N/A N/A N/A
Healthcare cost trend rate N/A N/A N/A N/A N/A N/A 9.0010.00% 10.00%
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Fiscal Year
2007
2006
Accumulated benefit obligation $ 201 $ 165
Projected benefit obligation 241 204
Plan assets at fair value 95 79
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Fiscal Year
2007
2006
Projected benefit obligation $ 355 $ 319
Plan assets at fair value 191 169
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