Memorex 2009 Annual Report Download - page 74

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Obligations and funded status for the years ended December 31, 2009 and 2008 were as follows:
2009 2008 2009 2008
As of December 31,
United States
As of December 31,
International
(In millions)
Change in benefit obligation
Benefit obligation, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . $110.2 $117.5 $57.0 $ 70.0
Service cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.8 5.6 0.7 0.6
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.4 6.5 3.2 3.6
Actuarial (gain) loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.9 0.5 4.6 (5.5)
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.7) (1.4) (3.4) (2.4)
Settlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20.9) (19.5) — —
Foreign exchange rate changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 3.7 (9.3)
Plan amendments (Canada) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2.4 —
Curtailments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1.0 — —
Special termination benefits (Canada) . . . . . . . . . . . . . . . . . . . . . . . . — — (9.0) —
Projected benefit obligation, end of year . . . . . . . . . . . . . . . . . . . . . . $ 96.7 $110.2 $59.2 $ 57.0
Change in plan assets
Fair value of plan assets, beginning of year . . . . . . . . . . . . . . . . . . . . $ 64.1 $111.6 $59.0 $ 76.0
Actual return on plan assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.8 (31.6) 4.6 (6.0)
Foreign exchange rate changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 4.4 (11.2)
Company contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.8 5.0 3.4 2.6
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.7) (1.4) (3.4) (2.4)
Settlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20.9) (19.5) — —
Special termination benefits (Canada) . . . . . . . . . . . . . . . . . . . . . . . . — — (9.0) —
Fair value of plan assets, end of year . . . . . . . . . . . . . . . . . . . . . . . . $ 64.1 $ 64.1 $59.0 $ 59.0
Funded status of the plan, end of year . . . . . . . . . . . . . . . . . . . . . . . $ (32.6) $ (46.1) $ (0.2) $ 2.0
Amounts recognized in the Consolidated Balance Sheets for the years ended December 31, 2009 and 2008
consisted of the following:
2009 2008 2009 2008
As of December 31,
United States
As of December 31,
International
(In millions)
Noncurrent assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 3.5 4.9
Noncurrent liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (32.6) (46.1) (3.7) (2.9)
Accumulated other comprehensive loss — pre-tax . . . . . . . . . . . . . . . . 27.4 43.2 6.2 4.6
67
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)