Memorex 2011 Annual Report Download - page 74

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The benefit obligations and plan assets, changes to the benefit obligations and plan assets, and the funded status of the
defined benefit plan were as follows:
United States International
As of December 31, As of December 31,
2011 2010 2011 2010
(In millions)
Change in benefit obligation
Benefit obligation, beginning of year .......................... $93.8 $ 96.7 $ 58.9 $59.2
Service cost ............................................ — 1.7 0.7 0.6
Interest cost ............................................ 4.2 4.8 2.5 2.8
Actuarial (gain) loss ...................................... 5.1 1.9 4.4 (1.5)
Benefits paid ........................................... (8.4) (1.6) (2.2) (2.1)
Settlements ............................................ (2.5) (9.0) (8.4) —
Foreign exchange rate changes ............................. — — (0.3) (1.4)
Plan amendments ....................................... — — — 1.3
Curtailments ........................................... — (0.7) — —
Projected benefit obligation, end of year ....................... $92.2 $ 93.8 $ 55.6 $58.9
Change in plan assets
Fair value of plan assets, beginning of year .................... $70.9 $ 64.1 $ 61.2 $59.0
Actual return on plan assets ................................ (0.9) 9.3 1.6 4.2
Foreign exchange rate changes ............................. — — (0.3) (1.7)
Company contributions .................................... 10.5 8.1 3.8 1.8
Benefits paid ........................................... (8.4) (1.6) (2.2) (2.1)
Settlements ............................................ (2.5) (9.0) (10.6) —
Fair value of plan assets, end of year ......................... $69.6 $ 70.9 $ 53.5 $61.2
Funded status of the plan, end of year ........................ $(22.6) $(22.9) $ (2.1) $ 2.3
Amounts recognized in the Consolidated Balance Sheets consisted of the following:
United States International
As of December 31, As of December 31,
2011 2010 2011 2010
(In millions)
Noncurrent assets ....................................... $ — $ — $4.6 $6.4
Noncurrent liabilities ...................................... (22.6) (22.9) (6.7) (4.1)
Accumulated other comprehensive loss — pre-tax ............... 30.2 21.6 8.6 2.7
Amounts recognized in accumulated other comprehensive loss consisted of the following:
United States International
As of December 31, As of December 31,
2011 2010 2011 2010
(In millions)
Net actuarial loss ........................................ $30.2 $21.6 $13.3 $ 7.3
Prior service cost (credit) .................................. — — (6.5) (6.7)
Transition asset obligation ................................. — — 1.8 2.1
Total ............................................... $30.2 $21.6 $ 8.6 $ 2.7
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