Mercedes 2002 Annual Report Download - page 131

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The expected return on plan assets for 2003 is 7.5% for
German plans and 8.5% for non-German plans (primarily U.S.
plans).
The components of net pension cost were as follows for the
years ended December 31, 2002, 2001 and 2000:
The accumulated benefit obligations and fair value of plan
assets for pension plans with accumulated benefit obligations
in excess of plan assets were 131,206 million and 123,882
million, respectively, as of December 31, 2002, 110,224 mil-
lion and 17,934 million, respectively, as of December 31,
2001 and 11,697 million and 1343 million, respectively, as
of December 31, 2000.
Other Postretirement Benefits
Certain DaimlerChrysler operations in the U.S. and Canada
provide postretirement health and life insurance benefits to
their employees. Upon retirement from DaimlerChrysler the
employees may become eligible for continuation of these
benefits. The benefits and eligibility rules may be modified
periodically.
At December 31, 2002, plan assets were invested in
diversified portfolios that consisted primarily of debt and
equity securities.
The following information is presented with respect to the
Group’s postretirement benefit plans:
384
1,622
(2,692)
3
291
1
–
(391)
208
(183)
198
612
(649)
–
–
–
–
161
1
162
242
696
(625)
3
1
–
1
318
–
318
404
1,696
(2,750)
(11)
356
148
–
(157)
625
468
433
1,570
(2,487)
(18)
371
146
(6)
9
–
9
226
629
(595)
74
–
–
–
334
1
335
German
Plans
2000
Non-
German
Plans
German
Plans
2001
Non-
German
Plans
German
Plans
2002
Non-
German
Plans
(in millions of 3)
(in millions of 3)
At December 31,
20012002
Change in accumulated postretirement
benefit obligations:
Accumulated postretirement benefit
obligations at beginning of year
Foreign currency exchange rate changes
Service cost
Interest cost
Plan amendments
Actuarial losses
Settlement/curtailment loss
Acquisitions and other
Benefits paid
Accumulated postretirement benefit
obligations at end of year
Change in plan assets:
Fair value of plan assets at beginning of year
Foreign currency exchange rate changes
Actual losses on plan assets
Employee and employer contributions
Benefits paid
Fair value of plan assets at end of year
15,095
(2,454)
262
1,062
(90)
2,863
59
7
(871)
15,933
2,982
(447)
(294)
1
(10)
2,232
12,857
652
257
1,033
(18)
941
186
(13)
(800)
15,095
2,995
167
(181)
9
(8)
2,982
Notes to Consolidated Balance Sheets |125
Service cost
Interest cost
Expected return on plan assets
Amortization of:
Unrecognized net actuarial (gains) losses
Unrecognized prior service cost
Unrecognized net obligation
Other
Net periodic pension cost (benefit)
Settlement/curtailment loss
Net pension cost