Mercedes 2006 Annual Report Download - page 204

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188
Other postretirement benefits
Certain DaimlerChrysler operations in the United States 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.
Funded status. The funded status of the accumulated postretire-
ment benefit obligations is as follows:
A reconciliation of the funded status to net amounts recognized
is as follows:
The effects from the adoption of SFAS 158 at December 31,
2006, on balance sheet items are as follows:
An amount of €14,098 million included in the accrued other
postretirement benefits is not expected to be paid within one
year.
The development of the accumulated postretirement benefit
obligations and the plan assets is as follows:
At December 31,
2005
2006
16,030
(1,928)
14,102
17,711
(1,912)
15,799
Accumulated postretirement benefit obligations
Less fair value of plan assets
Funded status
(in millions of €)
At December 31,
2005
2006
14,102
(5,243)
451
9,310
15,799
(6,189)
215
9,825
Funded status
Unrecognized actuarial net losses
Unrecognized prior service cost
Net amount recognized
(in millions of €)
At December 31, 2006
Amount after
adoption of
SFAS 158
Effects from
adoption
Amount before
adoption of
SFAS 158
4,792
(4,792)
9,310
9,310
14,102
(4,792)
9,310
Accrued other postretirement
benefits
Accumulated other comprehensive
loss
Net amount recognized
(in millions of €)
At December 31,
2005
2006
17,711
(1,813)
293
905
(321)
120
(33)
(832)
16,030
1,912
(209)
237
5
1
(18)
1,928
14,355
2,280
273
917
(289)
1,004
15
(844)
17,711
1,547
241
134
1
(11)
1,912
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
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 gains on plan assets
Employer contributions
Plan participant contributions
Benefits paid
Fair value of plan assets at end of year
(in millions of €)