Mondelez 2014 Annual Report Download - page 93

Table of Contents
Components of Net Postretirement Health Care Costs:
Net postretirement health care costs consisted of the following:
As of December 31, 2014, we expected to amortize from accumulated other comprehensive earnings / (losses) into pre-tax net
postretirement health care costs during 2015:
We used the following weighted-average assumptions to determine our net postretirement cost:
Future Benefit Payments:
Our estimated future benefit payments for our postretirement health care plans at December 31, 2014 were (in millions):
Other Costs:
We made contributions to multiemployer medical plans totaling $18 million in 2014, $18 million in 2013 and $31 million in 2012. The
contributions include contributions related to Kraft Foods Group employees who participated in our multiemployer medical plans
through October 1, 2012 of $13 million in 2012. These plans provide medical benefits to active employees and retirees under
certain collective bargaining agreements.
90
For the Years Ended December 31,
2014
2013
2012
(in millions)
Service cost
$
13
$
15
$
35
Interest cost
22
20
121
Amortization:
Net loss from experience differences
5
12
65
Prior service credit
(10
)
(12
)
(31
)
Other
(1)
–
–
29
Net postretirement health care costs related to discontinued
operations –
–
(
135
)
Net postretirement health care costs included within
continuing operations
$
30
$
35
$
84
(1)
In 2012, we recorded a $23 million unfunded U.S. postretirement plan obligation related to long
-
term disability benefits.
•
an estimated $13 million of net loss from experience differences, and
•
an estimated $7 million of prior service credit.
U.S. Plans
Non
-
U.S. Plans
For the Years Ended December 31,
For the Years Ended December 31,
2014
2013
2012
2014
2013
2012
Discount rate 5.10% 4.20% 4.47% 5.17% 4.39% 4.14%
Health care cost trend rate 7.00% 7.50% 7.00% 5.11% 6.47% 6.21%
Year ending:
2015
2016
2017
2018
2019
2020
-
2024
U.S. Plans
$7
$8
$10
$11
$13
$86
Non
-
U.S. Plans
$5
$6
$6
$6
$7
$38