Pepsi 2013 Annual Report Download - page 111
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93
after-tax or $0.08 per share) as a result of this transaction. See additional unaudited information in “Items
Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of
Operations.
The provisions of both the PPACA and the Health Care and Education Reconciliation Act are reflected in
our retiree medical expenses and liabilities and were not material to our financial statements.
Selected financial information for our pension and retiree medical plans are as follows:
Pension Retiree Medical
U.S. International
2013 2012 2013 2012 2013 2012
Change in projected benefit liability
Liability at beginning of year $ 12,886 $ 11,901 $ 2,788 $ 2,381 $ 1,511 $ 1,563
Service cost 467 407 111 100 45 50
Interest cost 527 534 118 115 54 65
Plan amendments 22 15 (1) ———
Participant contributions ——33——
Experience (gain)/loss (1,522) 932 (65) 200 (128) (63)
Benefit payments (533) (278) (91) (76) (97) (111)
Settlement/curtailment (44) (633) (3) (40) ——
Special termination benefits 22 8—125
Foreign currency adjustment ——(2) 102 (3) 2
Other ——12——
Liability at end of year $ 11,825 $ 12,886 $ 2,859 $ 2,788 $ 1,384 $ 1,511
Change in fair value of plan assets
Fair value at beginning of year $ 10,817 $ 9,072 $ 2,463 $ 2,031 $ 365 $ 190
Actual return on plan assets 1,159 1,282 265 206 76 35
Employer contributions/funding 63 1,368 137 246 62 251
Participant contributions ——33——
Benefit payments (533) (278) (91) (76) (97) (111)
Settlement (44) (627) (8) (33) ——
Foreign currency adjustment ——886 ——
Fair value at end of year $ 11,462 $ 10,817 $ 2,777 $ 2,463 $ 406 $ 365
Funded status $ (363) $ (2,069) $ (82) $ (325) $ (978) $ (1,146)