Pepsi 2014 Annual Report Download - page 117
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97
The estimated amounts to be amortized from accumulated other comprehensive loss into expense in 2015
for our pension and retiree medical plans are as follows:
Pension Retiree Medical
U.S. International
Net loss $ 205 $ 74 $ —
Prior service credit (3) — (38)
Total $ 202 $ 74 $ (38)
The following table provides the weighted-average assumptions used to determine projected benefit liability
and benefit expense for our pension and retiree medical plans:
Pension Retiree Medical
U.S. International
2014 2013 2012 2014 2013 2012 2014 2013 2012
Weighted-average assumptions
Liability discount rate 4.2% 5.0% 4.2% 3.8% 4.7% 4.4% 3.8% 4.6% 3.7%
Expense discount rate 5.0% 4.2% 4.6% 4.7% 4.4% 4.8% 4.3% 3.7% 4.4%
Expected return on plan assets 7.5% 7.8% 7.8% 6.6% 6.6% 6.7% 7.5% 7.8% 7.8%
Liability rate of salary increases 3.5% 3.7% 3.7% 3.6% 3.9% 3.9%
Expense rate of salary increases 3.7% 3.7% 3.7% 3.9% 3.9% 4.1%
The following table provides selected information about plans with liability for service to date and total
projected benefit liability in excess of plan assets:
Pension Retiree Medical
U.S. International
2014 2013 2014 2013 2014 2013
Selected information for plans with liability for service to date in excess of plan assets
Liability for service to date $ (661) $ (577) $ (333) $ (310)
Fair value of plan assets $ 2 $ 2 $ 288 $ 259
Selected information for plans with projected benefit liability in excess of plan assets
Benefit liability $ (7,385) $ (6,555) $ (2,865) $ (2,291) $ (1,439) $ (1,384)
Fair value of plan assets $ 6,103 $ 5,589 $ 2,583 $ 2,135 $ 415 $ 406
Of the total projected pension benefit liability at year-end 2014, $808 million relates to plans that we do not
fund because the funding of such plans does not receive favorable tax treatment.
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