Pepsi 2015 Annual Report Download - page 120

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Table of Contents
103
Pension Retiree Medical
U.S. International
2015 2014 2015 2014 2015 2014
Amounts recognized
Other assets $—
$ 97 $ 56 $ 37 $—
$—
Other current liabilities (47) (42) (1) (1) (63) (57)
Other liabilities (1,589) (1,240) (104) (281) (883) (967)
Net amount recognized $ (1,636) $ (1,185) $ (49) $ (245) $ (946) $ (1,024)
Amounts included in accumulated other comprehensive loss (pre-tax)
Net loss/(gain) $ 3,065 $ 2,918 $ 733 $ 1,003 $ (138) $ (49)
Prior service cost/(credit) 1(18) (7) (7) (127) (166)
Total $ 3,066 $ 2,900 $ 726 $ 996 $ (265) $ (215)
Components of the increase/(decrease) in net loss/(gain) included in accumulated other comprehensive loss
Change in discount rate $ (593) $ 1,424 $ (150) $ 636 $ (42) $ 98
Employee-related assumption changes (35) 345 6(112) (37) 58
Liability-related experience different from assumptions 51 (104) (77) (12) (36) 34
Actual asset return different from expected return 935 (470) 97 (225) 29 (19)
Amortization and settlement of losses (205) (316) (77) (61) (2) 4
Other, including foreign currency adjustments (6) (30) (69) (72) (1) (2)
Total $ 147 $ 849 $ (270) $ 154 $ (89) $ 173
Accumulated benefit obligation at end of year $ 12,077 $ 12,206 $ 2,453 $ 2,721
The components of benefit expense are as follows:
Pension Retiree Medical
U.S. International
2015 2014 2013 2015 2014 2013 2015 2014 2013
Components of benefit expense
Service cost $ 435 $ 393 $ 467 $ 99 $ 98 $ 111 $ 35 $ 36 $ 45
Interest cost 546 580 527 115 131 118 52 58 54
Expected return on plan assets (850) (784) (823) (174) (176) (157) (27) (27) (27)
Amortization of prior service (credit)/cost (3) 21 18 ——1
(39) (28) (23)
Amortization of net loss/(gain) 205 175 289 71 53 66 2(4) 1
333 385 478 111 106 139 23 35 50
Settlement/curtailment loss/(gain) (a) —141 (4) 377
———
Special termination benefits 18 24 22 1—— 132
Total $ 351 $ 550 $ 496 $ 115 $ 113 $ 146 $ 24 $ 38 $ 52
(a) U.S. includes a pension lump sum settlement charge of $141 million in 2014. See additional unaudited information in “Items Affecting
Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.