Raytheon 2010 Annual Report Download - page 109

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
The amounts in accumulated other comprehensive loss at December 31, 2010 expected to be recognized as components
of net periodic benefit cost in 2011 are as follows:
Adjustment to Accumulated Other Comprehensive Loss Pension Benefits Other Benefits
(In millions) December 31: 2010 2010
Net loss $(796) $ (3)
Transition obligation — (4)
Prior service (cost) credit (14) 10
Total $(810) $ 3
For our domestic qualified pension plans the projected benefit obligation (PBO), accumulated benefit obligation (ABO)
and asset values for these plans were $17,847 million, $15,997 million, and $14,502 million, respectively, as of
December 31, 2010 and $16,260 million, $14,599 million, and $12,294 million, respectively, as of December 31, 2009. The
PBO represents the present value of Pension Benefits earned through the end of the year, with allowance for future salary
increases. The ABO is similar to the PBO, but does not provide for future salary increases.
The PBO and fair value of plan assets for Pension Benefits plans with PBOs in excess of plan assets were $17,897 million
and $13,756 million, respectively, at December 31, 2010, and $16,270 million and $11,558 million, respectively, at
December 31, 2009.
The ABO and fair value of plan assets for Pension Benefits plans with ABOs in excess of plan assets were $15,920 million
and $13,710 million, respectively, at December 31, 2010 and $14,511 million and $11,525 million, respectively, at
December 31, 2009. The ABO for all Pension Benefits plans was $17,170 million and $15,675 million at December 31,
2010 and December 31, 2009, respectively.
The tables below provide a reconciliation of benefit obligations, plan assets, funded status and related actuarial
assumptions of our domestic and foreign Pension Benefits and Other Benefits plans.
Change in Projected Benefit Obligation Pension Benefits Other Benefits
(In millions) December 31: 2010 2009 2010 2009
Projected benefit obligation at beginning of year $17,441 $16,361 $846 $ 834
Service cost 442 401 99
Interest cost 1,058 1,031 48 53
Plan participants’ contributions 21 21 45 46
Amendments 15 1——
Actuarial loss (gain) 1,340 708 (64) 8
Foreign exchange loss (gain) (27) 54 ——
Benefits paid (1,152) (1,142) (96) (104)
Net transfer in —6——
Projected benefit obligation at end of year $19,138 $17,441 $788 $ 846
101