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Notes to Consolidated Financial Statements
Darden
Darden Restaurants, Inc. 2013 Annual Report 59
Components of net periodic benefit cost included in continuing operations are as follows:
Defined Benefit Plans Postretirement Benefit Plan
(in millions)
2013 2012 2011 2013 2012 2011
Service cost $ 4.7 $ 5.1 $ 5.9 $ 0.8 $ 0.8 $0.9
Interest cost 9.9 9.6 9.5 1.3 1.5 2.3
Expected return on plan assets (19.4) (17.8) (16.6) –  – –
Amortization of unrecognized prior service cost 0.1 0.1 0.1 (0.1)  (0.1) –
Recognized net actuarial loss 8.8 8.2 4.5 – –  1.3
Net pension and postretirement cost (benefit) $ 4.1 $ 5.2 $ 3.4 $ 2.0 $ 2.2 $4.5
The amortization of the net actuarial loss component of our fiscal 2014 net periodic benefit cost for the defined benefit plans and postretirement benefit plan is
expected to be approximately $9.1 million and $0.0 million, respectively.
The fair values of the defined benefit pension plans assets at their measurement dates of May 26, 2013 and May 27, 2012, are as follows:
Items Measured at Fair Value at May 26, 2013
Quoted Prices in Active Market Significant Other Significant
Fair Value of Assets for Identical Assets (Liabilities) Observable Inputs Unobservable Inputs
(In millions) (Liabilities) (Level 1) (Level 2) (Level 3)
Equity:
U.S. Commingled Funds (1) $ 97.2 $ – $ 97.2 $ –
International Commingled Funds (2) 33.4 – 33.4 –
Emerging Market Commingled Funds (3) 13.8 – 13.8 –
Real Estate Commingled Funds (4) 11.6 – 11.6 –
Fixed-Income:
U.S. Treasuries (5) 16.3 16.3 – –
U.S. Corporate Securities (5) 42.5 – 42.5 –
International Securities (5) 8.2 – 8.2 –
Public Sector Utility Securities (5) 9.4 – 9.4 –
Cash & Accruals 1.7 1.7 – –
Total $234.1 $18.0 $216.1 $ –