Snapple 2009 Annual Report Download - page 117

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The following tables set forth amounts recognized in the Company’s financial statements and the plans’ funded
status for the years ended December 31, 2009 and 2008 (in millions):
2009 2008 2009 2008
Pension Plans
Postretirement
Benefit Plans
Projected Benefit Obligations
As of beginning of year ..................................... $ 230 $ 66 $ 25 $ 9
Impact from the separation of commingled plans into stand alone
plans(1) .............................................. — 254 — 17
Impact of changing measurement date(2) ....................... — (1) — (1)
Service cost ............................................ 1 11 1 1
Interest cost ............................................ 15 19 2 1
Actuarial (gain)/loss ...................................... 24 (27) (2) 2
Benefits paid ............................................ (7) (8) (3) (3)
Currency exchange adjustments .............................. 2 (4) 1 (1)
Curtailments ............................................ — (35) — —
Settlements ............................................. (12) (45) — —
As of end of year .......................................... $ 253 $ 230 $ 24 $ 25
Fair Value of Plan Assets
As of beginning of year ..................................... $ 162 $ 70 $ 4 $ —
Impact from the separation of commingled plans into stand alone
plans(1) .............................................. — 194 — 6
Impact of changing measurement date(2) ....................... — (5) — —
Actual return of plan assets ................................. 37 (67) 1 (2)
Employer contribution ..................................... 43 26 2 2
Plan participants’ contributions .............................. — — 1 1
Benefits paid ............................................ (7) (8) (3) (3)
Currency exchange adjustments .............................. — (3) — —
Settlements ............................................. (12) (45) — —
As of end of year .......................................... $ 223 $ 162 $ 5 $ 4
Funded status of plan / net amount recognized ..................... $ (30) $ (68) $ (19) $ (21)
Funded status — overfunded ................................ $ 2$2$—$—
Funded status — underfunded ............................... (32) (70) (19) (21)
Net amount recognized consists of:
Non-current assets ........................................ $ 2$2$—$—
Current liabilities ........................................ (1) (1) (1) (1)
Non-current liabilities ..................................... (31) (69) (18) (20)
Net amount recognized . . . ................................. $ (30) $ (68) $ (19) $ (21)
(1) Effective January 1, 2008, the Company separated commingled pension and postretirement plans which
contained participants of both the Company and other Cadbury companies into separate stand alone plans
sponsored by DPS. As a result, the Company re-measured the projected benefit obligation.
(2) In accordance with U.S. GAAP, the Company elected the transition method under which DPS re-measured the
plan obligations and plan assets as of January 1, 2008, the first day of the 2008 year, for plans that previously
had a measurement date other than December 31.
97
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)