Snapple 2009 Annual Report Download - page 118

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The accumulated benefit obligations for the defined benefit pension plans were $252 million and $230 million
at December 31, 2009 and 2008, respectively. The pension plan assets and the projected benefit obligations of DPS’
U.S. plans represent approximately 94% and 93% of the total plan assets and the total projected benefit obligation,
respectively, of all plans combined. The following table summarizes key pension plan information regarding plans
whose accumulated benefit obligations exceed the fair value of their respective plan assets (in millions):
2009 2008
Aggregate projected benefit obligation ......................................... $ 253 $ 228
Aggregate accumulated benefit obligation ...................................... 252 228
Aggregate fair value of plan assets ........................................... 223 158
The following table summarizes the components of the net periodic benefit cost and changes in plan assets and
benefit obligations recognized in OCI for the stand alone U.S. and foreign plans for the years ended December 31,
2009, 2008 and 2007 (in millions):
2009 2008 2007 2009 2008 2007
For the Year Ended December 31,
Pension Plans
Benefit Plans
Postretirement
Net Periodic Benefit Costs(1)
Service cost ................................ $ 1 $ 11 $ 2 $ 1$1$—
Interest cost ................................ 15 19 4 2 1 —
Expected return on assets ...................... (13) (19) (5) — — —
Amortization of actuarial loss ................... 5 3 — — — —
Amortization of prior service cost ................ — 1 — — — —
Curtailment gain............................. — (1) (1) — — —
Settlement loss .............................. 3 17 — — — —
Net periodic benefit costs .................... $ 11 $ 31 $ — $ 3$2$—
Changes Recognized in OCI(1)
Curtailment effects ........................... $ — $ (34) $ — $ — $ — $ (1)
Settlements................................. (3) (16) 1 — — —
Current year actuarial (gain)/loss ................. — 60 (6) (3) 5 1
Recognition of actuarial loss .................... (4) (3) — — — —
Recognition of prior service cost ................. — (1) — — — —
Total recognized in OCI ..................... $ (7) $ 6 $ (5) $ (3) $ 5 $ —
(1) Effective January 1, 2008, the Company separated commingled pension and post retirement plans which
contained participants of both the Company and other Cadbury companies into separate stand alone plans
sponsored by DPS. The net periodic benefit costs associated with these plans prior to the separation are detailed
below as a component of multi-employer plan costs for 2007.
The estimated net actuarial loss and prior service cost for the defined benefit plans that will be amortized from
AOCL into periodic benefit cost in 2010 are approximately $9 million and less than $1 million, respectively.
98
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)