Snapple 2011 Annual Report Download - page 105
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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
85
The following tables set forth amounts recognized in the Company's financial statements and the plans' funded status for the
years ended December 31, 2011 and 2010 (in millions):
Projected Benefit Obligations
As of beginning of year
Service cost
Interest cost
Actuarial loss (gain)
Benefits paid
Currency exchange adjustments
Plan mergers
Plan amendments
Settlements
As of end of year
Fair Value of Plan Assets
As of beginning of year
Actual return on plan assets
Employer contributions
Benefits paid
Currency exchange adjustments
Plan mergers
Settlements
As of end of year
Funded status of plan / net amount recognized
Funded status — overfunded
Funded status — underfunded
Net amount recognized consists of:
Non-current assets
Current liabilities
Non-current liabilities
Net amount recognized
Pension Plans
2011
$ 245
2
14
35
(9)
(2)
6
—
(13)
$ 278
$ 234
23
2
(9)
(1)
3
(13)
$ 239
$(39)
$ 1
(40)
$ 1
(1)
(39)
$(39)
2010
$ 253
2
14
4
(8)
1
—
—
(21)
$ 245
$ 223
25
14
(8)
1
—
(21)
$ 234
$(11)
$ 2
(13)
$ 2
(1)
(12)
$(11)
Postretirement
Medical Plans
2011
$ 9
—
1
1
(1)
—
—
—
—
$ 10
$ 5
—
1
(1)
—
—
—
$ 5
$(5)
$ 2
(7)
$ 2
(1)
(6)
$(5)
2010
$ 24
1
1
(1)
(2)
—
—
(14)
—
$ 9
$ 5
1
1
(2)
—
—
—
$ 5
$(4)
$ 2
(6)
$ 2
—
(6)
$(4)
The accumulated benefit obligations for the defined benefit pension plans were $273 million and $240 million as of
December 31, 2011 and 2010, respectively. The pension plan assets and the projected benefit obligations of DPS' U.S. plans
represent approximately 94% and 92% of the total plan assets and the total projected benefit obligation, respectively, of all plans
combined as of December 31, 2011. 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):
Aggregate projected benefit obligation
Aggregate accumulated benefit obligation
Aggregate fair value of plan assets
2011
$ 275
273
236
2010
$ 241
240
230