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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
83
The following tables set forth amounts recognized in the Company's financial statements and the plans' funded status for the
years ended December 31, 2013 and 2012 (in millions):
Postretirement
Pension Plans Medical Plans
2013 2012 2013 2012
Projected Benefit Obligations
As of beginning of year $ 308 $ 278 $ 9 $ 10
Service cost 32——
Interest cost 13 14 ——
Actuarial (gains) losses, net (35)31 (1)1
Benefits paid (10)(17)(1)(1)
Currency exchange adjustments (2)———
Curtailments ———(1)
Settlements (18)———
As of end of year $ 259 $ 308 $ 7 $ 9
Fair Value of Plan Assets
As of beginning of year $ 257 $ 239 $ 5 $ 5
Actual return on plan assets 732 ——
Employer contributions 2211
Benefits paid (10)(17)(1)(1)
Currency exchange adjustments (1)1——
Settlements (18)———
As of end of year $ 237 $ 257 $ 5 $ 5
Funded status of plan / net amount recognized $(22)$(51)$(2)$(4)
Funded status — overfunded $ 1 $ — $ 2 $ 1
Funded status — underfunded (23)(51)(4)(5)
Net amount recognized consists of:
Non-current assets $ 1 $ — $ 2 $ 1
Current liabilities (1)——(1)
Non-current liabilities (22)(51)(4)(4)
Net amount recognized $(22)$(51)$(2)$(4)
The accumulated benefit obligations for the defined benefit pension plans were $256 million and $302 million as of
December 31, 2013 and 2012, respectively. The pension plan assets and the projected benefit obligations of DPS' U.S. plans
represent approximately 92% and 91% of the total plan assets and the total projected benefit obligation, respectively, of all plans
combined as of December 31, 2013. 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):
2013 2012
Aggregate projected benefit obligation $ 256 $ 304
Aggregate accumulated benefit obligation 256 302
Aggregate fair value of plan assets 234 253