Staples 2012 Annual Report Download - page 144

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C-32
STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
The total net cost disclosed above for 2012, 2011 and 2010 associated with the pension plans reflects the total for both
continuing and discontinued operations. The following table presents the net periodic cost recorded in the consolidated statement
of comprehensive income for 2012, 2011 and 2010 related to discontinued operations pension plans only (in thousands):
Discontinued Operations
Pension Plans
2012 2011 2010
Service cost $ 2,487 $ 3,521 $ 3,200
Interest cost 1,940 2,236 2,483
Expected return on plan assets (1,836)(2,430)(2,499)
Amortization of unrecognized losses and prior service
costs 95 126 —
Total cost $ 2,686 $ 3,453 $ 3,184
The following table presents the changes in benefit obligations during 2011 and 2012 (in thousands):
Pension Plans Post-retirement
Benefit Plans
U.S. Plans International
Plans Total Total
Projected benefit obligation at
January 29, 2011 $ 33,431 $ 911,242 $ 944,673 $ 25,281
Service cost — 9,987 9,987 1,765
Interest cost 1,864 42,934 44,798 1,479
Plan participants' contributions — 1,455 1,455 —
Actuarial losses 4,816 37,388 42,204 9,264
Benefits paid (1,493) (55,668)(57,161)(491)
Other — 11,031 11,031 —
Currency translation adjustments — (42,579)(42,579)—
Projected benefit obligation at
January 28, 2012 $ 38,618 $ 915,790 $ 954,408 $ 37,298
Service cost — 11,579 11,579 2,282
Interest cost 1,772 38,156 39,928 1,811
Plan participants' contributions — 1,183 1,183 —
Actuarial losses 1,903 165,236 167,139 5,220
Benefits paid (1,632) (54,815)(56,447)(562)
Currency translation adjustments — 46,183 46,183 —
Projected benefit obligation at
February 2, 2013 $ 40,661 $ 1,123,312 $ 1,163,973 $ 46,049
The accumulated benefit obligation for the U.S. Plans and International Plans at February 2, 2013 was $40.7 million and
$1.1 billion, respectively. The accumulated benefit obligation for the U.S. Plans and International Plans at January 28, 2012 was
$38.6 million and $889.5 million, respectively. The accumulated benefit obligation for the post-retirement benefit obligation was
$46.0 million and $37.3 million at February 2, 2013 and January 28, 2012, respectively.