Staples 2015 Annual Report Download - page 147
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APPENDIX C
STAPLES C-30
STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
Assumptions Used to Determine Plan Financial Information
The valuation of benefit obligations and net periodic pension
and post-retirement benefit cost uses participant-specific
information such as salary, age and years of service, as
well as certain assumptions, the most significant of which
include estimates of discount rates, expected return on plan
assets, rate of compensation increases, interest rates and
mortality rates.
The following table presents the assumptions used to measure
the net periodic cost and the year-end benefit obligations for
the defined benefit pension and post-retirement benefit plans
for 2015, 2014 and 2013:
2015
Pension Plans
Post-retirement
Benefit Plan
U.S.
Plans International
Plans
Weighted-average assumptions used to measure net periodic pension cost:
Discount rate 3.8% 1.2% 4.6%
Expected return on plan assets 6.0% 4.4% —%
Rate of compensation increase —% 1.8% 3.5%
Weighted-average assumptions used to measure benefit obligations at year-end:
Discount rate 4.5% 1.8% 4.6%
Rate of compensation increase —% 1.8% 3.5%
Rate of pension increase —% 1.0% —%
2014
Pension Plans
Post-retirement
Benefit Plan
U.S.
Plans International
Plans
Weighted-average assumptions used to measure net periodic pension cost:
Discount rate 4.8% 3.0% 4.1%
Expected return on plan assets 6.0% 4.7% —%
Rate of compensation increase —% 1.1% 2.5%
Weighted-average assumptions used to measure benefit obligations at year-end:
Discount rate 3.8% 1.3% 4.1%
Rate of compensation increase —% 2.0% 2.5%
Rate of pension increase —% 1.1% —%
2013
Pension Plans
Post-retirement
Benefit Plan
U.S.
Plans International
Plans
Weighted-average assumptions used to measure net periodic pension cost:
Discount rate 4.3% 3.0% 5.4%
Expected return on plan assets 6.0% 5.4% —%
Rate of compensation increase —% 2.1% 2.0%
Weighted-average assumptions used to measure benefit obligations at year-end:
Discount rate 4.8% 2.9% 5.4%
Rate of compensation increase —% 2.0% 2.0%
Rate of pension increase —% 1.1% —%