Sunbeam 2008 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2008 Sunbeam annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

Postretirement Benefits
(In millions) 2008 2007 2006
Service cost $0.2 $ 0.4 $ 0.5
Interest cost 1.1 1.2 1.4
Amortization:
Prior service benefit (0.8) (0.3) (0.3)
Net actuarial (gain)/loss (0.5) (0.4) 0.1
Net periodic cost — 0.9 1.7
Curtailments and settlements (16.2) — (1.7)
Total expense (credit) $ (16.2) $ 0.9 $ —
Assumptions
Weighted average assumption used to calculate net periodic cost:
Discount rate 6.25% 5.85% 5.50%
Rate of compensation increase 3.00% 3.00% —
The amount of accumulated other comprehensive income expected to be recognized in net periodic benefit cost for the year
ending December 31, 2009 is as follows:
Pension Benefits
(In millions) Domestic Foreign Total Postretirement
Prior service cost $ — $ — $ — $ 0.8
Net actuarial loss 4.8 0.1 4.9 0.1
$4.8 $0.1 $4.9 $0.9
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2008 (Dollars in millions, except per share data and unless otherwise indicated)
59