Sunbeam 2011 Annual Report Download - page 67

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65
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2011 (Dollars in millions, except per share data and unless otherwise indicated)
Domestic Contributions
In 2012, the Company expects to make cash contributions of approximately $16 and $0.7 to its domestic pension and postretirement
plans, respectively. These contributions are for both funded and unfunded plans and are net of participant contributions.
Foreign Contributions
The Company funds its pension plans in amounts consistent with applicable laws and regulations and expects to make cash
contributions of approximately $4 in 2012.
Information about the expected benefit payments for the Company’s pension and postretirement plans are as follows:
The current healthcare cost trend rate gradually declines through 2022 to the ultimate trend rate and remains level thereafter. A one
percentage point change in assumed healthcare cost trend rates would not have a material effect on the postretirement benefit
obligation or the service and interest cost components of postretirement benefit costs.
The Company sponsors a defined contribution savings plan for substantially all of its U.S. employees. Under provisions for this plan,
employees may contribute a percentage of eligible compensation on both a before-tax basis and after-tax basis. The Company
generally matches a percentage of a participating employee’s before-tax contributions. For 2011, 2010 and 2009, the defined
contribution savings plan expense was $4.9, $5.5 and $5.7, respectively.
The activity for Level 3 pension plan assets for 2011 and 2010 is as follows:
Level 3 Pension Plan Assets
(In millions) Domestic Plans Foreign Plans
Balance, December 31, 2009 $ 7.8 $ 7.7
Actual return on plan assets:
Relating to assets held at year-end 0.2 0.7
Purchases, sales and settlements and other, net 7.0 6.9
Balance, December 31, 2010 $ 15.0 $ 15.3
Actual return on plan assets:
Relating to assets held at year-end (0.2) 0.5
Purchases, sales, settlements and other, net 8.3 (0.5)
Transfers in/(out) (9.8) —
Balance, December 31, 2011 $ 13.3 $ 15.3
(In millions)
Years Ending December 31, Pension Plans Postretirement Plans
2012 $ 26.8 $ 0.7
2013 25.7 0.6
2014 25.1 0.6
2015 24.4 0.6
2016 25.1 0.5
Next 5 years 127.9 2.5
Total $ 255.0 $ 5.5