Sunbeam 2013 Annual Report Download - page 70
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The activity for Level 3 pension plan assets for 2013 and 2012 is as follows:
Level3PensionPlanAssets
(In millions) Domestic Plans Foreign Plans
Balance, December31, 2011 $13.3 $15.3
Actual return on plan assets:
Relating to assets held at year-end 1.3 0.6
Relating to assets sold during the period (0.3)—
Purchases, sales, settlements and other, net (0.2)0.3
Balance, December31, 2012 $14.1 $16.2
Actual return on plan assets:
Relating to assets held at year-end (0.2)0.5
Purchases, sales, settlements and other, net (0.1)0.6
Balance, December31, 2013 $13.8 $17.3
Domestic Contributions
In 2014, the Company expects to make cash contributions of approximately $16 and $0.5 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 $5 in 2014.
Information about the expected benet payments for the Company’s pension and postretirement plans are as follows:
Years Ending December31,
(In millions) Pension PlansPostretirement Plans
2014 $26.8 $0.5
2015 25.5 0.5
2016 25.2 0.5
2017 25.1 0.5
2018 24.9 0.5
Next 5 years 127.4 2.3
The current healthcare cost trend rate gradually declines through 2028 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 benet
obligation or the service and interest cost components of postretirement benet costs.
The Company sponsors a dened 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 2013, 2012 and 2011, the dened
contribution savings plan expense was $7.8, $6.4 and $4.9, respectively.
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2013 (Dollars in millions, except per share data and unless otherwise indicated)