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Jarden Corporation Annual Report 2014 63
Funded Status
The following table provides a reconciliation of the benet obligation, plan assets and the funded status of the pension and
postretirement plans as of December31, 2014 and 2013:
Pension Benets
Postretirement
Benets
2014 2013 2014 2013
(In millions) Domestic Foreign Total Domestic Foreign Total
Change in benet obligation:  
Benet obligation at beginning of year $314.4 $71.0 $385.4 $348.4 $71.6 $420.0 $6.4 $7.6
Service cost — 2.1 2.1 — 2.2 2.2 — —
Interest cost 14.6 2.4 17.0 13.3 2.3 15.6 0.3 0.3
Curtailments and settlements (25.2)(0.9)(26.1)— (1.6)(1.6)— —
Amendments — (1.1)(1.1)— — — — —
Actuarial loss (gain) 24.2 12.6 36.8 (26.1)(1.5)(27.6)0.3 (1.1)
Participant contributions — — — — — — 0.2 0.2
Benets paid (19.4)(3.1)(22.5)(21.2)(2.7)(23.9)(0.4)(0.6)
Foreign currency translation and other — (8.9)(8.9)— 0.7 0.7 — —
Benet obligation at end of year (a) 308.6 74.1 382.7 314.4 71.0 385.4 6.8 6.4
Change in plan assets:
Fair value of plan assets at beginning ofyear $270.0 $35.7 $305.7$256.5 $33.5 $290.0 $ — $ —
Actual return on plan assets 27.6 3.0 30.6 19.2 1.5 20.7 — —
Company contributions 15.5 3.7 19.2 15.5 4.3 19.8 0.2 0.4
Settlements (25.2)(0.9)(26.1)— (1.6)(1.6)— —
Participant contributions — — — — — — 0.2 0.2
Benets paid (19.4) (3.1)(22.5) (21.2)(2.7)(23.9)(0.4) (0.6)
Foreign currency translation and other — (3.4) (3.4) — 0.7 0.7 — —
Fair value of plan assets at end of year 268.5 35.0 303.5 270.0 35.7 305.7 — —
Net (liability) recognized in the
consolidated balance sheet $ (40.1) $(39.1)$(79.2)$(44.4)$(35.3)$(79.7)$(6.8)$(6.4)
Assumptions  
Weighted average assumption used to calculate benet obligation:
Discount rate 3.90%2.23%3.58%  4.80%3.58%4.58% 3.90%4.70%
Rate of compensation increase — 2.44%2.44%  — 2.50%2.50%— —
Healthcare cost trend rate:  
Current — — —   — — — 6.45%6.60%
Ultimate — — —   — — — 4.50%4.50%
(a) The accumulated benet obligation for all dened benet pension plans was $376 and $379 at December31, 2014 and 2013,
respectively.
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2014 (Dollars in millions, except per share data and unless otherwise indicated)