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Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2008
Amounts recognized in accumulated other comprehensive loss at March 31, 2008 and 2007 are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 2008 2007 2008
Unrecognized actuarial loss ¥475,515 ¥375,994 $4,755,150
Unrecognized prior service cost (28,179) (40,619) (281,790)
¥447,336 ¥335,375 $4,473,360
The accumulated benefit obligation at March 31, 2008 and 2007 are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 2008 2007 2008
Accumulated benefit obligation ¥1,377,086 ¥1,370,898 $13,770,860
The components of the net periodic pension and severance cost for the years ended March 31, 2008 and 2007 are as follows:
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2008 2007 2008
Service cost — benefits earned during the year ¥53,038 ¥48,651 $530,380
Interest cost on projected benefit obligation 38,190 33,983 381,900
Expected return on plan assets (34,323) (27,590) (343,230)
Amortization of prior service cost (2,803) (3,766) (28,030)
Recognized actuarial loss 16,089 17,981 160,890
Net periodic pension and severance cost ¥70,191 ¥69,259 $701,910
Other changes in plan assets and benefit obligation recognized in the other comprehensive loss for the year ended March 31,
2008 are as follows:
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2008 2008
Current year actuarial loss ¥118,204 $ 1,182,040
Recognized actuarial loss (16,089) (160,890)
Prior service cost due to plan amendments 9,760 97,600
Amortization of prior service cost 2,803 28,030
¥114,678 $ 1,146,780
The estimated prior service cost and actuarial loss that will be amortized from accumulated other comprehensive loss into
net periodic pension and severance cost over the next year are summarized as follows:
Thousands of
Millions of yen U.S. dollars
Year ending March 31 2009 2009
Prior service cost ¥ (2,115) $ (21,150)
Actuarial loss 21,844 218,440
The Company expects to contribute ¥58,415 million ($584,150 thousand) to its defined benefit plans in the year ending
March 31, 2009.
The following benefit payments are expected to be paid:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2009 ¥ 69,341 $ 693,410
2010 73,477 734,770
2011 74,767 747,670
2012 83,247 832,470
2013 82,147 821,470
2014 - 2018 424,780 4,247,800