Unum 2013 Annual Report Download - page 144

Download and view the complete annual report

Please find page 144 of the 2013 Unum 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 174

  • 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
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174

142 / UNUM 2013 ANNUAL REPORT
Notes To Consolidated Financial Statements
The amounts recognized in our consolidated balance sheets for our pension and OPEB plans at December 31, 2013 and 2012 are as
follows. Certain prior year amounts have been reclassified to conform to current year reporting.
Pension Benefits
U.S. Plans Non U.S. Plans OPEB
(in millions of dollars) 2013 2012 2013 2012 2013 2012
Current Liability $ 5.2 $ 4.6 $ — $ — $ 14.6 $ 15.6
Noncurrent Liability 136.2 609.7 — — 139.3 171.7
Noncurrent Asset (13.4) — (17.0) (8.2) — —
Underfunded (Overfunded) Status $ 128.0 $ 614.3 $(17.0) $ (8.2) $153.9 $187.3
Unrecognized Pension and
Postretirement Benefit Costs
Net Actuarial Gain (Loss) $(342.1) $(845.4) $(36.9) $(37.9) $ 10.3 $ (19.3)
Prior Service Credit (Cost) — (0.6) — (0.2) 2.4 7.3
(342.1) (846.0) (36.9) (38.1) 12.7 (12.0)
Deferred Income Tax Asset 119.7 296.1 10.9 11.1 5.8 14.4
Total Included in Accumulated Other
Comprehensive Income (Loss) $(222.4) $(549.9) $(26.0) $(27.0) $ 18.5 $ 2.4
The following table provides the changes recognized in other comprehensive income for the years ended December 31, 2013 and 2012.
Pension Benefits
U.S. Plans Non U.S. Plans OPEB
(in millions of dollars) 2013 2012 2013 2012 2013 2012
Accumulated Other Comprehensive
Income (Loss) at Beginning of Year $(549.9) $(437.6) $(27.0) $(17.2) $ 2.4 $ 10.7
Net Actuarial Gain (Loss)
Amortization 31.7 45.9 1.2 0.5 — —
Curtailment 126.8 — — — — 4.2
All Other Changes 344.8 (218.2) (0.2) (13.4) 29.6 (19.4)
Prior Service Credit (Cost)
Amortization (0.1) (0.4) — — (4.9) (2.6)
Curtailment 0.7 — (3.7) — — —
Plan Amendment — — 3.9 — — 5.0
Change in Deferred
Income Tax Asset (176.4) 60.4 (0.2) 3.1 (8.6) 4.5
Accumulated Other Comprehensive
Income (Loss) at End of Year $(222.4) $(549.9) $(26.0) $(27.0) $ 18.5 $ 2.4