APC 2003 Annual Report Download - page 92

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Consolidated and Parent Company Financial Statements
90
(
€
millions)
O/w US plans O/w US plans
Dec. 31, 2003
Dec. 31, 2003
Dec. 31, 2002
Dec. 31, 2002
2. Components of periodic pension cost
Service cost 46.9
16.3
51.4
20.5
Interest cost (impact of discounting) 89.1
52.7
94.0
62.3
Expected return on plan assets (87.6)
(70.2)
(104.6)
(88.5)
Amortization of prior service cost 1.4 1.2 -
Amortization of initial obligation 3.1
3.4
3.6
3.1
Recognized net actuarial loss (gain) 24.9
16.7
5.7
1.4
Curtailments and settlements - -
Periodic pension cost (benefit) 77.8
18.9
51.2
(1.2)
(
€
millions)
O/w US plans O/w US plans
Dec. 31, 2003
Dec. 31, 2003
Dec. 31, 2002
Dec. 31, 2002
3. Change in projected benefit obligation
Projected benefit obligation at
beginning of year 1,599.9
856.0
1,615. 6
912.7
Service cost 46.9
16.3
51.4
20.5
Interest cost 89.1
52.7
94.0
62.3
Actuarial losses (gains) 55.0
21.9
49.2
43.3
Plan participants’ contributions 3.6 3.0
Prior service cost 3.5
1.9
--
Acquisitions – Disposals* 25.6 (3.4) -
Benefits paid (61.3)
(37.7)
(52.7)
(41.0)
Translation adjustment (194.0)
(151.1)
(157.4)
(141.8)
Projected benefit obligation
at end of year 1,568.3
760.1
1,599.9
856.0