Coca Cola 2005 Annual Report Download - page 105
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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 15: PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Continued)
The following table sets forth the change in the fair value of plan assets for our benefit plans (in millions):
Pension Benefits Other Benefits
December 31, 2005 2004 2005 2004
Fair value of plan assets at beginning of year1$ 2,397 $ 2,024 $10 $—
Actual return on plan assets 233 243 11
Employer contributions 163 179 89
Foreign currency exchange rate changes (47) 51 ——
Benefits paid (105) (100) ——
Other (4) ———
Fair value of plan assets at end of year1$ 2,637 $ 2,397 $19 $10
1Plan assets include 1.6 million shares of common stock of our Company with a fair value of $65
million and $67 million as of December 31, 2005 and 2004, respectively. Dividends received on
common stock of our Company during 2005 and 2004 were $1.8 million and $1.6 million, respectively.
The pension and other benefit amounts recognized in our consolidated balance sheets are as follows (in
millions):
Pension Benefits Other Benefits
December 31, 2005 2004 2005 2004
Funded status — plan assets less than benefit obligations $ (404) $ (403) $ (768) $ (791)
Unrecognized net actuarial loss 550 447 123 187
Unrecognized prior service cost (benefit) 44 47 (6) (6)
Net prepaid asset (liability) recognized $ 190 $91$ (651) $ (610)
Prepaid benefit cost $ 620 $ 527 $—$—
Accrued benefit liability (570) (595) (651) (610)
Intangible asset 12 15 ——
Accumulated other comprehensive income 128 144 ——
Net prepaid asset (liability) recognized $ 190 $91$ (651) $ (610)
103