Coca Cola 2006 Annual Report Download - page 111
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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 16: 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, 2006 2005 2006 2005
Fair value of plan assets at beginning of year1$ 2,406 $ 2,166 $19 $10
Actual return on plan assets 339 213 51
Employer contributions 94 161 224 8
Foreign currency exchange rate changes 36 (35) ——
Benefits paid (96) (95) ——
Business combinations 68 ———
Other (4) (4) ——
Fair value of plan assets at end of year1$ 2,843 $ 2,406 $ 248 $19
1Plan assets include 1.6 million shares of common stock of our Company with a fair value of
$77 million and $65 million as of December 31, 2006 and 2005, respectively. Dividends received on
common stock of our Company during 2006 and 2005 were $2.0 million and $1.8 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, 200612005 200612005
Funded status — plan assets less than benefit obligations $ (202) $ (400) $ (580) $ (768)
Unrecognized net actuarial loss —512 —123
Unrecognized prior service cost (credit) —39 —(6)
Fourth quarter contribution 3———
Net prepaid asset (liability) recognized $ (199) $ 151 $ (580) $ (651)
Prepaid benefit cost $ 494 $ 581 $—$—
Accrued benefit liability (693) (570) (580) (651)
Intangible asset —12 ——
Accumulated other comprehensive income —128 ——
Net prepaid asset (liability) recognized $ (199) $ 151 $ (580) $ (651)
1Effective December 31, 2006, the Company adopted SFAS No. 158.
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