Coca Cola 2007 Annual Report Download - page 110
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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 tables set forth the 2007 changes in AOCI for our benefit plans (in millions):
Pension Benefits Other Benefits
Net actuarial loss (gain) at beginning of year $ 265 $ 97
Amortization of (loss) gain (18) (1)
(Gain) loss arising during the year (227) (88)
Translation loss (gain) 9—
Net actuarial loss (gain) at end of year $29 $8
Pension Benefits Other Benefits
Net prior service cost (credit) at beginning of year $ 37 $ (5)
Amortization of (cost) credit (7) 42
Cost (credit) arising during the year 48 (342)
Translation loss (gain) 1—
Net prior service cost (credit) at end of year $ 79 $ (305)
Amounts in AOCI expected to be recognized as components of net periodic pension cost in 2008 are as follows
(in millions, pretax):
Pension Benefits Other Benefits
Amortization of actuarial loss (gain) $ 9 $ —
Amortization of prior service cost (credit) 10 (61)
$ 19 $ (61)
Components of Net Periodic Benefit Cost
Net periodic benefit cost for our pension and other postretirement benefit plans consisted of the following (in
millions):
Pension Benefits Other Benefits
December 31, 2007 2006 2005 2007 2006 2005
Service cost $ 123 $ 108 $ 91 $40 $31 $28
Interest cost 191 168 156 34 46 43
Expected return on plan assets (231) (191) (167) (20) (5) (1)
Amortization of prior service cost (credit) 777(42) ——
Amortization of actuarial loss (gain) 18 46 37 131
Net periodic benefit cost $ 108 $ 138 $ 124 $13 $75 $71
Settlement charge 316———
Curtailment charge 2—————
Total costs recognized in the statements of
income $ 113 $ 139 $ 130 $13 $75 $71
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