Coca Cola 2007 Annual Report Download - page 113

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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 16: PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Continued)
Other Benefit Plans
Plan assets associated with other benefits represent funding of the primary U.S. postretirement benefit plans. In
late 2006, we established and contributed $216 million to a U.S. Voluntary Employee Beneficiary Association
(“VEBA”), a tax-qualified trust. While the VEBA assets will remain segregated from the primary U.S. pension master
trust, the current investments were determined in a methodology similar to that applied to the U.S. pension plans
described above.
Cash Flows
Information about the expected cash flows for our pension and other postretirement benefit plans is as follows
(in millions):
Pension
Benefits Other
Benefits
Expected employer contributions:
2008 $ 52 $ 1
Expected benefit payments1:
2008 $ 185 $ 32
2009 168 34
2010 179 37
2011 177 40
2012 185 42
2013-2017 1,083 208
1The expected benefit payments for our other postretirement benefit plans are net of estimated
federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and
Modernization Act of 2003. Federal subsidies are estimated to be approximately $2 million in 2008
to 2012 and estimated to be approximately $15 million for the period 2013-2017.
Defined Contribution Plans
Our Company sponsors qualified defined contribution plans covering substantially all U.S. employees. Under the
primary plan, we match 100 percent of participants’ contributions up to a maximum of 3 percent of compensation.
Company contributions to the U.S. plan were approximately $29 million, $25 million and $21 million in 2007, 2006
and 2005, respectively. We also sponsor defined contribution plans in certain locations outside the United States.
Company contributions to those plans were approximately $25 million, $16 million and $14 million in 2007, 2006 and
2005, respectively.
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