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106 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 16. RETIREMENT BENEFITS (Continued)
Effective August 1, 2008, the Company-paid retiree basic life insurance benefits were capped at $25,000 for eligible
existing and future salaried retirees. Salaried employees hired on or after January 1, 2004 are not eligible for retiree basic
life insurance.
Benefit Plans – Expense and Status
The measurement date for all of our worldwide postretirement benefit plans is December 31. The pre-tax expense for
our defined benefit pension and OPEB plans for the years ended December 31 was as follows (in millions):
Pension Benefits
U.S. Plans Non-U.S. Plans Worldwide OPEB
2012 2011 2010 2012 2011 2010 2012 2011 2010
Service cost $ 521 $ 467 $ 376 $372 $327 $314 $ 67 $ 63 $ 54
Interest cost 2,208 2,374 2,530 1,189 1,227 1,249 290 327 338
Expected return on assets (2,873) (3,028) (3,172) (1,340) (1,404) (1,337) — — —
Amortization of
Prior service costs/(credits) 220 343 370 72 72 75 (545)(612) (617)
(Gains)/Losses 425 194 20 412 301 218 129 94 92
Separation programs/other 7 1 (2) 162 170 54 210 5
(Gains)/Losses from curtailments and
settlements 250 — — — 111 —(11)(26)(30)
Net expense/(income) $ 758 $ 351 $ 122 $867 $804 $573 $(68) $ (144) $ (158)