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104 Ford Motor Company | 2013 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 14. RETIREMENT BENEFITS (Continued)
The year-end status of these plans was as follows (in millions):
Pension Benefits
U.S. Plans Non-U.S. Plans Worldwide OPEB
2013 2012 2013 2012 2013 2012
Change in Benefit Obligation
Benefit obligation at January 1 $ 52,125 $48,816 $30,702 $25,163 $6,810 $ 6,593
Service cost 581 521 484 372 64 67
Interest cost 1,914 2,208 1,137 1,189 256 290
Amendments — (39) (1) 222 — (156)
Separation programs and other (75)(40)141 202 (11)3
Curtailments — — — — — —
Settlements (3,089) (1,123) (51) — — —
Plan participant contributions 26 27 25 36 27 29
Benefits paid (3,120) (3,427) (1,416) (1,420) (421) (454)
Foreign exchange translation — — 229 803 (131) 47
Divestiture — — — — — —
Actuarial (gain)/loss (5,180)5,182 (399)4,135 (705)391
Benefit obligation at December 31 43,182 52,125 30,851 30,702 5,889 6,810
Change in Plan Assets
Fair value of plan assets at January 1 42,395 39,414 21,713 19,198 — —
Actual return on plan assets 1,539 5,455 1,689 1,637 — —
Company contributions 3,535 2,134 1,852 1,629 — —
Plan participant contributions 26 27 25 36 — —
Benefits paid (3,120) (3,427) (1,416) (1,420) — —
Settlements (3,089) (1,123) (51) — — —
Foreign exchange translation — — 49 641 — —
Divestiture — — — — — —
Other (69)(85)(18) (8) — —
Fair value of plan assets at December 31 41,217 42,395 23,843 21,713 — —
Funded status at December 31 $(1,965) $ (9,730) $ (7,008) $ (8,989) $ (5,889) $ (6,810)
Amounts Recognized on the Balance Sheet
Prepaid assets $ 443 $ — $ 219 $ 85 $ — $ —
Other liabilities (2,408) (9,730) (7,227) (9,074) (5,889)(6,810)
Total $ (1,965) $ (9,730) $ (7,008) $ (8,989) $ (5,889) $ (6,810)
Amounts Recognized in Accumulated Other
Comprehensive Loss (pre-tax)
Unamortized prior service costs/(credits) $ 764 $938 $417 $487 $(959) $ (1,263)
Unamortized net (gains)/losses 6,179 11,349 9,902 11,375 1,701 2,594
Total $ 6,943 $12,287 $10,319 $11,862 $742 $ 1,331
Pension Plans in which Accumulated Benefit
Obligation Exceeds Plan Assets at December 31
Accumulated benefit obligation $ 25,828 $50,821 $15,393 $21,653
Fair value of plan assets 23,498 42,395 9,518 14,625
Accumulated Benefit Obligation at December 31 $42,078 $50,821 $28,312 $28,136
Pension Plans in which Projected Benefit Obligation
Exceeds Plan Assets at December 31
Projected benefit obligation $ 25,906 $52,125 $23,653 $29,984
Fair value of plan assets 23,498 42,395 16,426 20,910
Projected Benefit Obligation at December 31 $43,182 $52,125 $30,851 $30,702