General Motors 2010 Annual Report Download - page 203

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Successor
July 10, 2009 Through December 31, 2009
U.S. Plans
Pension Benefits
Non-U.S. Plans
Pension Benefits
U.S. Plans
Other Benefits
Non-U.S. Plans
Other Benefits
Change in benefit obligations
Beginning benefit obligation ................................. $ 98,012 $ 21,392 $ 27,639 $ 3,420
Service cost ............................................... 216 157 62 17
Interest cost ............................................... 2,578 602 886 94
Plan participants’ contributions ............................... — 4 172 —
Amendments .............................................. (13) (9) 1 (89)
Actuarial (gains) losses ..................................... 3,102 1,592 1,732 64
Benefits paid .............................................. (3,938) (714) (1,700) (70)
Medicare Part D receipts .................................... — — 84 —
IUE-CWA & USW related liability transfer ..................... — — 514 —
Foreign currency translation adjustments ........................ — 1,469 — 376
Delphi benefit guarantee and other ............................ 1,365 — — —
UAW retiree medical plan settlement .......................... — — (25,822) —
Curtailments, settlements, and other (a) ......................... 249 (119) 2,220 (15)
Ending benefit obligation .................................... 101,571 24,374 5,788 3,797
Change in plan assets
Beginning fair value of plan assets ............................. 78,493 8,616 10,702 —
Actual return on plan assets .................................. 9,914 1,201 1,909 —
Employer contributions ..................................... 31 4,287 1,528 70
Plan participants’ contributions ............................... — 4 172 —
Benefits paid .............................................. (3,938) (714) (1,700) (70)
UAW hourly retiree medical plan asset settlement ................ — — (12,586) —
Foreign currency translation adjustments ........................ — 765 — —
Other .................................................... — (132) 6 —
Ending fair value of plan assets ............................... 84,500 14,027 31 —
Ending funded status ....................................... $(17,071) $(10,347) $ (5,757) $(3,797)
Amounts recorded in the consolidated balance sheet
Non-current asset .......................................... $ — $ 98 $ — $ —
Current liability ........................................... (93) (337) (685) (161)
Non-current liability ........................................ (16,978) (10,108) (5,072) (3,636)
Net amount recorded ....................................... $(17,071) $(10,347) $ (5,757) $(3,797)
Amounts recorded in Accumulated other comprehensive income
(loss)
Net actuarial gain (loss) ..................................... $ 3,803 $ (833) $ (212) $ (65)
Net prior service credit ...................................... 13 9 1 89
Total recorded in Accumulated other comprehensive income (loss) . . . $ 3,816 $ (824) $ (211) $ 24
(a) U.S. other benefits includes the $2.6 billion settlement loss resulting from the termination of the UAW hourly retiree medical
plan and Mitigation Plan.
General Motors Company 2010 Annual Report 201