General Motors 2011 Annual Report Download - page 135
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Successor
Year Ended December 31, 2010
U.S. Plans
Pension Benefits
Non-U.S. Plans
Pension Benefits
U.S. Plans
Other Benefits
Non-U.S. Plans
Other Benefits
Components of expense
Servicecost ............................................... $ 548 $ 386 $ 21 $ 32
Interest cost ............................................... 5,275 1,187 288 200
Expected return on plan assets ................................ (6,611) (987) — —
Amortization of prior service cost (credit) . . . . . . . . . . . . . . . . . . . . . . . (1) (1) 3 (9)
Recognition of net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 21 — —
Curtailments, settlements, and other losses . . . . . . . . . . . . . . . . . . . . . . . — 60 — —
Net periodic pension and OPEB (income) expense ................ $ (789) $ 666 $ 312 $ 223
Weighted-average assumptions used to determine benefit
obligations
Discount rate .............................................. 4.96% 5.09% 5.07% 4.97%
Rate of compensation increase ................................ 3.96% 3.25% 1.41% 4.33%
Weighted-average assumptions used to determine net expense
Discount rate .............................................. 5.36% 5.19% 5.57% 5.22%
Expected return on plan assets ................................ 8.48% 7.42% 8.50% N/A
Rate of compensation increase ................................ 3.94% 3.25% 1.48% 4.45%
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
Components of expense
Servicecost ............................................... $ 254 $ 157 $ 62 $ 17
Interest cost ............................................... 2,578 602 886 94
Expected return on plan assets ................................ (3,047) (438) (432) —
Amortization of prior service cost (credit) . . . . . . . . . . . . . . . . . . . . . . . — — — (1)
Curtailments, settlements, and other losses . . . . . . . . . . . . . . . . . . . . . . . 249 9 2,580 —
Net periodic pension and OPEB expense . . . . . . . . . . . . . . . . . . . . . . . . $ 34 $ 330 $ 3,096 $ 110
Weighted-average assumptions used to determine benefit
obligations
Discount rate .............................................. 5.52% 5.31% 5.57% 5.22%
Rate of compensation increase ................................ 3.94% 3.27% 1.48% 4.45%
Weighted-average assumptions used to determine net expense
Discount rate .............................................. 5.63% 5.82% 6.81% 5.47%
Expected return on plan assets ................................ 8.50% 7.97% 8.50% N/A
Rate of compensation increase ................................ 3.94% 3.23% 1.48% 4.45%
General Motors Company 2011 Annual Report 133