General Motors 2012 Annual Report Download - page 130
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Year Ended December 31, 2011
Pension Benefits Other Benefits
U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans
Change in benefit obligations
Beginning benefit obligation ......................................... $103,395 $ 24,762 $ 5,667 $ 4,252
Service cost ....................................................... 494 399 23 30
Interest cost ....................................................... 4,915 1,215 265 186
Plan participants’ contributions ....................................... — 7 13 9
Amendments ...................................................... (6) (10) (284) (2)
Actuarial losses .................................................... 8,494 1,530 548 343
Benefits paid ...................................................... (8,730) (1,561) (439) (180)
Early retirement reinsurance program receipts ........................... — — 29 —
Foreign currency translation adjustments ................................ — (508) — (128)
HCT settlement .................................................... — — — (3,051)
Curtailments, settlements, and other ................................... — (69) — 31
Ending benefit obligation ............................................ 108,562 25,765 5,822 1,490
Change in plan assets
Beginning fair value of plan assets ..................................... 91,007 14,903 — —
Actual return on plan assets .......................................... 10,087 686 — —
Employer contributions ............................................. 1,962 836 426 171
Plan participants’ contributions ....................................... — 7 13 9
Benefits paid ...................................................... (8,730) (1,561) (439) (180)
Foreign currency translation adjustments ................................ — (258) — —
Settlements ....................................................... — (34) — —
Other ............................................................ 23 (38) — —
Ending fair value of plan assets ....................................... 94,349 14,541 — —
Ending funded status ............................................... $(14,213) $(11,224) $(5,822) $(1,490)
Amounts recorded in the consolidated balance sheets
Non-current assets ................................................. $ — $ 61 $ — $ —
Current liabilities .................................................. (99) (324) (411) (65)
Non-current liabilities ............................................... (14,114) (10,961) (5,411) (1,425)
Net amount recorded ............................................... $(14,213) $(11,224) $(5,822) $(1,490)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss .................................................. $ (1,352) $ (2,498) $(1,003) $ (177)
Net prior service credit .............................................. 15 19 251 76
Total recorded in Accumulated other comprehensive loss .................. $ (1,337) $ (2,479) $ (752) $ (101)
General Motors Company 2012 ANNUAL REPORT 127