HP 2012 Annual Report Download - page 149
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 16: Retirement and Post-Retirement Benefit Plans (Continued)
The following table summarizes the pretax net experience loss (gain) and prior service benefit
recognized in accumulated other comprehensive loss for the company’s defined benefit and
post-retirement benefit plans as of October 31, 2012.
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
In millions
Net experience loss (gain) ........................ $1,828 $5,061 $ (11)
Prior service benefit ............................ — (298) (235)
Total recognized in accumulated other comprehensive loss $1,828 $4,763 $(246)
The following table summarizes the experience loss and prior service benefit that will be amortized
from accumulated other comprehensive loss (income) and recognized as components of net periodic
benefit cost (credit) during the next fiscal year.
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
In millions
Net experience loss ............................ $78 $347 $ 1
Prior service benefit ............................ — (28) (67)
Total to be recognized in accumulated other
comprehensive loss (income) .................... $78 $319 $(66)
The weighted-average assumptions used to calculate the benefit obligation disclosed were as
follows for the fiscal years ended October 31, 2012 and 2011:
Non-U.S.
U.S. Defined Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
2012 2011 2012 2011 2012 2011
Discount rate .............................. 4.1% 4.8% 3.8% 4.5% 3.0% 4.4%
Average increase in compensation levels ........... 2.0% 2.0% 2.4% 2.5% — —
Defined benefit plans with projected benefit obligations exceeding the fair value of plan assets
were as follows:
U.S. Defined Non-U.S. Defined
Benefit Plans Benefit Plans
2012 2011 2012 2011
In millions
Aggregate fair value of plan assets ..................... $11,536 $10,662 $10,283 $ 9,851
Aggregate projected benefit obligation .................. $14,237 $11,945 $14,618 $13,418
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