Intel 2002 Annual Report Download - page 56

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The changes in the benefit obligations and plan assets for the plans described above were as follows:
67
Postretirement Medical
Benefits
Pension Benefits
(In Millions)
2002
2001
2002
2001
Change in benefit obligation:
Beginning benefit obligation
$
209
$
176
$
101
$
Service cost
26
10
9
Interest cost
16
8
7
Participant contributions
4
4
—
—
Actuarial (gain) loss
17
(2
)
16
4
Currency exchange rate changes
8
(15
)
—
—
Acquisitions
—
4
—
—
Benefits paid to plan participants
(10
)
(8
)
(3
)
(2
)
Ending benefit obligation
$
270
$
209
$
132
$
101
Postretirement Medical
Benefits
Pension Benefits
(In Millions)
2002
2001
2002
2001
Change in plan assets:
Beginning fair value of plan assets
$
144
$
142
$
—
$
—
Actual return on plan assets
(19
)
(9
)
—
—
Employer contributions
39
25
3
2
Plan participants' contributions
4
4
1
—
Currency exchange rate changes
5
(15
)
—
—
Acquisitions
—
5
—
—
Benefits paid to participants
(10
)
(8
)
(3
)
(2
)
Ending fair value of plan assets
$
163
$
144
$
1
$
—
Postretirement Medical
Benefits
Pension Benefits
(In Millions)
2002
2001
2002
2001
Funded status:
Ending funded status
$
(107
)
$
(65
)
$
(131
)
$
(101
)
Unrecognized transition obligation
2
2
—
—
Unrecognized net actuarial (gain) loss
47
(3
)
6
(10
)
Unrecognized prior service cost
2
1
40
44
Net amount recognized
$
(56
)
$
(65
)
$
(85
)
$
(67
)
Postretirement Medical
Benefits
Pension Benefits
(In Millions)
2002
2001
2002
2001
Amounts recognized in the balance sheet:
Prepaid benefit cost
$
18
$
9
$
—
$
—
Accrued benefit liability
(82
)
(74
)
(85
)
(67
)
Deferred tax asset
2
—
—
—
Accumulated other comprehensive income
6
—
—
—
Net amount recognized
$
(56
)
$
(65
)
$
(85
)
$
(67
)