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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The following table summarizes the amounts recognized on the consolidated balance sheets as of December 26, 2009 and
December 27, 2008:
The following table summarizes the amounts recorded to accumulated other comprehensive income (loss) before taxes, as of
December 26, 2009 and December 27, 2008:
As of December 26, 2009, the accumulated benefit obligation was $270 million for the U.S. defined-benefit pension plan
($251 million as of December 27, 2008) and $511 million for the non-U.S. defined-benefit pension plans ($556 million as of
December 27, 2008). Included in the aggregate data in the following tables are the amounts applicable to our pension plans,
with accumulated benefit obligations in excess of plan assets, as well as plans with projected benefit obligations in excess of
plan assets. Amounts related to such plans were as follows:
Assumptions
Weighted average actuarial assumptions used to determine benefit obligations for the plans were as follows:
88
U.S. Pension
Non-
U.S. Pension
Postretirement
Benefits
Benefits
Medical Benefits
(In Millions)
2009
2008
2009
2008
2009
2008
Other long
-
term assets
$
—
$
—
$
$
39
$
—
$
—
Accrued compensation and benefits
—
—
(
5
)
(4
)
(4
)
(4
)
Other long
-
term liabilities
(156
)
(239
)
(181
)
(269
)
(194
)
(168
)
Accumulated other comprehensive loss (income)
268
307
167
(42
)
(49
)
Net amount recognized
$
112
$
$
(80
)
$
(67
)
$
(240
)
$
(221
)
U.S. Pension
Non
-
U.S. Pension
Postretirement
Benefits
Benefits
Medical Benefits
(In Millions)
2009
2008
2009
2008
2009
2008
Net prior service cost
$
—
$
—
$
$
—
$
(
12
)
$
(16
)
Net actuarial gain (loss)
(268
)
(307
)
(36
)
(165
)
54
Reclassification adjustment of transition obligation
—
—
(
1
)
(2
)
—
—
Defined benefit plans, net
$
(268
)
$
(307
)
$
(21
)
$
(167
)
$
42
$
U.S. Pension
Non-U.S. Pension
Benefits
Benefits
(In Millions)
2009
2008
2009
2008
Plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligations
$
—
$
—
$
198
$
447
Plan assets
$
—
$
—
$
68
$
255
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligations
$
567
$
542
$
258
$
531
Plan assets
$
411
$
303
$
70
$
258
U.S. Pension
Non-
U.S. Pension
Postretirement
Benefits
Benefits
Medical Benefits
2009
2008
2009
2008
2009
2008
Discount rate
6.1
%
6.7
%
5.7
%
5.6
%
6.3
%
6.8
%
Rate of compensation increase
5.1
%
5.0
%
3.6
%
3.5
%
n/a
n/a