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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Benefit Obligation and Plan Assets
The changes in the benefit obligations and plan assets for the plans described above were as follows:
The following table summarizes the amounts recognized on the consolidated balance sheets as of December 25, 2010 and
December 26, 2009:
83
U.S. Pension
Non
-
U.S. Pension
U.S. Postretirement
Benefits
Benefits
Medical Benefits
(In Millions)
2010
2009
2010
2009
2010
2009
Change in projected benefit obligation:
Beginning benefit obligation
$
567
$
542
$
653
$
691
$
200
$
173
Service cost
38
12
16
12
Interest cost
34
35
14
11
Plan participants
’
contributions
—
—
8
9
4
4
Actuarial (gain) loss
123
(10
)
187
(74
)
7
6
Currency exchange rate changes
—
—
(
4
)
4
—
—
Plan amendments
—
—
3
(19
)
65
—
Plan curtailments
—
—
—
(
7
)
—
—
Plan settlements
—
—
—
(
)
—
—
Benefits paid to plan participants
(23
)
(12
)
(20
)
(19
)
(9
)
(6
)
Ending projected benefit obligation
$
739
$
567
$
902
$
653
$
297
$
200
U.S. Pension
Non-
U.S. Pension
U.S. Postretirement
Benefits
Benefits
Medical Benefits
(In Millions)
2010
2009
2010
2009
2010
2009
Change in plan assets:
Beginning fair value of plan assets
$
411
$
303
$
552
$
457
$
2
$
1
Actual return on plan assets
18
20
(2
)
(1
)
Employer contributions
163
100
64
4
Plan participants
’
contributions
—
—
8
9
4
4
Currency exchange rate changes
—
—
(
3
)
3
—
—
Plan settlements
—
—
—
(
)
—
—
Benefits paid to plan participants
(23
)
(12
)
(20
)
(19
)
(9
)
(6
)
Ending fair value of plan assets
$
569
$
411
$
642
$
552
$
59
$
2
U.S. Pension
Non
-
U.S. Pension
U.S. Postretirement
Benefits
Benefits
Medical Benefits
(In Millions)
2010
2009
2010
2009
2010
2009
Other long
-
term assets
$
—
$
—
$
$
$
—
$
—
Accrued compensation and benefits
—
—
(
6
)
(5
)
—
(
4
)
Other long
-
term liabilities
(170
)
(156
)
(289
)
(181
)
(238
)
(194
)
Accumulated other comprehensive loss (income)
373
268
185
27
(42
)
Net amount recognized
$
203
$
112
$
(75
)
$
(80
)
$
(211
)
$
(240
)