Proctor and Gamble 2013 Annual Report Download - page 69

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The Procter & Gamble Company 67
Amounts in millions of dollars except per share amounts or as otherwise specified.
Pension Benefits Other Retiree Benefits
June 30 2013 2012 2013 2012
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Noncurrent assets $ 114 $ 128 $—
$—
Current liability (40)(43)(23)(23)
Noncurrent liability (6,027)(5,684)(1,713)(3,270)
NET AMOUNT RECOGNIZED (5,953)(5,599)(1,736)(3,293)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER
COMPREHENSIVE INCOME (AOCI)
Net actuarial loss $ 4,049 $ 4,010 $ 1,772 $ 3,565
Prior service cost /(credit) 353 261 (54)(75)
NET AMOUNTS RECOGNIZED IN AOCI 4,402 4,271 1,718 3,490
The accumulated benefit obligation for all defined benefit pension plans was $12,652 and $11,763 as of June 30, 2013 and
2012, respectively. Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit
obligations in excess of plan assets consist of the following:
Accumulated Benefit
Obligation Exceeds the
Fair Value of Plan Assets
Projected Benefit
Obligation Exceeds the
Fair Value of Plan Assets
June 30 2013 2012 2013 2012
Projected benefit obligation $ 12,024 $ 11,623 $ 12,962 $ 12,310
Accumulated benefit obligation 10,406 10,009 11,149 10,533
Fair value of plan assets 6,086 6,013 6,895 6,583