Proctor and Gamble 2014 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 2014 2013 2014 2013
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Noncurrent assets $ 69 $ 114 $—
$—
Current liabilities (40)(40)(25)(23)
Noncurrent liabilities (5,984)(6,027)(1,906)(1,713)
NET AMOUNT RECOGNIZED (5,955)(5,953)(1,931)(1,736)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER
COMPREHENSIVE INCOME (AOCI)
Net actuarial loss $ 5,169 $ 4,049 $ 1,871 $ 1,772
Prior service cost /(credit) 344 353 (39)(54)
NET AMOUNTS RECOGNIZED IN AOCI 5,513 4,402 1,832 1,718
The accumulated benefit obligation for all defined benefit pension plans was $14,949 and $12,652 as of June 30, 2014 and
2013, 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 2014 2013 2014 2013
Projected benefit obligation $ 14,229 $ 12,024 $ 15,325 $ 12,962
Accumulated benefit obligation 12,406 10,406 13,279 11,149
Fair value of plan assets 8,353 6,086 9,301 6,895