Siemens 2005 Annual Report Download - page 187
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187
Other postretirement benefits are illustrated in detail in the subsequent sections with regard to:
■Obligations and funded status,
■Plan assets,
■Components of net periodic benefit cost for other postretirement benefits
■Assumptions used in the calculation of the APBO and the net periodic benefit cost for other
postretirement benefits, and
■Benefit payments.
Other postretirement benefits: Obligations and funded status
The funded status of plan assets and a reconciliation of the funded status to the amounts recog-
nized in the Consolidated Balance Sheets is as follows:
The following table shows a detailed reconciliation of the changes in the accumulated post-
retirement benefit obligation for other postretirement benefits for the years ended September 30,
2005 and 2004:
Notes to Consolidated Financial Statements
Consolidated Financial Statements Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated
and per share amounts)
September 30, 2005 September 30, 2004
Total Domestic Foreign Total Domestic Foreign
Fair value of plan assets 3 – 3 5 – 5
Accumulated postretirement benefit obligations 919 394 525 939 443 496
Funded status (916) (394) (522) (934) (443) (491)
Unrecognized net gain (357) (318) (39) (373) (274) (99)
Unrecognized prior service benefits (44) – (44) (11) – (11)
Unrecognized net transition obligation – – – 1 – 1
Net amount recognized (1 ,317) (712) (605) (1,317) (717) (600)
September 30, 2005 September 30, 2004
Total Domestic Foreign Total Domestic Foreign
Change in accumulated postretirement
benefit obligations:
Accumulated postretirement benefit
obligation at beginning of year 939 443 496 1,088 482 606
Foreign currency exchange rate changes 13 – 13 (31) – (31)
Service cost 26 14 12 44 17 27
Interest cost 52 23 29 60 26 34
Settlements and curtailments (4) – (4) (3) – (3)
Plan participant’s contributions 2 – 2 2 – 2
Plan amendments and other (41) – (41) (4) 7 (11)
Actuarial (gains) losses, net (6) (59) 53 (170) (65) (105)
Acquisitions – – – 10 1 9
Divestments (7) (7) – (2) (2) –
Benefits paid (55) (20) (35) (55) (23) (32)
Accumulated postretirement benefit
obligation at end of year 919 394 525 939 443 496