Siemens 2011 Annual Report Download - page 309

153 D. Consolidated Financial Statements 273 E. Additional information
158 D. Consolidated Statements of Changes in Equity
160 D. Notes to Consolidated Financial Statements
266 D. Supervisory Board and Managing Board
154 D. Consolidated Statements of Income
155 D.2 Consolidated Statements of Comprehensive Income
156 D. Consolidated Statements of Financial Position
157 D. Consolidated Statements of Cash Flow

The weighted-average assumptions used in calculating the
actuarial values for the post-employment healthcare and life
insurance benefits are as follows:
Year ended Year ended
September ,  September , 
Discount rate 4.57% 5.18%
U.S.:
Medical trend rates
(initial/ultimate/year):
Medicare ineligible pre- 9%/5%/2020 8%/5%/2017
Medicare eligible post- 8.5%/5%/2019 8.5%/5%/2018
Dental trend rates
(initial/ultimate/year) 6%/5%/2021 6%/5%/2021
Canada:
Medical trend rates
(initial/ultimate/year) 9%/5%/2019 5%
Drug trend rates
(initial/ultimate/year) 9%/5%/2019 5%
Dental trend rates 4% 4%
Experience adjustments, which result from differences be-
tween the actuarial assumptions and the actual occurrence,
decreased the DBO by .% in fiscal , increased the DBO
by .% in fiscal  and decreased the DBO by .%, .%
and .% in fiscal ,  and , respectively.
OTHER POST-EMPLOYMENT BENEFITS:
SENSITIVITY ANALYSIS
The health care assumptions may be significantly influenced
by the expected progression in health care expense. A one-
percentage-point change in the healthcare trend rates would
have resulted in the following increase (decrease) of the de-
fined benefit obligation and the service and interest cost as of
and for the year ended September , :
September , 
One-percentage-point
(in millions of €) increase decrease
Effect on defined benefit obligation 20 (14)
Effect on total of service and
interest cost components 2 (1)
OTHER POST-EMPLOYMENT BENEFITS:
BENEFIT PAYMENTS
The following overview comprises benefit payments for other
post-employment benefits paid out of the other defined ben-
efit post-employment plans during the years ended Septem-
ber ,  and , and expected pension payments for the
next five years and in the aggregate for the five years there-
after (undiscounted):
(in millions of €) Total Domestic Foreign
Payments for other
post-employment benefits
2010 61 30 31
2011 56 28 28
Expected payments for other
post-employment benefits
2012 69 39 30
2013 51 24 27
2014 56 28 28
2015 62 33 29
2016 63 34 29
2017 – 2021 332 182 150
Amounts presented for the years ended September , 
and  in the table above include amounts related to
Siemens IT Solutions and Services and OSRAM.
Since the benefit obligations for other post-employment ben-
efits are generally not funded, such payments will impact the
current operating cash flow of the Company.
DEFINED CONTRIBUTION PLANS AND STATE PLANS
The amount recognized as an expense for defined contribu-
tion plans amounted to € million in fiscal  and €
million in fiscal , respectively. Contributions to state
plans amounted to €, million in fiscal  and €, mil-
lion in fiscal , respectively.