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The components of the change in projected benefit obligation and change in plan assets are as follows:
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| 2013 | 2012 | |||||||
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Change in projected benefit obligation: |
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Benefit obligation at January 1 |
$ | 2,068.0 | $ | 1,808.1 | ||||
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Service cost |
73.5 | 64.1 | ||||||
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Interest cost |
81.0 | 81.4 | ||||||
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Benefits paid |
(68.4 | ) | (71.1 | ) | ||||
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Actuarial (gain) loss |
(199.2 | ) | 163.8 | |||||
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Currency translation and other |
3.2 | 18.3 | ||||||
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Participant contributions |
3.5 | 3.4 | ||||||
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Projected benefit obligation at December 31 |
$ | 1,961.6 | $ | 2,068.0 | ||||
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Change in plan assets: |
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Fair value of plan assets at January 1 |
$ | 1,901.0 | $ | 1,549.9 | ||||
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Employer contributions |
26.2 | 190.8 | ||||||
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Actual return on plan assets |
242.5 | 208.8 | ||||||
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Benefits paid |
(68.4 | ) | (71.1 | ) | ||||
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Currency translation and other |
3.6 | 19.2 | ||||||
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Participant contributions |
3.5 | 3.4 | ||||||
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Fair value of plan assets at December 31 |
2,108.4 | 1,901.0 | ||||||
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Funded status at December 31 |
$ | 146.8 | $ | (167.0 | ) | |||
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| Amounts recorded on balance sheet: | 2013 | 2012 | ||||||
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Other noncurrent assets |
$ | 217.7 | $ | 10.0 | ||||
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Other liabilities |
70.9 | 177.0 | ||||||
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Accumulated other comprehensive (income) loss: |
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Actuarial loss |
257.0 | 490.4 | ||||||
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Prior service cost |
4.9 | 5.7 | ||||||
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Net initial transition amount |
.3 | .4 | ||||||