PENTAIR LTD | 2013 | FY | 3


The following tables present reconciliations of plan benefit obligations, fair value of plan assets and the funded status of pension plans and other post-retirement plans as of and for the years ended December 31, 2013 and 2012:
 
U.S. pension plans
 
Non-U.S. pension plans
 
Other post-retirement
plans
In millions
2013
2012
 
2013
2012
 
2013
2012
Change in benefit obligations
 
 
 
 
 
 
 
 
Benefit obligation beginning of year
$
394.3

$
572.1

 
$
460.8

$
89.5

 
$
59.3

$
35.1

Service cost
15.6

12.9

 
8.4

3.3

 
0.3

0.2

Interest cost
14.3

28.2

 
17.9

7.5

 
1.9

1.9

Amendments

0.4

 


 


Benefit obligations assumed in Merger

10.8

 

338.6

 

16.7

Actuarial (gain) loss
(56.9
)
128.8

 
(16.6
)
26.6

 
(15.9
)
8.2

Translation loss


 
9.7

1.5

 


Benefits paid
(20.4
)
(358.9
)
 
(18.2
)
(6.2
)
 
(3.2
)
(2.8
)
Benefit obligation end of year
$
346.9

$
394.3

 
$
462.0

$
460.8

 
$
42.4

$
59.3

Change in plan assets
 
 
 
 
 
 
 
 
Fair value of plan assets beginning of year
$
326.2

$
408.8

 
$
249.0

$
10.9

 
$

$

Actual return on plan assets
(28.9
)
43.9

 
28.6

6.4

 


Plan assets acquired in Merger

7.6

 

227.3

 


Company contributions
8.9

224.8

 
21.9

10.4

 
3.2

2.8

Translation gain


 
5.2

0.2

 


Benefits paid
(20.4
)
(358.9
)
 
(18.2
)
(6.2
)
 
(3.2
)
(2.8
)
Fair value of plan assets end of year
$
285.8

$
326.2

 
$
286.5

$
249.0

 
$

$

Funded status
 
 
 
 
 
 
 
 
Benefit obligations in excess of the fair value of plan assets
$
(61.1
)
$
(68.1
)
 
$
(175.5
)
$
(211.9
)
 
$
(42.4
)
$
(59.3
)

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