Bank of New York Mellon Corp | 2013 | FY | 3


The following tables report the combined data for our domestic and foreign defined benefit pension and post-retirement healthcare plans.

 
Pension Benefits
 
Healthcare Benefits
 
Domestic
 
Foreign
 
Domestic
 
Foreign
(dollar amounts in millions)
2013

 
2012

 
2013

 
2012

 
2013

 
2012

 
2013

 
2012

Weighted-average assumptions used to determine benefit obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.99
%
 
4.25
%
 
4.29
%
 
4.49
%
 
4.99
%
 
4.25
%
 
4.21
%
 
4.50
%
Rate of compensation increase
3.00

 
3.00

 
3.71

 
3.49

 
3.00

 
3.00

 

 

Change in benefit obligation (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at beginning of period
$
(4,093
)
 
$
(3,639
)
 
$
(880
)
 
$
(684
)
 
$
(226
)
 
$
(288
)
 
$
(6
)
 
$
(4
)
Service cost
(63
)
 
(59
)
 
(36
)
 
(32
)
 
(2
)
 
(2
)
 

 

Interest cost
(170
)
 
(169
)
 
(38
)
 
(35
)
 
(9
)
 
(12
)
 

 

Employee contributions

 

 
(1
)
 
(1
)
 

 

 

 

Amendments

 

 
(2
)
 

 

 
98

 

 

Actuarial gain (loss)
443

 
(378
)
 
(66
)
 
(105
)
 
(5
)
 
(43
)
 

 
1

(Acquisitions) divestitures

 

 
1

 
(12
)
 

 

 

 
(3
)
Curtailments

 

 

 

 

 

 

 

Benefits paid
171

 
152

 
21

 
16

 
18

 
21

 

 

Foreign exchange adjustment
N/A

 
N/A

 
(20
)
 
(27
)
 
N/A

 
N/A

 
(1
)
 

Benefit obligation at end of period
(3,712
)
 
(4,093
)
 
(1,021
)
 
(880
)
 
(224
)
 
(226
)
 
(7
)
 
(6
)
Change in fair value of plan assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value at beginning of period
4,278

 
3,529

 
782

 
681

 
78

 
73

 

 

Actual return on plan assets
589

 
487

 
107

 
60

 
8

 
5

 

 

Employer contributions
25

 
414

 
43

 
26

 
18

 
21

 

 

Employee contributions

 

 
1

 
1

 

 

 

 

Acquisitions (divestitures)

 

 
(1
)
 

 

 

 

 

Benefit payments
(171
)
 
(152
)
 
(21
)
 
(16
)
 
(18
)
 
(21
)
 

 

Foreign exchange adjustment
N/A

 
N/A

 
19

 
30

 
N/A

 
N/A

 

 

Fair value at end of period
4,721

 
4,278

 
930

 
782

 
86

 
78

 

 

Funded status at end of period
$
1,009

 
$
185

 
$
(91
)
 
$
(98
)
 
$
(138
)
 
$
(148
)
 
$
(7
)
 
$
(6
)
Amounts recognized in accumulated other comprehensive (income) loss consist of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss (gain)
$
1,174

 
$
2,122

 
$
256

 
$
266

 
$
150

 
$
159

 
$
(1
)
 
$
(1
)
Prior service cost (credit)
(46
)
 
(62
)
 
5

 
3

 
(89
)
 
(99
)
 

 

Net initial obligation (asset)

 

 

 

 

 

 

 

Total (before tax effects)
$
1,128

 
$
2,060

 
$
261

 
$
269

 
$
61

 
$
60

 
$
(1
)
 
$
(1
)
(a)
The benefit obligation for pension benefits is the projected benefit obligation and for healthcare benefits, it is the accumulated benefit obligation.

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