PEPSICO INC | 2013 | FY | 3


Selected financial information for our pension and retiree medical plans are as follows: 
 
Pension
 
Retiree Medical
 
U.S.
 
International
 
 
 
 
 
2013

 
2012

 
2013

 
2012

 
2013

 
2012

Change in projected benefit liability
 
 
 
 
 
 
 
 
 
 
 
Liability at beginning of year
$
12,886

 
$
11,901

 
$
2,788

 
$
2,381

 
$
1,511

 
$
1,563

Service cost
467

 
407

 
111

 
100

 
45

 
50

Interest cost
527

 
534

 
118

 
115

 
54

 
65

Plan amendments
22

 
15

 
(1
)
 

 

 

Participant contributions

 

 
3

 
3

 

 

Experience (gain)/loss
(1,522
)
 
932

 
(65
)
 
200

 
(128
)
 
(63
)
Benefit payments
(533
)
 
(278
)
 
(91
)
 
(76
)
 
(97
)
 
(111
)
Settlement/curtailment
(44
)
 
(633
)
 
(3
)
 
(40
)
 

 

Special termination benefits
22

 
8

 

 
1

 
2

 
5

Foreign currency adjustment

 

 
(2
)
 
102

 
(3
)
 
2

Other

 

 
1

 
2

 

 

Liability at end of year
$
11,825

 
$
12,886

 
$
2,859

 
$
2,788

 
$
1,384

 
$
1,511

 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of plan assets
 
 
 
 
 
 
 
 
 
 
 
Fair value at beginning of year
$
10,817

 
$
9,072

 
$
2,463

 
$
2,031

 
$
365

 
$
190

Actual return on plan assets
1,159

 
1,282

 
265

 
206

 
76

 
35

Employer contributions/funding
63

 
1,368

 
137

 
246

 
62

 
251

Participant contributions

 

 
3

 
3

 

 

Benefit payments
(533
)
 
(278
)
 
(91
)
 
(76
)
 
(97
)
 
(111
)
Settlement
(44
)
 
(627
)
 
(8
)
 
(33
)
 

 

Foreign currency adjustment

 

 
8

 
86

 

 

Fair value at end of year
$
11,462

 
$
10,817

 
$
2,777

 
$
2,463

 
$
406

 
$
365

Funded status
$
(363
)
 
$
(2,069
)
 
$
(82
)
 
$
(325
)
 
$
(978
)
 
$
(1,146
)
 
Pension
 
Retiree Medical
 
U.S.
 
International
 
 
 
 
 
2013

 
2012

 
2013

 
2012

 
2013

 
2012

Amounts recognized
 
 
 
 
 
 
 
 
 
 
 
Other assets
$
603

 
$

 
$
74

 
$
51

 
$

 
$

Other current liabilities
(41
)
 
(51
)
 
(1
)
 
(2
)
 
(72
)
 
(71
)
Other liabilities
(925
)
 
(2,018
)
 
(155
)
 
(374
)
 
(906
)
 
(1,075
)
Net amount recognized
$
(363
)
 
$
(2,069
)
 
$
(82
)
 
$
(325
)
 
$
(978
)
 
$
(1,146
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts included in accumulated other comprehensive loss (pre-tax)
 
 
 
 
 
 
 
 
Net loss/(gain)
$
2,069

 
$
4,212

 
$
849

 
$
1,096

 
$
(222
)
 
$
(44
)
Prior service cost/(credit)
125

 
121

 
(6
)
 
(3
)
 
(69
)
 
(92
)
Total
$
2,194

 
$
4,333

 
$
843

 
$
1,093

 
$
(291
)
 
$
(136
)
 
 
 
 
 
 
 
 
 
 
 
 
Components of the (decrease)/increase in net loss/(gain) included in accumulated other comprehensive loss
 
 
 
 
Change in discount rate
$
(1,532
)
 
$
776

 
$
(166
)
 
$
188

 
$
(117
)
 
$
84

Employee-related assumption changes
24

 
135

 
91

 
(2
)
 
2

 
(67
)
Liability-related experience different from assumptions
(14
)
 
66

 
10

 
14

 
(13
)
 
(80
)
Actual asset return different from expected return
(336
)
 
(486
)
 
(108
)
 
(60
)
 
(49
)
 
(13
)
Amortization and settlement of losses
(285
)
 
(451
)
 
(68
)
 
(64
)
 
(1
)
 

Other, including foreign currency adjustments

 
(45
)
 
(6
)
 
43

 

 

Total
$
(2,143
)
 
$
(5
)
 
$
(247
)
 
$
119

 
$
(178
)
 
$
(76
)
 
 
 
 
 
 
 
 
 
 
 
 
Liability at end of year for service to date
$
10,803

 
$
11,643

 
$
2,369

 
$
2,323

 
 
 
 

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