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