PACCAR INC | 2013 | FY | 3


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   

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