INTERPUBLIC GROUP OF COMPANIES, INC. | 2013 | FY | 3

The change in the benefit obligation, the change in plan assets, the funded status and amounts recognized for the domestic pension plan, the significant foreign pension plans and the domestic postretirement benefit plan are listed below.
 
Domestic
Pension Plan
 
Foreign
Pension Plans
 
Domestic Postretirement
Benefit Plan
 
December 31,
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Benefit Obligation
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation as of January 1
$
140.6

 
$
129.0

 
$
532.4

 
$
456.6

 
$
46.6

 
$
50.8

Service cost
0.0

 
0.0

 
9.9

 
10.2

 
0.1

 
0.2

Interest cost
5.5

 
6.3

 
21.7

 
21.9

 
1.6

 
2.3

Benefits paid
(10.4
)
 
(10.8
)
 
(23.8
)
 
(20.4
)
 
(6.4
)
 
(5.9
)
Plan participant contributions
0.0

 
0.0

 
0.5

 
0.6

 
1.7

 
1.7

Actuarial (gains) losses
(2.6
)
 
16.1

 
25.0

 
60.0

 
(5.7
)
 
(2.5
)
Settlements and curtailments
0.0

 
0.0

 
(3.1
)
 
(6.5
)
 
0.0

 
0.0

Foreign currency effect
0.0

 
0.0

 
8.1

 
8.9

 
0.0

 
0.0

Other
0.0

 
0.0

 
(0.8
)
 
1.1

 
0.0

 
0.0

 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation as of December 31
$
133.1

 
$
140.6

 
$
569.9

 
$
532.4

 
$
37.9

 
$
46.6

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets as of January 1
$
115.7

 
$
107.2

 
$
381.7

 
$
363.6

 
$
0.0

 
$
0.0

Actual return on plan assets
3.8

 
13.7

 
19.5

 
17.6

 
0.0

 
0.0

Employer contributions
0.5

 
5.6

 
18.3

 
17.7

 
4.7

 
4.2

Plan participant contributions
0.0

 
0.0

 
0.5

 
0.6

 
1.7

 
1.7

Benefits paid
(10.4
)
 
(10.8
)
 
(23.8
)
 
(20.4
)
 
(6.4
)
 
(5.9
)
Settlements
0.0

 
0.0

 
(2.7
)
 
(6.1
)
 
0.0

 
0.0

Foreign currency effect
0.0

 
0.0

 
5.0

 
8.7

 
0.0

 
0.0

 
 
 
 
 
 
 
 
 
 
 
0.0

Fair value of plan assets as of December 31
$
109.6

 
$
115.7

 
$
398.5

 
$
381.7

 
$
0.0

 
$
0.0

 
 
 
 
 
 
 
 
 
 
 
 
Funded status of the plans at December 31
$
(23.5
)
 
$
(24.9
)
 
$
(171.4
)
 
$
(150.7
)
 
$
(37.9
)
 
$
(46.6
)

 
Domestic
Pension Plan
 
Foreign
Pension Plans
 
Domestic Postretirement
Benefit Plan
December 31,
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Amounts recognized in Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current asset
$
0.0

 
$
0.0

 
$
8.0

 
$
7.4

 
$
0.0

 
$
0.0

Current liability
0.0

 
0.0

 
(7.6
)
 
(8.4
)
 
(4.2
)
 
(4.6
)
Non-current liability
(23.5
)
 
(24.9
)
 
(171.8
)
 
(149.7
)
 
(33.7
)
 
(42.0
)
 
 
 
 
 
 
 
 
 
 
 
 
Net liability recognized
$
(23.5
)
 
$
(24.9
)
 
$
(171.4
)
 
$
(150.7
)
 
$
(37.9
)
 
$
(46.6
)
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated benefit obligation
$
133.1

 
$
140.6

 
$
540.9

 
$
508.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in Accumulated Other Comprehensive Loss, net
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss (gain)
$
47.0

 
$
53.6

 
$
141.0

 
$
115.7

 
$
(1.5
)
 
$
4.2

Prior service cost (credit)
0.0

 
0.0

 
1.5

 
1.8

 
(0.1
)
 
(0.2
)
Transition obligation
0.0

 
0.0

 
0.0

 
0.0

 
0.0

 
0.0

 
 
 
 
 
 
 
 
 
 
 
 
Total amount recognized
$
47.0

 
$
53.6

 
$
142.5

 
$
117.5

 
$
(1.6
)
 
$
4.0


In 2014, we estimate that we will recognize $6.6 and $3.5 of net actuarial losses from accumulated other comprehensive loss, net into net periodic cost related to our domestic pension plan and significant foreign pension plans, respectively.
 
Domestic
Pension Plan
 
Foreign Pension Plans
December 31,
2013
 
2012
 
2013
 
2012
Pension plans with underfunded or unfunded accumulated benefit obligation
 
 
 
 
 
 
 
Aggregate projected benefit obligation
$
133.1

 
$
140.6

 
$
553.2

 
$
515.8

Aggregate accumulated benefit obligation
133.1

 
140.6

 
528.7

 
497.3

Aggregate fair value of plan assets
109.6

 
115.7

 
374.7

 
358.5


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