AVON PRODUCTS INC | 2013 | FY | 3

Reconciliation of Benefit Obligations, Plan Assets and Funded Status
The following table summarizes changes in the benefit obligation, plan assets and the funded status of our significant pension and postretirement plans. We use a December 31 measurement date for all of our employee benefit plans.
 
 
Pension Plans
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
Postretirement Benefits
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Change in Benefit Obligation:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
(792.7
)
 
$
(753.7
)
 
$
(838.5
)
 
$
(746.7
)
 
$
(138.1
)
 
$
(132.3
)
Service cost
 
(15.7
)
 
(15.1
)
 
(12.2
)
 
(18.0
)
 
(1.8
)
 
(1.9
)
Interest cost
 
(27.5
)
 
(29.6
)
 
(36.8
)
 
(39.8
)
 
(5.1
)
 
(5.8
)
Actuarial gain (loss)
 
58.4

 
(68.7
)
 
(21.0
)
 
(49.6
)
 
22.9

 
(7.4
)
Plan participant contributions
 
—

 
—

 
(.7
)
 
(2.3
)
 
(2.9
)
 
(3.3
)
Benefits paid
 
109.2

 
75.2

 
44.8

 
48.7

 
10.5

 
12.6

Plan amendments
 
—

 
—

 
—

 
(4.8
)
 
1.3

 
—

Curtailments
 
—

 
(.4
)
 
1.5

 
1.2

 
.9

 
(.2
)
Special termination benefits
 
—

 
(.4
)
 
—

 
—

 
(.5
)
 
(.2
)
Foreign currency changes and other
 
—

 
—

 
(.8
)
 
(27.2
)
 
1.7

 
.4

Ending balance
 
$
(668.3
)
 
$
(792.7
)
 
$
(863.7
)
 
$
(838.5
)
 
$
(111.1
)
 
$
(138.1
)
Change in Plan Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
529.2

 
$
493.4

 
$
609.3

 
$
536.4

 
$
—

 
$
42.6

Actual return on plan assets
 
59.8

 
67.0

 
76.4

 
57.7

 
—

 
2.7

Company contributions
 
51.3

 
44.0

 
67.4

 
40.7

 
7.6

 
(36.0
)
Plan participant contributions
 
—

 
—

 
.7

 
2.3

 
2.9

 
3.3

Benefits paid
 
(109.2
)
 
(75.2
)
 
(44.8
)
 
(48.7
)
 
(10.5
)
 
(12.6
)
Foreign currency changes and other
 
—

 
—

 
6.0

 
20.9

 
—

 
—

Ending balance
 
$
531.1

 
$
529.2

 
$
715.0

 
$
609.3

 
$
—

 
$
—

Funded Status:
 
 
 
 
 
 
 
 
 
 
 
 
Funded status at end of year
 
$
(137.2
)
 
$
(263.5
)
 
$
(148.7
)
 
$
(229.3
)
 
$
(111.1
)
 
$
(138.1
)
Amount Recognized in Balance Sheet:
 
 
 
 
 
 
 
 
 
 
 
 
Other assets
 
$
—

 
$
—

 
$
2.7

 
$
2.0

 
$
—

 
$
—

Accrued compensation
 
(10.3
)
 
(23.1
)
 
(4.0
)
 
(2.5
)
 
(8.8
)
 
(9.4
)
Employee benefit plans liability
 
(126.9
)
 
(240.4
)
 
(147.4
)
 
(228.8
)
 
(102.3
)
 
(128.7
)
Net amount recognized
 
$
(137.2
)
 
$
(263.5
)
 
$
(148.7
)
 
$
(229.3
)
 
$
(111.1
)
 
$
(138.1
)
Pretax Amounts Recognized in Accumulated Other Comprehensive Loss:
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
 
$
355.6

 
$
483.6

 
$
283.4

 
$
315.0

 
$
26.0

 
$
52.6

Prior service credit
 
(.4
)
 
(.7
)
 
(.7
)
 
(8.2
)
 
(32.4
)
 
(38.3
)
Total pretax amount recognized
 
$
355.2

 
$
482.9

 
$
282.7

 
$
306.8

 
$
(6.4
)
 
$
14.3

Supplemental Information:
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated benefit obligation
 
$
663.6

 
$
776.5

 
$
807.9

 
$
768.5

 
N/A

 
N/A

Plans with Projected Benefit Obligation in Excess of Plan Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
 
$
668.3

 
$
792.7

 
$
853.3

 
$
822.6

 
N/A

 
N/A

Fair value plan assets
 
531.1

 
529.2

 
701.9

 
591.3

 
N/A

 
N/A

Plans with Accumulated Benefit Obligation in Excess of Plan Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
 
$
668.3

 
$
792.7

 
$
832.6

 
$
809.4

 
N/A

 
N/A

Accumulated benefit obligation
 
663.6

 
776.5

 
797.5

 
761.9

 
N/A

 
N/A

Fair value plan assets
 
531.1

 
529.2

 
687.5

 
581.5

 
N/A

 
N/A

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