Changes in the Company’s benefit obligation, plan assets and funded status for major plans are as follows:
|
| |
2000 |
|
1999 |
| (in millions) |
U.S. |
|
Non-U.S. |
|
U.S. |
|
Non-U.S. |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Change in Benefit Obligation |
|
|
|
|
|
|
|
|
|
|
|
| Projected benefit obligation at January 1 |
$ |
5,798 |
|
$ |
1,905 |
|
$ |
6,523 |
|
$ |
1,998 |
| Service cost |
|
89 |
|
|
33 |
|
|
107 |
|
|
33 |
| Interest cost |
|
408 |
|
|
107 |
|
|
426 |
|
|
111 |
| Participant contributions |
|
- |
|
|
11 |
|
|
- |
|
|
12 |
| Plan amendment |
|
(67) |
|
|
(3) |
|
|
- |
|
|
- |
| Benefit payments |
|
(578) |
|
|
(104) |
|
|
(876) |
|
|
(118) |
| Actuarial gain |
|
(115) |
|
|
(33) |
|
|
(370) |
|
|
(69) |
| Settlements |
|
- |
|
|
(12) |
|
|
- |
|
|
- |
| Curtailments |
|
(5) |
|
|
- |
|
|
(12) |
|
|
(16) |
| Currency adjustments |
|
- |
|
|
(143) |
|
|
- |
|
|
(46) |
|
| Projected benefit obligation at December 31 |
$ |
5,530 |
|
$ |
1,761 |
|
$ |
5,798 |
|
$ |
1,905 |
|
| Change in Change in Plan Assets |
|
|
|
|
|
|
|
|
|
|
|
| Fair value of plan assets at January 1 |
$ |
7,340 |
|
$ |
1,917 |
|
$ |
6,543 |
|
$ |
1,824 |
| Actual return on plan assets |
|
528 |
|
|
176 |
|
|
1,673 |
|
|
217 |
| Employer contributions |
|
- |
|
|
35 |
|
|
- |
|
|
33 |
| Participant contributions |
|
- |
|
|
11 |
|
|
- |
|
|
12 |
| Benefit payments |
|
(578) |
|
|
(104) |
|
|
(876) |
|
|
(112) |
| Settlements |
|
- |
|
|
(12) |
|
|
- |
|
|
- |
| Currency adjustments |
|
- |
|
|
(143) |
|
|
- |
|
|
(49) |
| Other |
|
- |
|
|
- |
|
|
- |
|
|
(8) |
|
| Fair value of plan assets at December 31 |
$ |
7,290 |
|
$ |
1,880 |
|
$ |
7,340 |
|
$ |
1,917 |
|
| Funded Status at December 31 |
$ |
1,760 |
|
$ |
118 |
|
$ |
1,542 |
|
$ |
12 |
| Unamortized: |
|
|
|
|
|
|
|
|
|
|
|
| Transition asset: |
|
(115) |
|
|
(32) |
|
|
(174) |
|
|
(45) |
| Net (gain) loss |
|
(1,323) |
|
|
21 |
|
|
(1,251) |
|
|
94 |
| Prior service cost |
|
3 |
|
|
12 |
|
|
72 |
|
|
23 |
|
| Net amount recognized at December 31 |
$ |
325 |
|
$ |
119 |
|
$ |
189 |
|
$ |
84 |
|
|
|
| |
|
|
