COLGATE PALMOLIVE CO | 2013 | FY | 3

The Company uses a December 31 measurement date for its defined benefit and other retiree benefit plans. Summarized information for the Company’s defined benefit and other retiree benefit plans are as follows:
  
 
Pension Benefits
 
Other Retiree Benefits
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
  
 
United States
 
International
 
 
 
 
Change in Benefit Obligations
 
 
 
 
 
 
 
 
 
 
 
 
Benefit obligations at beginning of year
 
$
2,227

 
$
2,025

 
$
888

 
$
760

 
$
875

 
$
776

Service cost
 
24

 
24

 
19

 
12

 
11

 
9

Interest cost
 
90

 
97

 
34


35

 
38


40

Participants’ contributions
 
1

 
1

 
3

 
3

 
—

 
—

Acquisitions/plan amendments
 
40

 
—

 
2

 
21

 
—

 
(27
)
Actuarial loss (gain)
 
(148
)
 
200

 
(1
)
 
103

 
(101
)
 
119

Foreign exchange impact
 
—

 
—

 
12

 
21

 
(5
)
 
1

Termination benefits (1)
 
11

 
—

 
—

 
—

 
6

 
—

Curtailments and settlements
 
(12
)
 
—

 
(21
)
 
(23
)
 
—

 
—

Benefit payments
 
(131
)
 
(128
)
 
(41
)
 
(45
)
 
(32
)
 
(40
)
Other
 
—

 
8

 
(1
)
 
1

 
—

 
(3
)
Benefit obligations at end of year
 
$
2,102

 
$
2,227

 
$
894

 
$
888

 
$
792

 
$
875

Change in Plan Assets
 
 
 
 
 
 
 
 
 
 

 
 

Fair value of plan assets at beginning of year
 
$
1,597

 
$
1,426

 
$
486

 
$
437

 
$
37

 
$
32

Actual return on plan assets
 
148

 
173

 
59

 
47

 
4

 
5

Company contributions
 
121

 
125

 
61

 
57

 
32

 
40

Participants’ contributions
 
1

 
1

 
3

 
3

 
—

 
—

Foreign exchange impact
 
—

 
—

 
2

 
13

 
—

 
—

Settlements
 
—

 
—

 
(11
)
 
(21
)
 
—

 
—

Benefit payments
 
(131
)
 
(128
)
 
(41
)
 
(45
)
 
(32
)
 
(40
)
Other
 
—

 
—

 
(1
)
 
(5
)
 
—

 
—

Fair value of plan assets at end of year
 
$
1,736

 
$
1,597

 
$
558

 
$
486

 
$
41

 
$
37

Funded Status
 
 
 
 
 
 
 
 
 
 

 
 

Benefit obligations at end of year
 
$
2,102

 
$
2,227

 
$
894

 
$
888

 
$
792

 
$
875

Fair value of plan assets at end of year
 
1,736

 
1,597

 
558

 
486

 
41

 
37

Net amount recognized
 
$
(366
)
 
$
(630
)
 
$
(336
)
 
$
(402
)
 
$
(751
)
 
$
(838
)
Amounts Recognized in Balance Sheet
 
 
 
 
 
 

 
 

 
 

 
 

Noncurrent assets
 
$
16

 
$
—

 
$
12

 
$
2

 
$
—

 
$
—

Current liabilities
 
(19
)
 
(17
)
 
(36
)
 
(29
)
 
(39
)
 
(40
)
Noncurrent liabilities
 
(363
)
 
(613
)
 
(312
)
 
(375
)
 
(712
)
 
(798
)
Net amount recognized
 
$
(366
)
 
$
(630
)
 
$
(336
)
 
$
(402
)
 
$
(751
)
 
$
(838
)
Amounts Recognized in Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 

 
 

 
 

 
 

Actuarial loss
 
$
674

 
$
932

 
$
181

 
$
235

 
$
296

 
$
421

Transition/prior service cost
 
3

 
63

 
23

 
26

 
1

 
2

  
 
$
677

 
$
995

 
$
204

 
$
261

 
$
297

 
$
423

Accumulated benefit obligation
 
$
1,995

 
$
2,093

 
$
802

 
$
798

 
$
—

 
$
—

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