EASTMAN CHEMICAL CO | 2013 | FY | 3


Below is a summary balance sheet of the change in plan assets during 2013 and 2012, the funded status of the plans, amounts recognized in the Consolidated Statements of Financial Position, and a summary of amounts recognized in accumulated other comprehensive income.

Summary of Changes
 
Pension Plans
 
Postretirement Benefit Plans
 
2013
 
2012
 
2013
 
2012
(Dollars in millions)
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
 
 
 
Change in projected benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
2,466

 
$
672

 
$
1,531

 
$
257

 
$
1,140

 
$
881

Service cost
43

 
14

 
40

 
8

 
11

 
10

Interest cost
89

 
27

 
86

 
19

 
44

 
45

Actuarial (gain) loss
(184
)
 
22

 
196

 
88

 
(123
)
 
93

Curtailment gain

 
(1
)
 

 

 

 

Acquisitions

 

 
727

 
291

 

 
167

Plan amendments and other

 

 

 

 
(47
)
 
(3
)
Plan participants' contributions

 
2

 

 
1

 
20

 
16

Effect of currency exchange

 
20

 

 
21

 
(1
)
 

Federal subsidy on benefits paid

 

 

 

 
1

 
2

Benefits paid
(178
)
 
(20
)
 
(114
)
 
(13
)
 
(83
)
 
(71
)
Benefit obligation, end of year
$
2,236

 
$
736

 
$
2,466

 
$
672

 
$
962

 
$
1,140

Change in plan assets:
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
$
1,702

 
$
596

 
$
1,003

 
$
276

 
$
210

 
$
55

Actual return on plan assets
239

 
39

 
171

 
54

 
7

 
13

Effect of currency exchange

 
17

 

 
17

 

 

Company contributions
124

 
24

 
128

 
21

 
40

 
38

Reserve for third party contributions

 

 

 

 
(16
)
 
(5
)
Plan participants' contributions

 
2

 

 
1

 
20

 
16

Benefits paid
(178
)
 
(20
)
 
(114
)
 
(13
)
 
(83
)
 
(71
)
Federal subsidy on benefits paid

 

 

 

 
1

 
2

Acquisitions

 

 
514

 
240

 

 
162

Fair value of plan assets, end of year
$
1,887

 
$
658

 
$
1,702

 
$
596

 
$
179

 
$
210

Funded status at end of year
$
(349
)
 
$
(78
)
 
$
(764
)
 
$
(76
)
 
$
(783
)
 
$
(930
)
Amounts recognized in the Consolidated Statements of Financial Position consist of:
 
 
 
 
 
 
 
 
 
 
 
Other noncurrent assets
$

 
$
7

 
$

 
$
11

 
$
3

 
$
7

Current liabilities
(3
)
 
(1
)
 
(3
)
 
(1
)
 
(41
)
 
(42
)
Post-employment obligations
(346
)
 
(84
)
 
(761
)
 
(86
)
 
(745
)
 
(895
)
Net amount recognized, end of year
$
(349
)
 
$
(78
)
 
$
(764
)
 
$
(76
)
 
$
(783
)
 
$
(930
)
Accumulated benefit obligation
$
2,123

 
$
678

 
$
2,387

 
$
603

 
 
 
 
Amounts recognized in accumulated other comprehensive income consist of:
 
 
 
 
 
 
 
 
 
 
 
Prior service credit
$
(18
)
 
$

 
$
(22
)
 
$

 
$
(108
)
 
$
(83
)

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