The year-end status of the North American plans was as follows:
Pension Plans | Postretirement Benefit Plans | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Change in projected benefit obligation: | |||||||||||||||
Benefit obligation at beginning of year | $ | 743.3 | $ | 694.3 | $ | 59.9 | $ | 60.1 | |||||||
Service cost | 6.5 | 5.6 | 0.6 | 0.3 | |||||||||||
Interest cost | 32.6 | 34.5 | 2.3 | 2.6 | |||||||||||
Plan amendments | 15.3 | - | - | - | |||||||||||
Actuarial loss | 26.9 | 59.3 | 0.6 | 4.0 | |||||||||||
Currency fluctuations | (0.4) | (15.5) | - | (0.9) | |||||||||||
Employee contribution | - | - | 0.1 | 0.1 | |||||||||||
Benefits paid | (35.6) | (34.9) | (5.6) | (6.3) | |||||||||||
Projected benefit obligation at end of year | $ | 788.6 | $ | 743.3 | $ | 57.9 | $ | 59.9 | |||||||
Change in plan assets: | |||||||||||||||
Fair value at beginning of year | $ | 654.4 | $ | 630.0 | $ | - | $ | - | |||||||
Currency fluctuations | (0.3) | (12.9) | - | - | |||||||||||
Actual return | 53.9 | 45.4 | - | - | |||||||||||
Company contribution | 35.2 | 26.8 | 5.5 | 6.2 | |||||||||||
Employee contribution | - | - | 0.1 | 0.1 | |||||||||||
Benefits paid | (35.6) | (34.9) | (5.6) | (6.3) | |||||||||||
Fair value at end of year | $ | 707.6 | $ | 654.4 | $ | - | $ | - | |||||||
Funded status of the plans as of May 31 | $ | (81.0) | $ | (88.9) | $ | (57.9) | $ | (59.9) | |||||||
Amounts recognized in the consolidated balance sheets: | |||||||||||||||
Noncurrent assets | $ | 6.4 | $ | - | $ | - | $ | - | |||||||
Current liabilities | (0.6) | (0.6) | (5.9) | (6.3) | |||||||||||
Noncurrent liabilities | (86.8) | (88.3) | (52.0) | (53.6) | |||||||||||
Amounts recognized in accumulated other | |||||||||||||||
comprehensive (income) loss | |||||||||||||||
Prior service costs (credits) | $ | 27.1 | $ | 13.2 | $ | (3.2) | $ | (4.9) | |||||||
Actuarial (gain)/loss | 125.4 | 131.3 | (7.0) | (8.9) |