DOVER Corp | 2013 | FY | 3

The following tables summarize the balance sheet impact, including the benefit obligations, assets, and funded status associated with the Company's significant defined benefit and other postretirement plans at December 31, 2013 and 2012.
 
Qualified Defined Benefits

Non-Qualified Supplemental Benefits

Post-Retirement Benefits
 
U.S. Plan

Non-U.S. Plans


 
2013

2012

2013

2012

2013

2012

2013

2012
Change in benefit obligation:
 

 

 

 

 

 

 

 
Benefit obligation at beginning of year
$
603,905


$
526,760


$
284,798

 
$
185,010

 
$
180,408

 
$
169,903

 
$
14,571

 
$
15,353

Benefits earned during the year
17,123


14,406


6,043

 
5,712

 
5,634

 
5,304

 
234

 
248

Interest cost
24,801


25,136


9,081

 
10,044

 
6,741

 
7,916

 
523

 
593

Plan participants' contributions
—


—


1,583

 
2,134

 
—

 
—

 
448

 
632

Benefits paid
(35,266
)

(38,297
)

(11,237
)
 
(7,065
)
 
(20,686
)
 
(19,434
)
 
(1,163
)
 
(1,531
)
Actuarial (gain) loss
(76,605
)

75,900


6,501

 
25,552

 
(34,831
)
 
9,579

 
(618
)
 
1,326

Business acquisitions
—


—


—

 
61,395

 
—

 
—

 
65

 
—

Amendments
1,913


—


—

 
—

 
3,004

 
7,140

 
—

 
—

Settlement and curtailment gains
(16,818
)

—


(3,036
)
 
(6,776
)
 
(7,228
)
 
—

 
—

 
(2,050
)
Currency translation and other
499


—


5,551

 
8,792

 
14

 
—

 
76

 
—

Benefit obligation at end of year
519,552


603,905


299,284


284,798


133,056


180,408


14,136


14,571

Change in plan assets:
 


 


 


 


 


 


 


 

Fair value of plan assets at beginning of year
554,648

 
515,191

 
181,416

 
121,807

 
—

 
—

 
—

 
—

Actual return on plan assets
66,761

 
59,754

 
17,356

 
16,023

 
—

 
—

 
—

 
—

Company contributions
9,000

 
18,000

 
11,359

 
10,243

 
20,686

 
19,434

 
715

 
2,949

Plan participants' contributions
—

 
—

 
1,583

 
2,134

 
—

 
—

 
448

 
632

Benefits paid
(35,266
)
 
(38,297
)
 
(11,237
)
 
(7,065
)
 
(20,686
)
 
(19,434
)
 
(1,163
)
 
(1,531
)
Business acquisitions
—

 
—

 
—

 
38,939

 
—

 
—

 
—

 
—

Settlements and curtailments
—

 
—

 
—

 
(6,776
)
 
—

 
—

 
—

 
(2,050
)
Currency translation
—

 
—

 
3,204

 
6,111

 
—

 
—

 
—

 
—

Fair value of plan assets at end of year
595,143


554,648


203,681


181,416


—


—


—


—

Funded status
$
75,591


$
(49,257
)

$
(95,603
)

$
(103,382
)

$
(133,056
)

$
(180,408
)

$
(14,136
)

$
(14,571
)























Amounts recognized in the balance sheets consist of:

 


 


 


 


 


 

Assets and Liabilities:
 


 


 


 


 


 


 


 

Other assets and deferred charges
$
75,591

 
$
—

 
$
2,976

 
$
2,749

 
$
—

 
$
—

 
$
—

 
$
—

Accrued compensation and employee benefits
—

 
—

 
(1,970
)
 
(3,190
)
 
(10,161
)
 
(19,701
)
 
(971
)
 
(953
)
Other liabilities (deferred compensation)
—

 
(49,257
)
 
(96,609
)
 
(102,941
)
 
(122,895
)
 
(160,707
)
 
(13,165
)
 
(13,618
)
Total Assets and Liabilities
$
75,591


$
(49,257
)

$
(95,603
)

$
(103,382
)

$
(133,056
)

$
(180,408
)

$
(14,136
)

$
(14,571
)
























Accumulated Other Comprehensive Loss (Earnings):





















Net actuarial losses (gains)
$
86,108

 
$
223,753

 
$
38,596

 
$
41,125

 
$
(12,520
)
 
$
22,296

 
$
799

 
$
996

Prior service cost (credit)
4,471

 
3,771

 
1,146

 
1,260

 
38,646

 
46,567

 
(1,024
)
 
(1,506
)
Net asset at transition, other
—

 
—

 
(48
)
 
3

 
—

 
—

 
—

 
—

Deferred taxes
(31,703
)
 
(79,634
)
 
(9,965
)
 
(10,761
)
 
(9,145
)
 
(24,103
)
 
20

 
119

Total Accumulated Other Comprehensive Loss (Earnings), net of tax
58,876


147,890


29,729


31,627


16,981


44,760


(205
)

(391
)
Net amount recognized at December 31,
$
134,467


$
98,633


$
(65,874
)

$
(71,755
)

$
(116,075
)

$
(135,648
)

$
(14,341
)

$
(14,962
)
























Accumulated benefit obligations
$
482,181

 
$
541,394

 
$
280,763

 
$
264,736

 
$
93,153

 
$
138,593







us-gaap:ScheduleOfDefinedBenefitPlansDisclosuresTextBlock