PACCAR INC | 2013 | FY | 3


The components of the change in projected benefit obligation and change in plan assets are as follows:

 

  

     2013     2012  

Change in projected benefit obligation:

    

Benefit obligation at January 1

   $ 2,068.0      $ 1,808.1   

Service cost

     73.5        64.1   

Interest cost

     81.0        81.4   

Benefits paid

     (68.4 )      (71.1 ) 

Actuarial (gain) loss

     (199.2 )      163.8   

Currency translation and other

     3.2        18.3   

Participant contributions

     3.5        3.4   
  

 

 

   

 

 

 

Projected benefit obligation at December 31

   $ 1,961.6      $ 2,068.0   
  

 

 

   

 

 

 

Change in plan assets:

    

Fair value of plan assets at January 1

   $ 1,901.0      $ 1,549.9   

Employer contributions

     26.2        190.8   

Actual return on plan assets

     242.5        208.8   

Benefits paid

     (68.4 )      (71.1 ) 

Currency translation and other

     3.6        19.2   

Participant contributions

     3.5        3.4   
  

 

 

   

 

 

 

Fair value of plan assets at December 31

     2,108.4        1,901.0   
  

 

 

   

 

 

 

Funded status at December 31

   $ 146.8      $ (167.0 ) 
  

 

 

   

 

 

 
Amounts recorded on balance sheet:    2013     2012  

Other noncurrent assets

   $ 217.7      $ 10.0   

Other liabilities

     70.9        177.0   

Accumulated other comprehensive (income) loss:

    

Actuarial loss

     257.0        490.4   

Prior service cost

     4.9        5.7   

Net initial transition amount

     .3        .4   

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