Investor Presentaiton
FORM 10-K
For the U.S. qualified pension and retiree health care plans, the expected return on plan assets component of net periodic benefit
cost is based upon a market-related value of assets. In accordance with U.S. GAAP, the market-related value of assets is the fair
value adjusted by a smoothing technique whereby certain gains and losses are phased in over a period of three years.
Changes in the benefit obligations and plan assets for defined benefit and retiree health care benefit plans are as follows:
U.S.
Defined Benefit
2016
2015
2016
U.S.
Retiree Health Care
2015
Non-U.S.
Defined Benefit
2016
2015
Change in plan benefit obligation
Benefit obligation at beginning of year:
$1,033
$ 1,076
$ 463
$ 513
$ 2,231
$ 2,316
Service cost
22
22
5
5
34
35
Interest cost
42
43
20
20
52
53
Participant contributions
10
19
6
6
Benefits paid
(9)
(38)
(46)
(73)
Medicare subsidy
Actuarial loss (gain)
Settlements
Plan amendments
Effects of exchange rate changes
1
3
27
(85)
(94)
ㅇㅎ
(6)
(27)
(21)
259
14
(8)
(18)
(30)
(136)
(102)
Benefit obligation at end of year (BO)
Change in plan assets
Fair value of plan assets at beginning of year:
Actual return on plan assets
$1,030
$ 1,033
434
$ 463
$2,361
$ 2,231
$1,019
$1,082
$ 441
$ 497
$ 2,134
$ 2,213
Employer contributions (funding of qualified plans)
Employer contributions (payments for non-qualified
plans) ..
Participant contributions
Benefits paid
775
79
(24)
20
227
25
15
52
1
1
160
72
15
Settlements
Effects of exchange rate changes
| |
10
19
6
(9)
(8)
(38)
(46)
(77)
(73)
(85)
(94)
(8)
(18)
(133)
(91)
Other
-
-
(30)
-
Fair value of plan assets at end of year (FVPA)
$ 1,034
$ 1,019
$ 434
$ 441
$ 2,309
$ 2,134
$
4
$ (14)
$ (22)
$ (52)
$ (97)
F |£ |
1
| 6
1
Funded status (FVPA - BO) at end of year
Amounts recognized on our Consolidated Balance Sheets as of December 31, are as follows:
U.S. Defined
Benefit
U.S. Retiree
Health Care
Non-U.S.
Defined Benefit
Total
2016
Overfunded retirement plans
$ 66
$ 3
$ 27
$ 96
Accrued expenses and other liabilities & Deferred credits and other
liabilities
(9)
(6)
(15)
Underfunded retirement plans
(53)
(3)
(73)
(129)
Funded status (FVPA - BO) at end of 2016
$ 4
SA
(52)
(48)
2015
Overfunded retirement plans
$ 51
SA
|
$ 34
$ 85
Accrued expenses and other liabilities & Deferred credits and other
liabilities
(16)
Underfunded retirement plans
(49)
Funded status (FVPA - BO) at end of 2015
$ (14)
$ (22)
22
(22)
(6)
(125)
(22)
(196)
$ (97)
$ (133)
50
TEXAS INSTRUMENTS . 2016 FORM 10-KView entire presentation