Note 24
U.S. defined benefit plans
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
plans.
U.S. pensions
U.S. other benefits
2005
2004
2005
2004
Defined benefit obligation
Beginning of the year
1,088
1,118
142
149
Current service cost
45
52
2
2
Interest cost
71
59
9
9
Losses (gains) on curtailments and settlements
(14)
(7)
(1)
(1)
Actuarial losses (gains)
104
8
13
7
Liabilities extinguished on settlements
(11)
(2)
Foreign currency exchange rate changes
177
(99)
21
(13)
Benefits paid
(42)
(43)
(13)
(11)
End of the year
1,418
1,088
171
142
Plan Assets
Fair value of assets, beginning of the year
707
703
Expected return on plan assets
70
49
Actuarial gains (losses)
(23)
(3)
Company contribution
276
66
13
11
Assets distributed on settlements
(11)
Foreign currency exchange rate changes
125
(65)
Benefits paid
(42)
(43)
(13)
(11)
Fair value of assets, end of the year
1,102
707
Surplus/(deficit)
(316)
(381)
(171)
(142)
Unrecognized actuarial loss
141
9
16
4
Unrecognized past service cost
(4)
(3)
1 Net assets/(liabilities)
(175)
(372)
(159)
(141)
The net periodic benefit cost:
U.S. pensions
U.S. other benefits
2005
2004
2005
2004
Current service cost
45
52
2
2
Interest on obligation
71
59
9
9
Expected return on plan assets
(70)
(49)
Past service cost
1
(Gains) losses on curtailments and settlements
(13)
(7)
(2)
1
Net periodic benefit cost
33
56
9
12
Actual return on plan assets
5%
8%
N/A
N/A
In 2005, a one-time contribution of USD 288 (EUR 236) was made to decrease the unfunded status of several U.S. pension
The curtailment gains recorded in 2005 were the result of the curtailment of the U.S. group pension plan due to the
divestment of the BI-LO/ Bruno's Arena in January 2005.
AHOLD ANNUAL REPORT 2005 145
