Document wq48yo1GDYEY50bY3EzYy6O8V
COOPER INDUSTRIES LTD(Form 424B2, Received. 10/25/2002 13 39 31)
Page 50 of 68
Cooper and its subsidiaries have numerous defined benefit pension plans and other postretirement benefit plans The benefits provided under Cooper's various postretirement benefit plans other than pensions, all of which are unfunded, include retiree medical care, dental care, prescriptions and life insurance, with medical care accounting for approximately 90% of the total Current employees, unless grandfathered under plans assumed in acquisitions, are not provided postretirement benefits other than pensions The vast majority of the annual other postretirement benefit expense is related to employees who are already retired
F-18
COOPER INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Change in benefit obligation
Benefit obligation at January 1
Service cost
..
Interest cost
Benefit payments
Settlements
Actuarial (gain) loss
Acquisitions
Other
..
Benefit obligation at December 31
Change in plan assets
Fair value of plan assets at January 1
Actual return on plan assets
Employer contributions
..................
Benefit payments
.
...
Settlements
...
.
Acquisitions
.
.
...
Other
.
.
..........................
Fair value of plan assets at December 31 ..
Funded status
. .......................
Unrecognized actuarial (gain) loss . .
Unrecognized prior service cost .
Other . .
.
.................................
Net amount recognized . . ... . .
Amounts recognized m the balance sheet consist of
Prepaid benefit asset
Accrued benefit liability .
.
Intangible asset
....
...............................
Accumulated other non-owner changes in equity
Pension Benefits
Post
2001
2000
(in millions
$584 3 16 2 42 5
(44 4) -
23 1 -
06
$565 3 14 9 41 0
(27 6) (25 7)
(5 9) 25 5 (3 2)
$
622 3
584 3
616 (3 5
(44
(3
1 6) 4 4) -
1)
570 4
(51.9) 85.2 2.9 04
$ 36.6
$103 2 (73.4) 1.2 5.6
615 3 10 7 76 (27 6) (25 7) 39 1 (3. 3)
616 1
31.8 74 01 0.6
$ 39 9
1 $'
$105.4 (71.5) 15 4.5
$ 1
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