The Long Term Expected Earnings Rate On Pension Plan

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The company’s the long term expected earnings rate on pension plan assets in 2013 was 7.25 %, and the 10 year and 20 year actual returns on U.S. pension plan assets were 7 % and 9%. The Exxon Mobil Corporation’s consolidated statement of cash flow on page 65 shows that postretirement benefits expenses in excess of net payments were $2,291 million in 2013, but it was negative or less than net payment of $315 million in 2012. Other long-term obligation provisions were in less than of payments of $ -2,566, which is less compared to the previous year’s $1,643. The company recorded its pension expense in an accumulated other comprehensive income, and it was $ 4,840 million for only U.S. division, and other post-employment benefit was $ 1,668 million. The company’s accrual return on plan assets in 2013 was $ 2,285 million, and its expected return on plan assets was $ 2,004 million. It seemed that the company includes the interest cost and expected return on assets in the calculation of pension expense recognized for a period since it is by an employer sponsoring a defined benefit pension plan. The benefit obligation at December 31, 2013 was $17,304 for U.S. pension’s benefits, and other postretirement benefits were $7,868. In addition, the company’s benefit pension plan disclosures should be made in a company’s financial statement because the funded status of the plans and the amount recognized in the balance sheet, the amount of net periodic benefit cost recognized showing its
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