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Note 13. Employee Benefit Plans Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) The Company provides substantially all domestic employees and employees at certain international subsidiaries with pension benefits. The Company also provides substantially all domestic salaried employees with postretirement health care and life insurance benefits. The Company has savings and investment plans available to employees. The Company also maintains stock ownership plans for qualifying employees. The Company contributes shares of its stock to the plans to match qualifying employee contributions. Employees have the choice of retaining Company stock in their accounts or diversifying the shares into other investment options. Expense is measured and recorded based upon the fair market value of the stock contributed to the plans each month. The number of shares designated for use in the plans is not significant compared to the shares outstanding for the periods presented. Assets of the Company’s defined contribution savings plans consist primarily of listed common stocks and pooled funds. The Company’s defined contribution savings plans held 16.4 million shares of Company common stock at June 30, 2008, with a market value of $555 million. Cash dividends received on shares of Company common stock held by these plans during the year ended June 30, 2008 were $9 million. Pension Benefits Postretirement Benefits 2008 2007 2006 2008 2007 2006 (In millions) (In millions) Retirement plan expense Defined benefit plans: Service cost (benefits earned during the period) $ 68 $ 62 $ 59 $ 9 $ 7 $ 6 Interest cost 109 94 87 12 10 9 Expected return on plan assets (121) (102) (81) – – – Curtailment – – 10 – – – Amortization of actuarial loss 17 19 35 2 1 – Other amortization Net periodic defined benefit plan 5 6 4 (1) (1) – expense 78 79 114 22 17 15 Defined contribution plans 31 29 27 – – – Total retirement plan expense $ 109 $ 108 $ 141 $ 22 $ 17 $ 15 On June 30, 2007, the Company adopted the recognition and disclosure provisions of SFAS No. 158. SFAS No. 158 required the Company to recognize the funded status of its pension plans in the June 30, 2007, consolidated balance sheet, with a corresponding adjustment to accumulated other comprehensive income. The adjustment to accumulated other comprehensive income at adoption represented the net unrecognized actuarial losses, unrecognized prior service costs, and unrecognized transition obligation remaining from the initial adoption of SFAS No. 87, Employers’ Accounting for Pensions, all of which were previously netted against the plans’ funded status in the Company’s consolidated balance sheet pursuant to the provisions of SFAS No. 87. These amounts are subsequently recognized as net periodic pension cost pursuant to the Company’s historical accounting policy for amortizing such amounts. Further, actuarial gains and losses that arise in subsequent periods and are not recognized as net periodic pension cost in the same periods are recognized as a component of other comprehensive income. Those amounts are subsequently recognized as a component of net periodic pension cost on the same basis as the amounts recognized in accumulated other comprehensive income pursuant to the provisions of SFAS No. 158. 62
Note 13. Employee Benefit Plans (Continued) Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) The incremental effects of adopting the provisions of SFAS No. 158 on the Company’s consolidated balance sheet at June 30, 2007 are presented in the following table. The adoption of SFAS No. 158 had no effect on the Company’s consolidated statement of earnings for the year ended June 30, 2007, or for any prior period presented, and it is not expected to have a material effect on the Company’s operating results in future periods. Had the Company not been required to adopt SFAS No. 158 at June 30, 2007, it would have recognized an additional minimum liability pursuant to the provisions of SFAS No. 87. The effects of recognizing the additional minimum liability is included in the table below in the column labeled “Prior to Adopting SFAS No. 158.” Pension Benefits Postretirement Benefits At June 30, 2007 At June 30, 2007 Prior to Effect of As Prior to Effect of As Adopting Adopting Reported Adopting Adopting Reported SFAS No. SFAS No. at June SFAS No. SFAS No. at June 158 158 30, 2007 158 158 30, 2007 (In millions) (In millions) Prepaid benefit cost $ 178 $ (156) $ 22 $ – $ – $ – Accrued benefit liability (204) (118) (322) (170) (38) (208) Intangible asset Accumulated other 21 (21) – – – – comprehensive income 85 295 380 – 38 38 SFAS No. 158 also requires companies to measure the funded status of defined benefit postretirement plans as of the end of the fiscal year instead of a date up to three months prior to the end of the fiscal year. The Company is required to adopt the measurement date provisions of SFAS No. 158 in 2009 and will record the impact of the measurement date change, which is not expected to be significant, as an adjustment to opening retained earnings. 63
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Relatório Anual 2008 da Archer Dan
Page 3 and 4:
DESTAQUES FINANCEIROS (em milhões,
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No ano, o lucro líquido atingiu US
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O ELO VITAL: Os negócios da ADM co
Page 9 and 10:
O MUNDO PRECISA DE CONEXÃO. A RESP
Page 11 and 12:
Erik Lightner, da ADM, supervisiona
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A BASE DE ATIVOS GLOBAIS DA ADM EST
Page 15 and 16:
UNITED STATES SECURITIES AND EXCHAN
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Table of Contents Item No. Descript
Page 19 and 20:
Item 1. BUSINESS (Continued) Golden
Page 21 and 22:
Item 1. BUSINESS (Continued) Corpor
Page 23 and 24:
Item 1. BUSINESS (Continued) The Co
Page 25 and 26: Item 1A. RISK FACTORS (Continued) T
Page 27 and 28: Item 2. PROPERTIES The Company owns
Page 29 and 30: Item 2. PROPERTIES (Continued) Othe
Page 31 and 32: Item 5. MARKET FOR REGISTRANT’S C
Page 33 and 34: Item 6. SELECTED FINANCIAL DATA Sel
Page 35 and 36: Item 7. MANAGEMENT’S DISCUSSION A
Page 49 and 50: Item 7A. QUANTITATIVE AND QUALITATI
Page 51 and 52: Archer Daniels Midland Company Cons
Page 53 and 54: Archer Daniels Midland Company Cons
Page 55 and 56: Archer Daniels Midland Company Note
Page 63 and 64: Note 5. Investments in and Advances
Page 65 and 66: Note 7. Debt and Financing Arrangem
Page 69 and 70: Note 8. Shareholders’ Equity (Con
Page 73 and 74: Note 11. Income Taxes (Continued) A
Page 75: Note 11. Income Taxes (Continued) A
Page 79 and 80: Note 13. Employee Benefit Plans (Co
Page 81 and 82: Note 13. Employee Benefit Plans (Co
Page 87 and 88: The Board of Directors and Sharehol
Page 89 and 90: Item 9. CHANGES IN AND DISAGREEMENT
Page 91 and 92: Item 10. DIRECTORS, EXECUTIVE OFFIC
Page 93 and 94: Item 12. SECURITY OWNERSHIP OF CERT
Page 95 and 96: Item 15. EXHIBITS AND FINANCIAL STA
Page 97 and 98: Item 15. EXHIBITS AND FINANCIAL STA
Page 99 and 100: EXHIBIT 21--SUBSIDIARIES OF THE REG
Page 101 and 102: Registration Statement No. 333-4261
Page 103 and 104: ARCHER-DANIELS-MIDLAND COMPANY Powe
Page 113 and 114: d) Disclosed in this report any cha
Page 115 and 116: d) Disclosed in this report any cha
Page 117 and 118: SECTION 1350 CERTIFICATION 103 Exhi
Page 119: NUTRIÇÃO CONEXÃO ENERGIA PROGRES
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Portuguese - ADM

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