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Note 13. Employee Benefit Plans (Continued) Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) The Company uses a March 31 measurement date for substantially all defined benefit plans. The following tables set forth changes in the defined benefit obligation and the fair value of defined benefit plan assets: Pension Benefits Postretirement Benefits 2008 2007 2008 2007 (In millions) (In millions) Benefit obligation, beginning $ 1,916 $ 1,707 $ 208 $ 165 Service cost 68 62 9 7 Interest cost 109 94 12 10 Actuarial loss (gain) (242) 65 (15) 24 Curtailment – (1) – – Employee contributions 3 4 – 2 Benefits paid (78) (77) (8) (7) Plan amendments 6 3 – – Acquisitions and divestitures – 15 – 7 Foreign currency effects 69 44 – – Benefit obligation, ending $ 1,851 $ 1,916 $ 206 $ 208 Fair value of plan assets, beginning $ 1,611 $ 1,468 $ – $ – Actual return on plan assets 5 118 – – Employer contributions 69 50 8 5 Employee contributions 3 4 – 2 Benefits paid (78) (77) (8) (7) Acquisitions and divestitures – 14 – – Foreign currency effects 52 34 – – Fair value of plan assets, ending $ 1,662 $ 1,611 $ – $ – Funded status $ (189) $ (305) $ (206) $ (208) Adjustment for fourth quarter contributions 7 5 – – Pension liability recognized in the balance sheet $ (182) $ (300) $ (206) $ (208) Prepaid benefit cost $ 68 $ 22 $ – $ – Accrued benefit liability – current (11) (9) (8) (7) Accrued benefit liability – long-term (239) (313) (198) (201) Net amount recognized in the balance sheet $ (182) $ (300) $ (206) $ (208) 64
Note 13. Employee Benefit Plans (Continued) Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) Included in accumulated other comprehensive income for pension benefits at June 30, 2008, are the following amounts that have not yet been recognized in net periodic pension cost: unrecognized transition obligation of $4 million, unrecognized prior service costs of $43 million and unrecognized actuarial losses of $204 million. The prior service cost and actuarial loss included in accumulated other comprehensive income and expected to be recognized in net periodic pension cost during the fiscal year ended June 30, 2009, is $6 million and $2 million, respectively. Included in accumulated other comprehensive income for postretirement benefits at June 30, 2008, are the following amounts that have not yet been recognized in net periodic benefit costs: unrecognized prior service credit of $8 million and unrecognized actuarial losses of $30 million. The prior service credit and actuarial loss included in accumulated other comprehensive income and expected to be recognized in net periodic benefit costs during the fiscal year ended June 30, 2009, is $(1) million, and $1 million, respectively. The following table sets forth the principal assumptions used in developing net periodic expense: Pension Benefits Postretirement Benefits 2008 2007 2008 2007 Discount rate 5.6% 5.5% 6.0% 6.0% Expected return on plan assets 7.6% 7.2% N/A N/A Rate of compensation increase 4.1% 3.7% N/A N/A The following table sets forth the principal assumptions used in developing the year-end actuarial present value of the projected benefit obligations: Pension Benefits Postretirement Benefits 2008 2007 2008 2007 Discount rate 6.5% 5.6% 6.8% 6.0% Rate of compensation increase 3.9% 4.1% N/A N/A The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for the pension plans with projected benefit obligations in excess of plan assets were $1.2 billion, $1.2 billion, and $1.0 billion, respectively, as of June 30, 2008, and $1.7 billion, $1.5 billion, and $1.4 billion, respectively, as of June 30, 2007. The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for the pension plans with accumulated benefit obligations in excess of plan assets were $484 million, $474 million, and $282 million, respectively, as of June 30, 2008, and $491 million, $481 million, and $284 million, respectively, as of June 30, 2007. The accumulated benefit obligation for all pension plans as of June 30, 2008 and 2007, was $1.7 billion. For postretirement benefit measurement purposes, a 9.0% annual rate of increase in the per capita cost of covered health care benefits was assumed for 2008. The rate was assumed to decrease gradually to 5.0% for 2012 and remain at that level thereafter. Assumed health care cost trend rates have a significant impact on the amounts reported for the health care plans. A 1% change in assumed health care cost trend rates would have the following effect: 1% Increase 1% Decrease (In millions) Effect on combined service and interest cost components $ 2 $ (2) Effect on accumulated postretirement benefit obligations $ 17 $ (18) 65
Page 1 and 2:
Relatório Anual 2008 da Archer Dan
Page 3 and 4:
DESTAQUES FINANCEIROS (em milhões,
Page 5 and 6:
No ano, o lucro líquido atingiu US
Page 7 and 8:
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
Page 13 and 14:
A BASE DE ATIVOS GLOBAIS DA ADM EST
Page 15 and 16:
UNITED STATES SECURITIES AND EXCHAN
Page 17 and 18:
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 and 76: Note 11. Income Taxes (Continued) A
Page 77: 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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