EXPERIENCEBUSINESS - Harley-Davidson

HARLEY- DAVIDSON, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
8. EMPLOYEE BENEFIT PLANS AND OTHER POSTRETIREMENT BENEFITS (CONTINUED)
Pension and
Postretirement Health
(In thousands) SERP Benefits Care Benefits
2000 1999 2000 1999
Change in benefit obligation:
Benefit obligation, beginning of year $291,185 $253,620 $70,597 $60,942
Service cost 15,554 12,215 3,480 2,921
Interest cost 23,054 19,763 5,516 4,774
Plan amendments 36,287 — 12,550 —
Actuarial losses 6,855 19,682 7,510 5,086
Plan participant contributions 4,218 3,875 — —
Benefits paid (9,619) (17,970) (3,587) (3,126)
Benefit obligation, September 30 367,534 291,185 96,066 70,597
Change in plan assets:
Fair value of plan assets, beginning of year 264,160 187,205 — —
Actual return on plan assets 101,280 51,095 — —
Company contributions 12,802 39,955 3,587 3,126
Plan participant contributions 4,218 3,875 — —
Benefits paid (9,619) (17,970) (3,587) (3,126)
Fair value of plan assets, September 30 372,841 264,160 — —
Funded status of the plans:
Benefit obligation (under) over plan assets (5,307) 27,025 96,066 70,597
Unrecognized transition asset — 131 — —
Unrecognized prior service (cost) benefit (55,670) (22,051) (11,138) 1,650
Unrecognized net gain (loss) 49,295 (21,889) (3,313) 4,291
Minimum pension liability
Intangible asset 23,715 2,992 — —
Accumulated other comprehensive income 9,672 9,083 — —
(Prepaid) accrued benefit cost, September 30 21,705 (4,709) 81,615 76,538
Fourth quarter contributions — — (949) (819)
(Prepaid) accrued benefit cost, December 31 $ 21,705 $ (4,709) $80,666 $75,719
Amounts recognized in the Statement
of Financial Position, December 31:
Accrued benefit liability $ 36,816 $ 17,423 $80,666 $75,719
Prepaid benefit cost (15,111) (22,132) — —
Net amount recognized $ 21,705 $ (4,709) $80,666 $75,719
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