Pension Accounting

2003-2006

U.S. Pension Plan 

Expected Rate of Return

10%

10%

9.5%

8.75%

8.75%

8.75%

8.75%

Discount Rate

8%

7.5%

7.5%

6.75%

6.25%

5.88%

6.02%

Worldwide Pre-Tax P&L Impact

U.S.

($143M)

($172M)

($149M)

($69M)

$38M

$104M

$47M

International

$4M

$2M

$5M

$46M

$56M

$77M

$89M

Total Expense (Income)

($139M)

($170M)

($144M)

($23M)

$94M

$181M

$136M

Cash Funding Requirements

U.S. -- Qualified Plan /
Defined Benefit

$0M

$0M

$0M

$0M

$0M

$0M

$0M

International + Other

$15M

$33M

$42M

$63M

$63M

$70M

$78M

Total

$15M

$33M

$42M

$63M

$63M

$70M

$78M