Faster, stronger, better. Annual report 2019 creating more smiles with every sip

participants in Plan I.

---

102
Selected financial information for our pension and retiree medical plans is as follows:
Pension
Retiree Medical
U.S.
International
2019
2018
2019
2018
2019
2018
Change in projected benefit liability
Liability at beginning of year
$ 13,807 $ 14,777 $
3,098 $
3,490
$
996 $
1,187
Service cost
381
431
73
92
23
32
Interest cost
543
482
97
93
36
34
Plan amendments
15
83
1
2
—
—
Participant contributions
—
—
2
2
—
—
Experience loss/(gain)
2,091
(972)
515
(230)
36
(147)
Benefit payments
(341)
(956)
(100)
(114)
(105)
(108)
Settlement/curtailment
(1,268)
(74)
(31)
(35)
—
—
Special termination benefits
2
36
—
2
—
1
Other, including foreign currency adjustment
—
—
98
(204)
2
(3)
Liability at end of year
$ 15,230 $ 13,807 $
3,753 $
3,098
$
988 $
996
Change in fair value of plan assets
Fair value at beginning of year
$ 12,258 $ 12,582 $
3,090 $
3,460
$
285 $
321
Actual return on plan assets
3,101
(789)
551
(136)
78
(21)
Employer contributions/funding
550
1,495
122
120
44
93
Participant contributions
—
—
2
2
—
—
Benefit payments
(341)
(956)
(100)
(114)
(105)
(108)
Settlement
(1,266)
(74)
(31)
(32)
—
—
Other, including foreign currency adjustment
—
—
98
(210)
—
—
Fair value at end of year
$ 14,302 $ 12,258 $
3,732 $
3,090
$
302 $
285
Funded status
$
(928) $ (1,549) $
(21) $
(8)
$
(686) $
(711)
Amounts recognized
Other assets
$
744 $
185
$
99 $
81
$
— $
—
Other current liabilities
(52)
(107)
(1)
(1)
(58)
(41)
Other liabilities
(1,620)
(1,627)
(119)
(88)
(628)
(670)
Net amount recognized
$
(928) $ (1,549) $
(21) $
(8)
$
(686) $
(711)
Amounts included in accumulated other comprehensive loss (pre-tax)
Net loss/(gain)
$
3,516 $
4,093
$
914 $
780
$
(285) $
(287)
Prior service cost/(credit)
114
109
—
(1)
(32)
(51)
Total
$
3,630 $
4,202
$
914 $
779
$
(317) $
(338)
Changes recognized in net (gain)/loss included in other comprehensive loss
Net (gain)/loss arising in current year
$
(120) $
760
$
152 $
103
$
(24) $
(107)
Amortization and settlement recognition
(457)
(187)
(44)
(56)
27
8
Foreign currency translation loss/(gain)
—
—
26
(49)
(1)
1
Total
$
(577) $
573
$
134 $
(2)
$
2 $
(98)
Accumulated benefit obligation at end of year
$ 14,255 $ 12,890 $
3,441 $
2,806
The net (gain)/loss arising in the current year is attributed to the change in discount rate, primarily offset by 
the actual asset returns different from expected returns.
The amount we report in operating profit as pension and retiree medical cost is service cost, which is the 

---

103
value of benefits earned by employees for working during the year.
The amounts we report below operating profit as pension and retiree medical cost consist of the following 
components:
• Interest cost is the accrued interest on the projected benefit obligation due to the passage of time. 
• Expected return on plan assets is the long-term return we expect to earn on plan investments for our 
funded plans that will be used to settle future benefit obligations.
• Amortization of prior service cost/(credit) represents the recognition in the income statement of benefit 
changes resulting from plan amendments. 
• Amortization of net loss/(gain) represents the recognition in the income statement of changes in the 
amount of plan assets and the projected benefit obligation based on changes in assumptions and actual 
experience. 
• Settlement/curtailment loss/(gain) represents the result of actions that effectively eliminate all or a 
portion of related projected benefit obligations. Settlements are triggered when payouts to settle the 
projected benefit obligation of a plan due to lump sums or other events exceed the annual service and 
interest cost. Settlements are recognized when actions are irrevocable and we are relieved of the 
primary responsibility and risk for projected benefit obligations. Curtailments are due to events such 
as plant closures or the sale of a business resulting in a reduction of future service or benefits. 
Curtailment losses are recognized when an event is probable and estimable, while curtailment gains 
are recognized when an event has occurred (when the related employees terminate or an amendment 
is adopted).
• Special termination benefits are the additional benefits offered to employees upon departure due to 
actions such as restructuring.
The components of total pension and retiree medical benefit costs are as follows: