STRYKER

2013 Form 10-K

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37 Dollar amounts in millions except per share amounts or as otherwise specified Certain of our subsidiaries have both funded and unfunded defined benefit pension plans covering some or all of their employees. Substantially all of the defined benefit pension plans have projected benefit obligations in excess of plan assets. Obligations and Funded Status December 31 2013 2012 Funded status Fair value of plan assets $ 281 $ 254 Benefit obligations 456 447 Funded status $ (175) $ (193) Amounts recognized in the Consolidated Balance Sheets Current liabilities—accrued compensation (1) (1) Noncurrent liabilities—other liabilities (174) (192) Pre-tax amounts recognized in AOCI Unrecognized net actuarial loss $ (115) $ (150) Unrecognized prior service cost 12 12 $ (103) $ (138) The estimated net actuarial loss for the defined benefit pension plans to be reclassified from AOCI into net periodic benefit cost in the year ended December 31, 2014 is ($4). We estimate that an immaterial amount of amortization of prior service cost and transition amount for the defined benefit pension plans will be reclassified from AOCI into net periodic benefit cost in the year ended December 31, 2014. Pension plans with an accumulated benefit obligation in excess of plan assets had projected benefit obligations, accumulated benefit obligations and fair value of plan assets of $456, $427, and $281, respectively, at December 31, 2013 and $447, $417 and $254, respectively, at December 31, 2012. Change in Benefit Obligations and Plan Assets December 31 2013 2012 Change in projected benefit obligations: Projected benefit obligations at beginning of year $ 447 $ 316 Service cost 30 21 Interest cost 13 13 Foreign exchange impact 2 2 Employee contributions 6 6 Actuarial (gains) losses (29) 110 Plan amendments (1) (1) Benefits paid (12) (20) Projected benefit obligations at end of year $ 456 $ 447 Accumulated benefit obligations at end of year 427 $ 417 December 31 2013 2012 Change in plan assets: Fair value of plan assets at beginning of year 254 210 Actual return 11 33 Employer contributions 20 21 Employee contributions 6 6 Foreign exchange impact 1 2 Benefits paid (11) (18) Fair value of plan assets at end of year $ 281 $ 254

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