PRAXAIR INC | 2013 | FY | 3

The changes in benefit obligation and plan assets for Praxair’s pension and OPEB programs, including reconciliation of the funded status of the plans to amounts recorded in the consolidated balance sheet, as of December 31, 2013 and 2012 are shown below:
(Millions of dollars)
Year Ended December 31,
Pensions
 
 
2013
 
2012
 
OPEB
U.S.
 
International
 
U.S.
 
International
 
2013
 
2012
Change in Benefit Obligation ("PBO")
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation January 1
$
1,926

 
$
727

 
$
1,721

 
$
624

 
$
251

 
$
226

Service cost
38

 
18

 
34

 
15

 
5

 
4

Interest cost
74

 
38

 
79

 
40

 
11

 
12

Participant contributions
—

 
—

 
—

 
—

 
11

 
9

Actuarial loss (gain)
(148
)
 
(43
)
 
182

 
89

 
(39
)
 
31

Benefits paid
(99
)
 
(38
)
 
(90
)
 
(43
)
 
(23
)
 
(29
)
Foreign currency translation
—

 
(41
)
 
—

 
2

 
(8
)
 
(2
)
Benefit obligation, December 31
$
1,791

 
$
661

 
$
1,926

 
$
727

 
$
208

 
$
251

Accumulated benefit obligation ("ABO")
$
1,712

 
$
629

 
$
1,831

 
$
678

 
 
 
 
Change in Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets, January 1
$
1,391

 
$
558

 
$
1,138

 
$
504

 
$
—

 
$
—

Actual return on plan assets
271

 
43

 
159

 
70

 
—

 
—

Company contributions
35

 
17

 
165

 
19

 
—

 
—

Benefits paid from plan assets
(77
)
 
(33
)
 
(71
)
 
(39
)
 
—

 
—

Foreign currency translation
—

 
(34
)
 
—

 
4

 
—

 
—

Fair value of plan assets, December 31
$
1,620

 
$
551

 
$
1,391

 
$
558

 
$
—

 
$
—

Funded Status, End of Year
$
(171
)
 
$
(110
)
 
$
(535
)
 
$
(169
)
 
$
(208
)
 
$
(251
)
Recorded in the Balance Sheet
 
 
 
 
 
 
 
 
 
 
 
Other long-term assets
$
—

 
$
42

 
$
—

 
$
—

 
$
—

 
$
—

Other current liabilities
(10
)
 
(6
)
 
(21
)
 
(6
)
 
(17
)
 
(19
)
Other long-term liabilities
(161
)
 
(146
)
 
(514
)
 
(163
)
 
(191
)
 
(232
)
Net amount recognized, December 31
$
(171
)
 
$
(110
)
 
$
(535
)
 
$
(169
)
 
$
(208
)
 
$
(251
)
Amounts recognized in accumulated other comprehensive income (loss) consist of:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss (gain)
$
563

 
$
145

 
$
956

 
$
217

 
$
(7
)
 
$
34

Prior service cost (credit)
1

 
18

 
(1
)
 
23

 
(4
)
 
(10
)
Deferred tax benefit (Note 5)
(215
)
 
(38
)
 
(364
)
 
(56
)
 
6

 
(7
)
Amount recognized in accumulated other comprehensive income (loss) (Note 7)
$
349

 
$
125

 
$
591

 
$
184

 
$
(5
)
 
$
17

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