EXXON MOBIL CORP | 2013 | FY | 3

   Pension Benefits Other Postretirement
   U.S. Non-U.S. Benefits
   2013 2012 2013 2012 2013 2012
   (percent)
Weighted-average assumptions used to determine           
 benefit obligations at December 31            
 Discount rate 5.00 4.00 4.30 3.80 5.00 4.00
 Long-term rate of compensation increase 5.75 5.75 5.40 5.50 5.75 5.75
              
   (millions of dollars)
Change in benefit obligation            
 Benefit obligation at January 1 19,779 17,035 28,670 29,068 9,058 7,880
 Service cost 801 665 697 648 176 134
 Interest cost 749 820 1,076 1,145 352 380
 Actuarial loss/(gain) (1,520) 2,553 (1,454) 2,335 (1,267) 1,035
 Benefits paid (1) (2) (2,520) (1,294) (1,311) (1,330) (511) (476)
 Foreign exchange rate changes  -  - (284) 651 (43) 13
 Japan restructuring and other divestments  -  - (77) (3,952)  -  -
 Plan amendments, other  15  - 40 105 103 92
Benefit obligation at December 31 17,304 19,779 27,357 28,670 7,868 9,058
Accumulated benefit obligation at December 31 13,989 15,902 23,949 24,345  -  -

(1)       Benefit payments for funded and unfunded plans.

(2)       For 2013 and 2012, other postretirement benefits paid are net of $20 million and $23 million of Medicare subsidy receipts, respectively.

 

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