FL » Topics » Pension and Postretirement Obligations

These excerpts taken from the FL 10-K filed Mar 30, 2009.

Pension and Postretirement Obligations

     The discount rate selected to measure the present value of the Company’s U.S. benefit obligations as of January 31, 2009 was derived using a cash flow matching method whereby the Company compares the plans’ projected payment obligations by year with the corresponding yield on the Citibank Pension Discount Curve. The cash flows are then discounted to their present value and an overall discount rate is determined. The discount rate selected to measure the present value of the Company’s Canadian benefit obligations as of January 31, 2009 was developed by using the plan’s bond portfolio indices, which match the benefit obligations.

Pension and Postretirement
Obligations


     The
discount rate selected to measure the present value of the Company’s U.S.
benefit obligations as of January 31, 2009 was derived using a cash flow
matching method whereby the Company compares the plans’ projected payment
obligations by year with the corresponding yield on the Citibank Pension
Discount Curve. The cash flows are then discounted to their present value and an
overall discount rate is determined. The discount rate selected to measure the
present value of the Company’s Canadian benefit obligations as of January 31,
2009 was developed by using the plan’s bond portfolio indices, which match the
benefit obligations.


Pension and Postretirement
Obligations


     The
discount rate selected to measure the present value of the Company’s U.S.
benefit obligations as of January 31, 2009 was derived using a cash flow
matching method whereby the Company compares the plans’ projected payment
obligations by year with the corresponding yield on the Citibank Pension
Discount Curve. The cash flows are then discounted to their present value and an
overall discount rate is determined. The discount rate selected to measure the
present value of the Company’s Canadian benefit obligations as of January 31,
2009 was developed by using the plan’s bond portfolio indices, which match the
benefit obligations.


These excerpts taken from the FL 10-K filed Mar 31, 2008.

Pension and Postretirement Obligations

     The discount rate selected to measure the present value of the Company’s U.S. benefit obligations as of February 2, 2008 was derived using a cash flow matching method whereby the Company compares the plans’ projected payment obligations by year with the corresponding yield on the Citibank Pension Discount Curve. The cash flows are then discounted to their present value and an overall discount rate is determined. The discount rate selected to measure the present value of the Company’s Canadian benefit obligations as of February 2, 2008 was developed by using the plan’s bond portfolio indices which match the benefit obligations.

Pension and Postretirement
Obligations


     The
discount rate selected to measure the present value of the Company’s U.S.
benefit obligations as of February 2, 2008 was derived using a cash flow
matching method whereby the Company compares the plans’ projected payment
obligations by year with the corresponding yield on the Citibank Pension
Discount Curve. The cash flows are then discounted to their present value and an
overall discount rate is determined. The discount rate selected to measure the
present value of the Company’s Canadian benefit obligations as of February 2,
2008 was developed by using the plan’s bond portfolio indices which match the
benefit obligations.


This excerpt taken from the FL 10-K filed Apr 2, 2007.

Pension and Postretirement Obligations

     The discount rate selected to measure the present value of the Company’s benefit obligations as of February 3, 2007 was derived using a cash flow matching method whereby the Company compares the plans’ projected payment obligations by year with the corresponding yield on the Citibank Pension Discount Curve. The cash flows are then discounted to their present value and an overall discount rate is determined.

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