This excerpt taken from the HSP 10-Q filed Nov 5, 2008.
Please refer to Item 7. in Hospiras Annual Report on Form 10-K for the year ended December 31, 2007 for a discussion of Hospiras contractual obligations.
Through the nine-months ended September 30, 2008, actual returns for the main U.S. pension plan funds are significantly below the expected rate of return of 8.25% due to adverse conditions in the equity markets. Continued actual returns below the long-term expected rate of return would impact the amount and timing of future contributions and funding requirements under the Pension Protection Act of 2006. During the three months ended September 30, 2008, Hospira made a discretionary funding contribution of $5.5 million to the main U.S. pension plan. Based on Federal laws and regulations, Hospira is not required to make any contributions and does not expect to make any discretionary contributions to its pension plans for the remainder of 2008 or 2009.
This excerpt taken from the HSP 10-K filed Mar 22, 2005.
Hospira has no material exposures to off-balance sheet arrangements, no special purpose entities, and no activities that include non-exchange-traded contracts accounted for at fair value.
The following table summarizes Hospira's estimated contractual obligations as of December 31, 2004 (dollars in millions):
Hospira's commercial commitments as of December 31, 2004, representing commitments not recorded on the balance sheet but potentially triggered by future events, primarily consist of non-debt letters of credit to provide credit support for certain transactions as requested by third parties. As of
December 31, 2004, Hospira had $5.7 million of outstanding letters of credit, all with expirations in 2005. No amounts have been drawn on these letters of credit.