In this report, Watson Wyatt Worldwide analyzes disclosures under Financial Accounting Standards Board (FASB) Statements 87 and 106 (FAS 87 and FAS 106), as amended by FASB Statement 132 (FAS 132). The disclosures are from the most recent annual reports or financial statements of the nation’s largest industrial and service companies. The report summarizes the assumptions used by companies in the calculation of pension expense and obligations, the disclosure of pension assets and obligations under FAS 87, and disclosures regarding postretirement benefits other than pensions, primarily health and life insurance benefits. This summary report is the fifteenth in a series of annual analyses of FAS 87 and the ninth to analyze FAS 106 disclosures.

Additional information on assumptions by industry group may be found in Watson Wyatt’s FAS Assumption Toolbox. Some values presented in the FAS Tool may differ from values in this report because the companies covered are not the same in both sources.

If you have questions about the report or are interested in a more detailed, specialized analysis, please contact any Watson Wyatt office.