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## 23 

## Pension plans 

## EMPLOYEE FUTURE BENEFITS 

The significant actuarial assumptions adopted to determine the benefit cost and projected benefit obligation were as follows (weighted-average assumptions as at the December - 31 measurement date preceding the fiscal year end): 

<img src='content_image/21695.jpg'>

The following table provides the components of the benefit cost for the years ended January 31: 

<img src='content_image/21696.jpg'>

(1) For the year ended January 31, 2004, benefit cost recognized includes $15 million for the Canadian plans and $10 million for the foreign plans ($14 million and $9 million, respectively, for the year ended January 31, 2003) relating to the recreational products segment. These amounts are included in income from discontinued operations in the consolidated statements of income. For the year ended January 31, 2004, benefit cost excludes curtailment and settlement gains of $1 million for the Canadian plans and $47 million for the foreign plans resulting from the sale of the recreational products segment and MAS since these gains are included in the calculation of the gain on disposal of businesses. 

