Curtailment

[Table of Contents](#ica158fb683c247fdb170955b492f9216_7)HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIESNotes to Consolidated Financial Statements (Continued)Funded StatusThe funded status of the plans was as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | As of October 31, |
|   | 2021 |  | 2020 |  | 2021 |  | 2020 |
|   | Defined Benefit Plans |  | Post-Retirement Benefit Plans |
|   | In millions |
| Change in fair value of plan assets: |   |  |   |  |   |  |   |
| Fair value—beginning of year | $ | 14,127  |  |  | $ | 13,434  |  |  | $ | 57  |  |  | $ | 54  |  |
|  |  |  |  |  |  |  |  |
| Addition/deletion of plans(1) | 60  |  |  | 5  |  |  | —  |  |  | —  |  |
| Actual return on plan assets | 1,256  |  |  | 557  |  |  | 2  |  |  | —  |  |
| Employer contributions | 167  |  |  | 167  |  |  | 5  |  |  | 5  |  |
| Participant contributions | 23  |  |  | 24  |  |  | 5  |  |  | 5  |  |
| Benefits paid | (486) |  |  | (410) |  |  | (9) |  |  | (7) |  |
| Settlement | (32) |  |  | (51) |  |  | —  |  |  | —  |  |
| Currency impact | 239  |  |  | 401  |  |  | —  |  |  | —  |  |
| Fair value—end of year | $ | 15,354  |  |  | $ | 14,127  |  |  | $ | 60  |  |  | $ | 57  |  |
| Change in benefit obligation: |   |  |   |  |   |  |   |
| Projected benefit obligation—beginning of year | $ | 14,845  |  |  | $ | 14,225  |  |  | $ | 167  |  |  | $ | 179  |  |
|  |  |  |  |  |  |  |  |
| Addition/deletion of plans(1) | 68  |  |  | 5  |  |  | —  |  |  | —  |  |
| Service cost | 97  |  |  | 94  |  |  | 1  |  |  | 1  |  |
| Interest cost | 118  |  |  | 143  |  |  | 4  |  |  | 5  |  |
| Participant contributions | 23  |  |  | 24  |  |  | 5  |  |  | 5  |  |
| Actuarial loss (gain) | 13  |  |  | 368  |  |  | (10) |  |  | (9) |  |
| Benefits paid | (486) |  |  | (410) |  |  | (9) |  |  | (7) |  |
| Plan amendments | —  |  |  | (3) |  |  | —  |  |  | —  |  |
| Curtailment | (5) |  |  | —  |  |  | —  |  |  | —  |  |
| Settlement | (32) |  |  | (51) |  |  | —  |  |  | —  |  |
| Special termination benefits | 3  |  |  | 2  |  |  | —  |  |  | —  |  |
| Currency impact | 228  |  |  | 448  |  |  | 3  |  |  | (7) |  |
| Projected benefit obligation—end of year | $ | 14,872  |  |  | $ | 14,845  |  |  | $ | 161  |  |  | $ | 167  |  |
| Funded status at end of year | $ | 482  |  |  | $ | (718) |  |  | $ | (101) |  |  | $ | (110) |  |
| Accumulated benefit obligation | $ | 14,668  |  |  | $ | 14,619  |  |  | $ | —  |  |  | $ | —  |  |



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(1)Includes the addition/deletion of plans resulting from acquisitions. For the year ended October 31, 2021, the benefit obligation remained flat at approximately $14.9 billion primarily due to the effects of increasing discount rates offset by increases in long-term inflation assumptions for various plans. Assets returned much better than expected resulting in an increase in pension assets from approximately $14.1 billion to $15.4 billion. For the year ended October 31, 2020, the increase in the benefit obligation was primarily attributable to a decrease in the discount rate which resulted in an increase to HPE's pension liability of approximately $0.6 billion. Assets performed as expected contributing to an increase in pension assets from $13.4 billion to $14.1 billion.  
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