bunge 2004 annual report notes to the consolidated  financial statements Bunge has aggregated certain pension plans with projected ben- efit obligations in excess of fair value of plan assets with pension plans that have fair value of plan assets in excess of projected benefit obligations. At December 31, 2004, the $342 million pro- jected benefit obligation includes plans with projected benefit obligations of $328 million, which was in excess of the fair value of related plan assets of $209 million. At December 31, 2003, the $318 million projected benefit obligation includes plans with projected benefit obligations of $304 million, which were in excess of the fair value of related plan assets of $188 million. The accumulated benefit obligation for the defined benefit pension plans was $309 million and $291 million at December 31, 2004 and 2003, respectively. The following table summarizes information relating to aggregated pension plans with an accumulated benefit obligation in excess of plan assets.  Bunge has recorded a minimum pension liability for the actuarial present value of accumulated benefits that exceeded plan assets and the accrued pension liabilities that were exceeded by the unfunded accumulated benefit obligation. The accrued additional minimum pension liability at December 31, 2004 and 2003 was $48 million and $44 million, respectively. At December 31, 2004 and 2003, Bunge also recognized an intangible asset of $12 million and $11 million, respectively, related to unamortized prior service costs for which a minimum pension liability was recorded. At December 31, 2004 and 2003, Bunge recorded $36 million and $33 million, respectively, of the excess of the additional minimum pension liability over the amount recognized as an intangible asset in other accumulated comprehensive income (loss). Bunge recorded an increase in additional minimum pension liability of $3 million and $17 million for the years ended December 31, 2004 and 2003, respectively, which is included in other comprehensive income (loss). The components of net periodic costs are as follows: December 31, (US$ in millions) 2004 2003 Projected benefit obligation $ 3 32 28 8 $ 304 Accumulated benefit obligation 2 29 94 4 277 Fair value of plan assets 2 20 09 9 188 Pension Benefits Postretirement Healthcare Benefits Year Ended December 31, Year Ended December 31, (US$ in millions) 2004 2003 2002 2004 2003 2002 Service cost $ 1 10 0 $ 8 $ 5 $ – $ 1 $ 1 Interest cost 1 19 9 16 11 2 2 2 Expected return on plan assets ((1 17 7)) (16) (11) – – – Amortization of unrecognized prior service cost 1 1 1 – – – Recognized net loss 3 1 – – – – Amortization of transition obligation ((1 1)) (1) (1) – – – Net periodic benefit costs $ 1 15 5 $ 9 $ 5 $ 2 $ 3 $ 3 74