Accrued Compensation and Benefits

12 Months Ended

Dec. 31, 2017

Accrued compensation and benefits consist of the following:



	As of December 31,
	2017		2016
	(Dollars in millions)
Accrued performance fee-related compensation	$	1,894.8	$	1,307.4
Accrued bonuses	202.6		177.2
Other	125.2		177.2
Total	$	2,222.6	$	1,661.8

Certain employees of AlpInvest are covered by defined benefit pension plans sponsored by AlpInvest. As of December 31, 2017 and 2016, the benefit obligation of those pension plans totaled approximately $73.4 million and $61.9 million, respectively. As of December 31, 2017 and 2016, the fair value of the plans’ assets was approximately $56.3 million and $46.3 million, respectively. At December 31, 2017 and 2016, the Partnership recognized a liability of $17.1 million and $15.6 million, respectively, representing the funded status of the plans, which was included in accrued compensation and benefits in the accompanying consolidated financial statements. For the years ended December 31, 2017, 2016 and 2015, the net periodic benefit cost recognized was $4.2 million, $2.5 million and $2.8 million, respectively, which is included in base compensation expense in the accompanying consolidated financial statements. No other employees of the Partnership are covered by defined benefit pension plans.