Aetna 2013 Annual Report Download - page 122

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Annual Report- Page 116
At December 31, 2013, the fair value of plan assets of the Aetna Pension Plan was in excess of the benefit
obligations while the Non-qualified Pension Plan had benefit obligations in excess of the fair value of plan assets.
Below is the funded status of each of our Pension Plans:
Aetna Pension Plan Non-qualified Pension Plan
(Millions) 2013 2012 2013 2012
Benefit obligation $ (5,732.8) $ (6,398.9) $ (232.5) $ (266.9)
Fair value of plan assets 6,157.8 5,805.0 — —
Funded status $ 425.0 $ (593.9) $ (232.5) $ (266.9)
The amounts in accumulated other comprehensive loss that have not yet been recognized in net periodic benefit cost
as of December 31, 2013 and 2012 were as follows:
Pension Plans OPEB Plans
(Millions) 2013 2012 2013 2012
Unrecognized prior service credit $ (1.6) $ (2.0) $ (29.7) $ (33.4)
Unrecognized net actuarial losses 1,943.5 2,865.2 46.1 71.4
Amount recognized in accumulated other comprehensive loss $ (1,941.9) $ (2,863.2) $ (16.4) $ (38.0)
The assets (liabilities) recognized on our balance sheets at December 31, 2013 and 2012 for our pension and OPEB
plans were comprised of the following:
Pension Plans OPEB Plans
(Millions) 2013 2012 2013 2012
Accrued benefit assets reflected in other long-term assets $ 425.0 $ — $ — $ —
Accrued benefit liabilities reflected in other current liabilities (22.3) (82.4) ——
Accrued benefit liabilities reflected in other long-term liabilities (210.2) (778.4) (199.8) (230.3)
Net amount of assets (liabilities) recognized at December 31, $ 192.5 $ (860.8) $ (199.8) $ (230.3)
At December 31, 2013, we had approximately $1.9 billion and $46 million of net actuarial losses for our pension and
OPEB plans, respectively, and approximately $2 million and $30 million of prior service credits for our pension and
OPEB plans, respectively, that have not been recognized as components of net periodic benefit costs. We expect to
recognize approximately $47 million and $1 million in amortization of net actuarial losses for our pension and OPEB
plans, respectively, and approximately $4 million in amortization of prior service credits for our OPEB plans in 2014.
Our amortization of prior service credits for our pension plans in 2014 is not expected to be material.
Components of the net periodic benefit (income) cost of our defined benefit pension plans and OPEB plans for the
years ended December 31, 2013, 2012 and 2011 were as follows:
Pension Plans OPEB Plans
(Millions) 2013 2012 2011 2013 2012 2011
Service cost $ — $ — $ — $ .1 $ .1 $ .2
Amortization of prior service cost (.4) (.4) (.4) (3.7) (3.7) (3.7)
Interest cost 271.5 298.4 312.3 11.1 14.4 16.6
Expected return on plan assets (396.4) (387.3) (385.0) (2.4) (2.7) (3.6)
Recognized net actuarial losses 75.4 70.2 58.3 2.3 4.5 4.9
Net periodic benefit (income) cost $ (49.9) $ (19.1) $ (14.8) $ 7.4 $ 12.6 $ 14.4