Aetna 2014 Annual Report Download - page 117
Download and view the complete annual report
Please find page 117 of the 2014 Aetna annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
 |
 |
Annual Report- Page 111
The funded status of our pension and OPEB plans at the measurement date for 2014 and 2013 were as follows:
Pension Plans OPEB Plans
(Millions) 2014 2013 2014 2013
Benefit obligation $ (6,504.8) $ (5,965.3) $ (277.2) $ (260.9)
Fair value of plan assets 6,147.0 6,157.8 58.5 61.1
Funded status $ (357.8) $ 192.5 $ (218.7) $ (199.8)
The amounts in accumulated other comprehensive loss that have not yet been recognized in net periodic benefit cost
as of December 31, 2014 and 2013 were as follows:
Pension Plans OPEB Plans
(Millions) 2014 2013 2014 2013
Unrecognized prior service credit $ (1.2) $ (1.6) $ (26.1) $ (29.7)
Unrecognized net actuarial losses 2,493.0 1,943.5 76.8 46.1
Amount recognized in accumulated other comprehensive loss $ (2,491.8) $ (1,941.9) $ (50.7) $ (16.4)
The (liabilities) assets recognized on our balance sheets at December 31, 2014 and 2013 for our pension and OPEB
plans were comprised of the following:
Pension Plans OPEB Plans
(Millions) 2014 2013 2014 2013
Accrued benefit assets reflected in other long-term assets $ — $ 425.0 $ — $ —
Accrued benefit liabilities reflected in other current liabilities (21.6) (22.3) (14.5) —
Accrued benefit liabilities reflected in other long-term liabilities (336.2) (210.2) (204.2) (199.8)
Net amount of (liabilities) assets recognized at December 31, $ (357.8) $ 192.5 $ (218.7) $ (199.8)
At December 31, 2014, we had approximately $2.5 billion and $77 million of net actuarial losses for our pension and
OPEB plans, respectively, and approximately $1 million and $26 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 $61 million and $3 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 2015.
Our amortization of prior service credits for our pension plans in 2015 is not expected to be material.