American Airlines 2001 Annual Report Download - page 35

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33
The following table provides a reconciliation of the changes in the plans’ benefit obligations and fair value of assets for the
years ended December 31, 2001 and 2000, and a statement of funded status as of December 31, 2001 and 2000 (in millions):
Pension Benefits Other Benefits
2001 2000 2001 2000
Reconciliation of benefit obligation
Obligation at January 1 $ 6,434 $ 5,628 $ 1,708 $ 1,306
Service cost 260 213 66 43
Interest cost 515 467 175 108
Actuarial loss 416 499 205 328
Plan amendments 168 - (12) -
Acquisition of TWA - - 734 -
Benefit payments (371) (373) (117) (77)
Obligation at December 31 $ 7,422 $ 6,434 $ 2,759 $ 1,708
Reconciliation of fair value
of plan assets
Fair value of plan assets at January 1 $ 5,731 $ 5,282 $ 88 $ 72
Actual return on plan assets 1 735 (5) 5
Employer contributions 121 85 129 88
Benefit payments (371) (373) (117) (77)
Transfers - 2 - -
Fair value of plan assets at
December 31 $ 5,482 $ 5,731 $ 95 $ 88
Funded status
Accumulated benefit obligation (ABO) $ 6,041 $ 5,306 $ - $ -
Projected benefit obligation (PBO) 7,422 6,434 - -
Accumulated postretirement benefit
obligation (APBO) - - 2,759 1,708
Fair value of assets 5,482 5,731 95 88
Funded status at December 31 (1,940) (703) (2,664) (1,620)
Unrecognized loss (gain) 1,454 523 168 (51)
Unrecognized prior service cost 286 129 (42) (35)
Unrecognized transition asset (5) (6) - -
Accrued benefit cost $ (205) $ (57) $ (2,538) $ (1,706)
As of December 31, 2001, the accumulated benefit obligation and the fair value of plan assets for pension plans with
accumulated benefit obligations in excess of plan assets were approximately $4.2 billion and $3.6 billion, respectively.
At December 31, 2001 and 2000, other benefits plan assets of approximately $93 million and $88 million, respectively,
were invested in shares of mutual funds managed by a subsidiary of AMR.