Capital One 2009 Annual Report Download - page 163
Download and view the complete annual report
Please find page 163 of the 2009 Capital One 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 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
 |
 |
150
The Company’s pension plans and the other postretirement benefit plans were valued using a December 31 measurement date.
The Company’s policy is to amortize prior service amounts on a straight-line basis over the average remaining years of service to full
eligibility for benefits of active plan participants.
The following table sets forth, on an aggregated basis, changes in the benefit obligations and plan assets, how the funded status is
recognized in the balance sheet, and the components of net periodic benefit cost.
Pension Benefits Postretirement Benefits
2009 2008
2009 2008
Change in benefit obligation:
Benefit obligation at beginning of year .............................................................
.
$ 189,751 $ 207,926 $ 73,700 $ 59,783
Impact of adopting the measurement date provisions for post retirement
benefits of ASC 715-20/SFAS 158 of the Codification ...............................
.
— — — 906
Service cost .......................................................................................................
.
1,635 2,500 1,546 1,687
Interest cost .......................................................................................................
.
10,684 11,941 4,400 3,605
Plan participant contributions ...........................................................................
.
— — — 635
Benefits paid .....................................................................................................
.
(21,187) (11,340) (3,590) (4,468)
N
et actuarial loss (gain) ....................................................................................
.
9,330 3,381 (9,243) 11,552
Settlements ........................................................................................................
.
— (24,657) — —
Benefit obligation at end of year .......................................................................
.
$ 190,213 $ 189,751 $ 66,813 $ 73,700
Change in plan assets:
Fair value of plan assets at beginning of year ...................................................
.
$ 192,605 $ 308,335 $ 6,981 $ 8,356
Actual return on plan assets ..............................................................................
.
40,378 (80,678) 275 (1,375)
Employer contributions .....................................................................................
.
869 945 3,590 3,833
Plan participant contributions ...........................................................................
.
— — — 635
Settlements ........................................................................................................
.
— (24,657) — —
Benefits paid .....................................................................................................
.
(21,187) (11,340) (3,590) (4,468)
Fair value of plan assets at end of year .............................................................
.
$ 212,665 $ 192,605 $ 7,256 $ 6,981
Funded status at end of year ..............................................................................
.
$ 22,452 $ 2,854 $ (59,556) $ (66,719)
Balance Sheet Presentation:
Other assets .......................................................................................................
.
$ 33,588 $ 13,316 $ — $ —
Other liabilities .................................................................................................
.
(11,136) (10,462) (59,556) (66,719)
N
et amount recognized at end of yea
r
...............................................................
.
$ 22,452 $ 2,854 $ (59,556) $ (66,719)
Accumulated benefit obligation at end of year .............................................
.
$ 190,213 $ 189,751 n/a n/a
Components of net periodic benefit cost:
Service cost .......................................................................................................
.
$ 1,635 $ 2,500 $ 1,546 $ 1,687
Interest cost .......................................................................................................
.
10,684 11,941 4,400 3,605
Expected return on plan assets ..........................................................................
.
(13,407) (21,091) (448) (608)
Amortization of transition obligation, prior service credit, and net actuarial
loss ...............................................................................................................
.
1,478 — (7,593) (7,959)
Settlement loss recognized ................................................................................
.
— 10,829 — —
N
et periodic benefit cos
t
...................................................................................
.
$ 390 $ 4,179 $ (2,095) $ (3,275)
Changes recognized in other comprehensive income, pretax:
N
et actuarial gain (loss) ....................................................................................
.
$ 17,641 $ (105,150) $ 9,070 $ (13,535)
Reclassification adjustments for amounts recognized in net periodic benefit
cost ...............................................................................................................
.
1,478 10,829 (7,593) (9,748)
Total recognized in other comprehensive income .............................................
.
$ 19,119 $ (94,321) $ 1,477 $ (23,283)