Capital One 2011 Annual Report Download - page 237

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED STATEMENTS—(Continued)
The following table sets forth, on an aggregated basis, changes in the benefit obligation and plan assets, how the
funded status is recognized in our consolidated balance sheets, and the components of the net periodic benefit
cost recognized in our consolidated statements of income:
Year Ended December 31,
2011 2010 2011 2010
(Dollars in millions) Defined Pension Benefits Other Postretirement Benefits
Change in benefit obligation:
Benefit obligation as of beginning of year ........ $193 $190 $ 66 $ 67
Service cost ............................... 1201
Interest cost ............................... 10 10 33
Benefits paid .............................. (19) (19) (4) (4)
Net actuarial loss (gain) ...................... 13 10 2(1)
Benefit obligation as of end of year ............. $198 $193 $ 67 $ 66
Change in plan assets:
Fair value of plan assets as of beginning of year . . . $221 $213 $8 $7
Actual return on plan assets ................... 11 26 01
Employer contributions ...................... 1134
Benefits paid .............................. (19) (19) (4) (4)
Fair value of plan assets as of end of year ........ $214 $221 $7 $8
Over (under) funded status as of end of year ...... $ 16 $ 28 $(60) $(58)
Balance sheet presentation:
Other assets ............................... $ 28 $ 39 $0 $0
Other liabilities ............................ (12) (11) (60) (58)
Net amount recognized as of end of year ........ $ 16 $ 28 $(60) $(58)
Accumulated benefit obligation at end of
year ................................... $198 $193 n/a n/a
Components of net periodic benefit cost:
Service cost ............................... $1 $2 $0 $1
Interest cost ............................... 10 10 33
Expected return on plan assets ................. (15) (15) (1) (1)
Amortization of transition obligation, prior service
credit, and net actuarial loss (gain) ........... 11(3) (3)
Net periodic benefit gain ..................... $ (3) $ (2) $ (1) $0
Changes recognized in other comprehensive
income, pretax:
Net actuarial (gain) loss ...................... $ (17) $1 $ (2) $1
Reclassification adjustments for amounts
recognized in net periodic benefit cost ........ 11(3) (3)
Total (gain) loss recognized in other
comprehensive income .................... $ (16) $2 $ (5) $ (2)
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