Capital One 2012 Annual Report Download - page 246

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table sets forth, on an aggregated basis, changes in the benefit obligation and plan assets, the
funded status and 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:
At or For the Year Ended December 31,
2012 2011 2012 2011
(Dollars in millions) Defined Pension Benefits Other Postretirement Benefits
Change in benefit obligation:
Benefit obligation as of beginning of year ................ $198 $193 $ 67 $ 66
Service cost ....................................... 1100
Interest cost ....................................... 810 33
Plan amendments(1) ................................. 0030
Benefits paid ....................................... (18) (19) (4) (4)
Net actuarial loss (gain) .............................. 18 13 (2) 2
Benefit obligation as of end of year ..................... $207 $198 $ 67 $ 67
Change in plan assets:
Fair value of plan assets as of beginning of year ........... $214 $221 $7 $8
Actual return on plan assets ........................... 27 11 10
Employer contributions .............................. 1133
Benefits paid ....................................... (18) (19) (4) (4)
Fair value of plan assets as of end of year ................ $224 $214 $7 $7
Over (under) funded status as of end of year .............. $ 17 $ 16 $(60) $(60)
Balance sheet presentation:
Other assets ....................................... $ 30 $ 28 $0 $0
Other liabilities ..................................... (13) (12) (60) (60)
Net amount recognized as of end of year ................. $ 17 $ 16 $(60) $(60)
Accumulated benefit obligation at end of year .......... $207 $198 $0 $0
Components of net periodic benefit cost:
Service cost ....................................... $1 $1 $0 $0
Interest cost ....................................... 810 33
Expected return on plan assets ......................... (13) (15) (1) (1)
Amortization of transition obligation, prior service credit, and
net actuarial loss (gain) ............................ 21(3) (3)
Net periodic benefit gain ............................. $ (2) $ (3) $ (1) $ (1)
Changes recognized in other comprehensive income,
pretax:
Net actuarial gain (loss) .............................. $ (4) $ (17) $2 $ (2)
Prior service cost ................................... 00(3) 0
Reclassification adjustments for amounts recognized in net
periodic benefit cost ............................... 21(3) (3)
Total loss recognized in other comprehensive income ...... $ (2) $ (16) $ (4) $ (5)
(1) The other post retirement benefit plan was amended during 2012 to allow for participation by certain HSBC associates.
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