Capital One 2014 Annual Report Download - page 242
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Table 16.1: Changes in Benefit Obligation and Plan Assets
Defined Pension Other Postretirement
Benefits Benefits
(Dollars in millions) 2014 2013 2014 2013
Change in benefit obligation:
Benefit obligation as of January 1, . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 185 $ 207 $ 53 $ 67
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1100
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8722
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17) (17) (3) (4)
Net actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 (13) 3(12)
Benefit obligation as of December 31, . . . . . . . . . . . . . . . . . . . . . . . . . $ 204 $ 185 $ 55 $ 53
Change in plan assets:
Fair value of plan assets as of January 1, . . . . . . . . . . . . . . . . . . . . . . . . $ 230 $ 224 $ 7 $ 7
Actual return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22 01
Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1133
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17) (17) (3) (4)
Fair value of plan assets as of December 31, . . . . . . . . . . . . . . . . . . . . . $ 239 $ 230 $ 7 $7
Over (under) funded status as of December 31, . . . . . . . . . . . . . . . . . . $ 35 $ 45 $ (48) $ (46)
Defined Pension Other Postretirement
Benefits Benefits
(Dollars in millions) 2014 2013 2014 2013
Balance sheet presentation as of December 31,
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 48 $ 56 $0$0
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13) (11) (48) (46)
Net amount recognized as of December 31, . . . . . . . . . . . . . . . . . . . . . $ 35 $ 45 $ (48) $ (46)
Accumulated benefit obligation as of December 31, . . . . . . . . . . . . . $ 204 $ 185 $ 0 $0
220
CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital One Financial Corporation (COF)