Capital One 2015 Annual Report Download - page 210

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
191 Capital One Financial Corporation (COF)
The following table presents the components of net periodic benefit costs and other amounts recognized in other comprehensive
income.
Table 17.2: Components of Net Periodic Benefit Cost
Year Ended December 31,
2015 2014 2015 2014
(Dollars in millions)
Defined Pension
Benefits
Other Postretirement
Benefits
Components of net periodic benefit cost:
Service cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1 $ 1 $ 0 $ 0
Interest cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8822
Expected return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (15) (14) 00
Amortization of transition obligation, prior service credit and net actuarial loss (gain) . . . . . . . 11(4) (3)
Net periodic benefit gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (5) $ (4) $ (2) $ (1)
Changes recognized in other comprehensive income, pretax:
Net actuarial (loss) gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (5) $ (16) $ 7 $ (3)
Reclassification adjustments for amounts recognized in net periodic benefit cost . . . . . . . . . . . 11(4) (3)
Total (loss) gain recognized in other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (4) $ (15) $ 3 $ (6)
Pre-tax amounts recognized in AOCI that have not yet been recognized as a component of net periodic benefit cost consist of the
following:
Table 17.3: Amounts Recognized in AOCI
December 31,
2015 2014 2015 2014
(Dollars in millions)
Defined Pension
Benefits
Other Postretirement
Benefits
Prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0 $ 0 $ (2) $ (1)
Net actuarial (loss) gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (71) (67) 12 8
Accumulated other comprehensive (loss) income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (71) $ (67) $ 10 $ 7
Pre-tax amounts recorded in AOCI as of December 31, 2015 that are expected to be recognized as a component of our net periodic
benefit cost in 2016 consist of the following:
Table 17.4: Estimated Amortization of Unamortized Actuarial Gains and Losses - 2016
2016 Estimate
(Dollars in millions)
Defined
Pension
Benefits
Other
Postretirement
Benefits
Prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0 $ 1
Net actuarial (loss) gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) 3
Net (loss) gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (1) $ 4
The following table presents weighted-average assumptions used in the accounting for the plans: