Comcast 2014 Annual Report Download - page 175

Table of Contents
NBCUniversal Media, LLC
In 2014, 2013 and 2012, the total contributions we made to multiemployer pension plans were $58 million, $59 million and $40
million, respectively. In 2014, 2013 and 2012, the total contributions we made to multiemployer postretirement and other benefit
plans were $125 million, $98 million and $114 million, respectively.
If we cease to be obligated to make contributions or were to otherwise withdraw from participation in any of these plans, applicable
law would require us to fund our allocable share of the unfunded vested benefits, which is known as a withdrawal liability. In
addition, actions taken by other participating employers may lead to adverse changes in the financial condition of one of these
plans, which could result in an increase in our withdrawal liability.
Severance Benefits
We provide severance benefits to certain former employees. A liability is recorded for benefits provided when payment is probable,
the amount is reasonably estimable, and the obligation relates to rights that have vested or accumulated. In 2014, 2013 and 2012,
we recorded severance costs of $113 million, $116 million and $90 million, respectively.
Note 13: Share-Based Compensation
The tables below provide condensed information on our share-based compensation.
Recognized Share-Based Compensation Expense
As of December 31, 2014, we had unrecognized pretax compensation expense of $25 million related to nonvested Comcast stock
options and unrecognized pretax compensation expense of $124 million related to nonvested Comcast restricted share units
(“RSUs”) that will be recognized over a weighted-average period of approximately 2.1 years and 1.6 years, respectively.
Comcast maintains share-
based compensation plans that primarily consist of awards of stock options and RSUs to certain
employees and directors as part of its approach to long-
term incentive compensation. Awards generally vest over a period of 5
years and in the case of stock options, have a 10 year term. Additionally, through its employee stock purchase plans, employees
are able to purchase shares of Comcast Class A common stock at a discount through payroll deductions. Certain of our employees
participate in these plans and the expense associated with their participation is settled in cash with Comcast.
Year ended December 31 (in millions)
2014
2013
2012
Stock options
$
16
$
15
$
15
Restricted share units
69
42
28
Employee stock purchase plans
6
5
4
Total
$
91
$
62
$
47
Comcast 2014 Annual Report on Form 10
-
K
170