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Comcast Corporation
additional contribution of $20 million and recorded expenses of $27 million in other operating and admin-
istrative expenses.
Other
In August 2013, we settled all of our obligations related to the termination in February 2012 of the qualified
pension plan that provided benefits to former employees of a company we acquired as part of the AT&T
Broadband transaction in 2002. In connection with this final settlement, we fully funded the plan with an addi-
tional contribution of $55 million and recorded expenses of $74 million in other operating and administrative
expenses, which was previously recorded in accumulated other comprehensive income (loss).
Other Employee Benefits
Deferred Compensation Plans
We maintain unfunded, nonqualified deferred compensation plans for certain members of management and
nonemployee directors (each, a “participant”). The amount of compensation deferred by each participant is
based on participant elections. Participant accounts, except for those in the NBCUniversal plan, are credited
with income primarily based on a fixed annual rate. Participants in the NBCUniversal plan designate one or
more valuation funds, independently established funds or indices that are used to determine the amount of
investment gain or loss in the participant’s account. Participants are eligible to receive distributions from their
account based on elected deferral periods that are consistent with the plans and applicable tax law.
The table below presents the benefit obligation and interest expense for our deferred compensation plans.
Year ended December 31 (in millions) 2015 2014 2013
Benefit obligation $ 2,038 $ 1,774 $ 1,434
Interest expense $ 171 $ 149 $ 128
We have purchased life insurance policies to recover a portion of the future payments related to our deferred
compensation plans. As of December 31, 2015 and 2014, the cash surrender value of these policies, which
is recorded to other noncurrent assets, was $658 million and $628 million, respectively.
Retirement Investment Plans
We sponsor several 401(k) defined contribution retirement plans that allow eligible employees to contribute a
portion of their compensation through payroll deductions in accordance with specified plan guidelines. We
make contributions to the plans that include matching a percentage of the employees’ contributions up to
certain limits. In 2015, 2014 and 2013, expenses related to these plans totaled $416 million, $379 million and
$324 million, respectively.
Split-Dollar Life Insurance Agreements
Pursuant to pre-existing contractual obligations, we have collateral assignment split-dollar life insurance
agreements with select key current and former employees that require us to incur certain insurance-related
costs. Under some of these agreements, our obligation to provide benefits to the employees extends beyond
retirement.
The table below presents the benefit obligation and expenses related to our split-dollar life insurance agree-
ments.
Year ended December 31 (in millions) 2015 2014 2013
Benefit obligation $ 233 $ 217 $ 212
Other operating and administrative expenses $67 $52 $50
103 Comcast 2015 Annual Report on Form 10-K