DELPHI 2015 Annual Report Download - page 117

Table of Contents
95
The projected benefit obligation (“PBO”), accumulated benefit obligation (“ABO”), and fair value of plan assets for
pension plans with accumulated benefit obligations in excess of plan assets and with plan assets in excess of accumulated
benefit obligations are as follows:
U.S. Plans Non-U.S. Plans
2015 2014 2015 2014
(in millions)
Plans with ABO in Excess of Plan Assets
PBO ..................................................................................... $ 50 $ 60 $ 1,899 $ 2,092
ABO..................................................................................... 50 60 1,713 1,870
Fair value of plan assets at end of year................................ — — 1,087 1,133
Plans with Plan Assets in Excess of ABO
PBO ..................................................................................... $ — $ — $ 133 $ 146
ABO..................................................................................... — — 92 98
Fair value of plan assets at end of year................................ — — 122 131
Total
PBO ..................................................................................... $ 50 $ 60 $ 2,032 $ 2,238
ABO..................................................................................... 50 60 1,805 1,968
Fair value of plan assets at end of year................................ — — 1,209 1,264
Benefit costs presented below were determined based on actuarial methods and included the following:
U.S. Plans
Year Ended December 31,
2015 2014 2013
(in millions)
Interest cost ..................................................................................................... $ 1 $ 2 $ 2
Amortization of actuarial losses...................................................................... 1——
Net periodic benefit cost ............................................................................ $ 2 $ 2 $ 2
Non-U.S. Plans
Year Ended December 31,
2015 2014 2013
(in millions)
Service cost ..................................................................................................... $ 57 $ 57 $ 53
Interest cost ..................................................................................................... 77 94 85
Expected return on plan assets ........................................................................ (77)(77)(70)
Settlement loss (1)........................................................................................... 11 3 2
Curtailment (gain) loss.................................................................................... (3) 2 —
Amortization of actuarial losses...................................................................... 18 8 7
Other................................................................................................................ — — 1
Net periodic benefit cost ............................................................................ $ 83 $ 87 $ 78
(1) Settlement loss for the year ended December 31, 2015 primarily relates to amounts recognized related to the divestiture of the Company's Reception
Systems business, as further described in Note 20. Acquisitions and Divestitures.
Other postretirement benefit obligations were approximately $3 million and $5 million at December 31, 2015 and 2014,
respectively.
Experience gains and losses, as well as the effects of changes in actuarial assumptions and plan provisions are recognized
in other comprehensive income. Cumulative gains and losses in excess of 10% of the PBO for a particular plan are amortized
over the average future service period of the employees in that plan. The estimated actuarial loss for the defined benefit pension
plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2016 is $15
million.