DIRECTV 2006 Annual Report Download - page 102
Download and view the complete annual report
Please find page 102 of the 2006 DIRECTV annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
 |
 |
THE DIRECTV GROUP, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS —(continued)
The components of the pension benefit obligation and the other postretirement benefit obligation,
including amounts recognized in the Consolidated Balance Sheets, are shown below for the years ended
December 31:
Other
Postretirement
Pension Benefits Benefits
2006 2005 2006 2005
(Dollars in Millions)
Change in Net Benefit Obligation
Net benefit obligation at beginning of year .................. $488.1 $ 532.9 $ 26.2 $ 27.9
Service cost ......................................... 14.0 17.6 0.4 0.4
Interest cost ........................................ 27.1 28.0 1.5 1.6
Plan participants’ contributions ........................... 0.6 0.9 — —
Special termination benefits ............................. — 7.9 — —
Actuarial loss (gain) ................................... 13.1 13.2 2.4 (0.6)
Plan amendments .................................... 0.5 — — —
Benefits paid ........................................ (75.4) (112.4) (2.5) (3.1)
Net benefit obligation at end of year ...................... 468.0 488.1 28.0 26.2
Change in Plan Assets
Fair value of plan assets at beginning of year ................ 355.9 347.4 — —
Actual return on plan assets ............................. 45.5 29.9 — —
Employer contributions ................................ 67.1 90.1 2.5 3.1
Plan participants’ contributions ........................... 0.2 0.9 — —
Benefits paid ........................................ (75.4) (112.4) (2.5) (3.1)
Fair value of plan assets at end of year ..................... 393.3 355.9 — —
Funded status at end of year ............................ (74.7) (132.2) (28.0) (26.2)
Unamortized amount resulting from changes in plan provisions . . — 9.8 — (2.8)
Unamortized net amount resulting from changes in plan
experience and actuarial assumptions ................. — 89.8 — 0.6
Net liability at end of year ....................... $(74.7) $ (32.6) $(28.0) $(28.4)
Amounts recognized in the consolidated balance sheets consist of:
Accounts payable and accrued liabilities ................. $ (9.8) $ (16.9) $ (3.3) $ (2.6)
Other liabilities and deferred credits ................... (64.9) (81.3) (24.7) (25.8)
Intangible asset ................................... — 9.8 — —
Deferred tax assets ................................ 34.3 21.4 0.3 —
Accumulated other comprehensive loss .................. 56.5 34.4 0.5 —
Amounts recognized in the accumulated other comprehensive loss
consist of:
Minimum pension liability ........................... $ — $ 34.4 $ — $ —
Unamortized net amount resulting from changes in defined
benefit plan experience and actuarial assumptions, net of
taxes ......................................... 51.0 — 1.9 —
Unamortized amount resulting from changes in defined benefit
plan provisions, net of taxes ........................ 5.5 — (1.4) —
Total ....................................... $ 56.5 $ 34.4 $ 0.5 —
91