DIRECTV 2007 Annual Report Download - page 94
Download and view the complete annual report
Please find page 94 of the 2007 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
 |
 |
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
Pension Postretirement
Benefits Benefits
2007 2006 2007 2006
(Dollars in Millions)
Change in Net Benefit Obligation
Net benefit obligation at beginning of year ..................... $468 $488 $ 28 $ 26
Service cost ............................................ 18 14 — —
Interest cost ............................................ 28 27 1 2
Plan participants’ contributions .............................. 1 1 — —
Actuarial loss (gain) ...................................... (27) 13 (3) 2
Plan amendments ........................................ — — — —
Benefits paid ........................................... (58) (75) (2) (2)
Net benefit obligation at end of year .......................... 430 468 24 28
Change in Plan Assets
Fair value of plan assets at beginning of year .................... 393 356 — —
Actual return on plan assets ................................ 22 45 — —
Employer contributions .................................... 11 67 2 2
Plan participants’ contributions .............................. — — — —
Benefits paid ........................................... (58) (75) (2) (2)
Fair value of plan assets at end of year ........................ 368 393 — —
Funded status at end of year ................................ $(62) $(75) $(24) $(28)
Amounts recognized in the consolidated balance sheets consist of:
Investments and other assets ............................ $ 2 $ — $— $—
Accounts payable and accrued liabilities .................... (10) (10) (3) (3)
Other liabilities and deferred credits ....................... (54) (65) (21) (25)
Deferred tax assets ................................... 26 34 (1) —
Accumulated other comprehensive loss ..................... 42 57 (1) 1
Amounts recognized in the accumulated other comprehensive loss
consist of:
Unamortized net amount resulting from changes in defined benefit
plan experience and actuarial assumptions, net of taxes ....... $ 37 $ 51 $— $ 2
Unamortized amount resulting from changes in defined benefit
plan provisions, net of taxes ........................... 5 6 (1) (1)
Total .......................................... $ 42 $ 57 $ (1) $ 1
85