DIRECTV 2007 Annual Report Download - page 96
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THE DIRECTV GROUP, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
Components of net periodic benefit cost for the years ended December 31:
Other
Postretirement
Pension Benefits Benefits
2007 2006 2005 2007 2006 2005
(Dollars in Millions)
Components of net periodic benefit cost
Benefits earned during the year ........................... $18 $14 $18 $— $— $—
Interest accrued on benefits earned in prior years .............. 28 27 28 1 2 2
Expected return on plan assets ............................ (33) (29) (28) — — —
Amortization components
Amount resulting from changes in plan provisions ...........112(1)(1)(1)
Net amount resulting from changes in plan experience and
actuarial assumptions ..............................656———
Subtotal ...................................... 20 18 26 — 1 1
Other costs
Curtailment costs ..................................——————
Special termination benefits ........................... — — 8 — — —
Settlement costs ...................................——15———
Net periodic benefit cost ................................ $20 $18 $49 $— $ 1 $ 1
Additional information
Increase in minimum liability included in other comprehensive
income (loss), net of taxes .............................. $— $24 $ 7 $— $— $—
Net periodic pension benefit costs for 2007 includes one month of expense, that was recorded as
an adjustment to ‘‘Accumulated deficit’’ in the Consolidated Balance Sheets ($1 million after tax)
related to the adoption of the measurement date provisions of SFAS No. 158 discussed in Note 2.
Special termination and settlement costs in 2005 relate primarily to the divestiture of the HNS business
described in Note 3.
Assumptions
Weighted-average assumptions used to determine benefit obligations at December 31:
Other
Pension Postretirement
Benefits Benefits
2007 2006 2007 2006
Discount rate—Qualified Plans .............................. 6.22% 5.67% 5.76% 5.43%
Discount rate—Non-Qualified Plans ........................... 6.24% 5.69% — —
Rate of compensation increase ............................... 4.00% 4.00% 4.00% 4.00%
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