DIRECTV 2009 Annual Report Download - page 115
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DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
ages of 55 and 65. The health care plan is contributory with participants’ contributions subject to
adjustment annually; the life insurance plan is non-contributory.
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
2009 2008 2009 2008
(Dollars in Millions)
Change in Net Benefit Obligation
Net benefit obligation at beginning of year .................... $452 $430 $22 $24
Service cost ........................................... 16 16 — —
Interest cost .......................................... 28 27 1 1
Plan participants’ contributions ............................. 1 1 — —
Actuarial loss ......................................... 48 29 — —
Benefits paid .......................................... (47) (51) (2) (3)
Net benefit obligation at end of year ........................ 498 452 21 22
Change in Plan Assets
Fair value of plan assets at beginning of year ................... 283 368 — —
Actual return (loss) on plan assets .......................... 66 (85) — —
Employer contributions .................................. 72 51 2 3
Benefits paid .......................................... (47) (51) (2) (3)
Fair value of plan assets at end of year ....................... 374 283 — —
Funded status at end of year .............................. $(124) $(169) $(21) $(22)
Amounts recognized in the consolidated balance sheets consist of:
Accounts payable and accrued liabilities ..................... $ (8) $ (9) $ (2) $ (3)
Other liabilities and deferred credits ....................... (116) (160) (19) (19)
Deferred tax assets (liabilities) ........................... 80 79 (1) (1)
Accumulated other comprehensive loss (gain) ................ 131 129 (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 ........ $127 $125 $— $—
Unamortized amount resulting from changes in defined benefit plan
provisions, net of taxes ............................... 4 4 (1) (1)
Total ............................................ $131 $129 $ (1) $ (1)
103