DIRECTV 2010 Annual Report Download - page 105

DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
The components of the pension benefit obligation and the other We estimate that the following amounts will be amortized from accumulated
postretirement benefit obligation, including amounts recognized in the Consolidated other comprehensive income into net periodic benefit cost during the year ending
Balance Sheets, are shown below for the years ended December 31: December 31, 2011:
Other Other
Pension Postretirement Pension Postretirement
Benefits Benefits Benefits Benefits
2010 2009 2010 2009 (Dollars in Millions)
(Dollars in Millions) Expense resulting from changes in plan experience and
Change in Net Benefit Obligation actuarial assumptions ........................ $15 $—
Net benefit obligation at beginning of year ................. $498 $ 452 $ 21 $ 22 Expense resulting from changes in plan provisions ...... 1 —
Service cost ................................... 19 16 1 —
Interest cost ................................... 28 28 1 1 The accumulated benefit obligation for all pension plans was $479 million at
Plan participants’ contributions ........................ 1 1 — — December 31, 2010 and $456 million as of December 31, 2009.
Actuarial loss .................................. 11 48 1 —
Benefits paid .................................. (35) (47) (3) (2) Information for pension plans with an accumulated benefit obligation in excess
Change in plan ................................. (1) — — — of plan assets at December 31:
Net benefit obligation at end of year ..................... 521 498 21 21
2010 2009
Change in Plan Assets
(Dollars in Millions)
Fair value of plan assets at beginning of year ................ 374 283 — —
Actual return on plan assets .......................... 45 66 — — Accumulated benefit obligation .................... $62 $456
Employer contributions ............................ 45 72 3 2 Fair value of plan assets ......................... — 374
Benefits paid .................................. (35) (47) (3) (2)
Information for pension plans with a projected benefit obligation in excess of
Fair value of plan assets at end of year .................... 429 374 — — plan assets at December 31:
Funded status at end of year ......................... $(92) $(124) $(21) $(21)
2010 2009
Amounts recognized in the consolidated balance sheets consist of:
Accounts payable and accrued liabilities .................. $ (5)$ (8) $(2) $(2) (Dollars in Millions)
Other liabilities and deferred credits .................... (87) (116) (19) (19) Projected benefit obligation ....................... $521 $498
Deferred tax assets (liabilities) ....................... 74 80 — (1) Fair value of plan assets ......................... 429 374
Accumulated other comprehensive loss (gain) .............. 122 131 — (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 ....... $119 $ 127 $ — $ —
Unamortized amount resulting from changes in defined benefit plan
provisions, net of taxes .......................... 3 4 — (1)
Total .................................... $122 $ 131 $ — $ (1)
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