DIRECTV 2012 Annual Report Download - page 105

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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 loss’’ in the Consolidated Balance Sheets into net periodic
Balance Sheets, are shown below for the years ended December 31: benefit cost during the year ending December 31, 2013:
Other Pension
Pension Postretirement Benefits
Benefits Benefits (Dollars in Millions)
2012 2011 2012 2011 Expense resulting from changes in plan experience and actuarial
(Dollars in Millions) assumptions ................................. $27
Change in Net Benefit Obligation Expense resulting from changes in plan provisions ......... 1
Net benefit obligation at beginning of year ........ $583 $521 $23 $21
Service cost ............................ 32 25 1 1 The accumulated benefit obligation for all pension plans was $583 million at
Interest cost ........................... 30 29 1 1 December 31, 2012 and $531 million as of December 31, 2011.
Plan participants’ contributions ............... 1 1 — —
Actuarial (gain) loss ....................... 91 43 (3) 1 Information for pension plans with an accumulated benefit obligation in excess
Benefits paid ........................... (37) (36) (1) (1) of plan assets as of December 31:
Settlements ............................ (36) — — —
Net benefit obligation at end of year ............ 664 583 21 23 2012 2011
Change in Plan Assets (Dollars in Millions)
Fair value of plan assets at beginning of year ....... 448 429 — — Accumulated benefit obligation ..................... $93 $531
Actual return on plan assets ................. 49 14 — — Fair value of plan assets .......................... — 448
Employer contributions .................... 70 40 1 1
Plan participants’ contributions ............... 1 1 — — Information for pension plans with a projected benefit obligation in excess of
Benefits paid ........................... (37) (36) (1) (1)
Settlements ............................ (36) — — — plan assets as of December 31:
Fair value of plan assets at end of year ........... 495 448 — —
2012 2011
Funded status at end of year ................. $(169) $(135) $(21) $(23)
(Dollars in Millions)
Amounts recognized in the consolidated balance Projected benefit obligation ....................... $664 $583
sheets consist of: Fair value of plan assets ......................... 495 448
Accounts payable and accrued liabilities ......... $ (6) $ (6) $ (2) $ (2)
Other liabilities and deferred credits ........... (163) (129) (19) (21)
Deferred tax assets ...................... 115 94 — 1
Accumulated other comprehensive loss ......... 184 149 — 2
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 ................ 182 147 — 2
Unamortized amount resulting from changes in
defined benefit plan provisions, net of taxes .... 2 2 — —
Total ............................. $184 $149 $— $ 2
85