Delta Airlines 2006 Annual Report Download - page 114

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
Amounts recognized in accumulated other comprehensive loss consist of:
Pension
Benefit
Other
Postretirement
Benefit
Other
Postemployment
Benefit
(in millions) 2006 2005 2006 2005 2006 2005
Net actuarial loss $ 1,583 $ — $ 645 $ — $ 287 $ —
Prior service cost (credit) 6 — (1,311) — (63) —
Additional minimum liability — 4,108 — — — —
Recognized in accumulated other comprehensive loss, pretax $ 1,589 $ 4,108 $ (666) $ — $ 224 $ —
Estimated amounts that will be amortized from accumulated other comprehensive loss, pre tax into net periodic cost (benefit) in 2007 (measured at September
30) are as follows:
(in millions)
Pension
Benefit
Other
Postretirement
Benefit
Other
Postemployment
Benefit
Net actuarial loss $ 54 $ 30 $ 15
Prior service cost (credit) 1 (98) (6)
Amount to be amortized into net periodic cost (benefit) $ 55 $ (68) $ 9
The accumulated benefit obligation for all our defined benefit pension plans was $7.6 billion and $12.8 billion at December 31, 2006 and 2005,
respectively. The following table contains information about our pension plans with an accumulated benefit obligation in excess of plan assets (measured at
September 30):
(in millions) 2006 2005
Projected benefit obligation $ 7,555 $ 12,893
Accumulated benefit obligation 7,555 12,844
Fair value of plan assets 4,590 6,521
Net periodic (benefit) cost for the years ended December 31, 2006, 2005 and 2004 included the following components:
Pension
Benefit
Other
Postretirement
Benefit
Other
Postemployment
Benefit
(in millions) 2006 2005 2004 2006 2005 2004 2006 2005 2004
Service cost $ 34 $ 155 $ 233 $ 17 $ 17 $ 28 $ 45 $ 64 $ 86
Interest cost 712 715 757 97 114 121 125 136 128
Expected return on plan assets (520) (598) (657) — — — (163) (165) (154)
Amortization of prior service cost (benefit) 1 3 15 (44) (41) (79) (2) — —
Recognized net actuarial loss 226 179 194 8 13 6 9 20 29
Amortization of net transition obligation — 6 7 — — — — — —
Settlement (gain) charge, net (1,282) 388 257 — — — — — —
Curtailment loss (gain) — 434 — — — (527) — — —
Special termination benefits — — 10 — — 142 — — —
Net periodic (benefit) cost $ (829) $ 1,282 $ 816 $ 78 $ 103 $ (309)$ 14 $ 55 $ 89
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