Delta Airlines 2007 Annual Report Download - page 113

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Table of Contents
Index to Financial Statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Net periodic (benefit) cost for the eight months ended December 31, 2007, the four months ended April 30, 2007 and the years ended December 31,
2006 and 2005 included the following components:
Pension Benefits
Successor Predecessor
(in millions)
Eight Months
Ended
December 31,
2007
Four Months
Ended
April 30,
2007
Year Ended December 31,
2006 2005
Service cost $ — $ — $ 34 $ 155
Interest cost 296 145 712 715
Expected return on plan assets (281) (129) (520) (598)
Amortization of prior service cost — — 1 3
Recognized net actuarial loss — 19 226 179
Amortization of net transition obligation — — — 6
Settlement (gain) charge, net — (30) (1,282) 388
Curtailment loss — — — 434
Revaluation of liability — (143) — —
Net periodic (benefit) cost $ 15 $ (138) $ (829) $ 1,282
Other Postretirement Benefits
Successor Predecessor
(in millions)
Eight Months
Ended
December 31,
2007
Four Months
Ended
April 30,
2007
Year Ended December 31,
2006 2005
Service cost $ 8 $ 4 $ 17 $ 17
Interest cost 42 21 97 114
Amortization of prior service benefit — (31) (44) (41)
Recognized net actuarial loss — 8 8 13
Revaluation of liability — 49 — —
Net periodic cost $ 50 $ 51 $ 78 $ 103
Other Postemployment Benefits
Successor Predecessor
(in millions)
Eight Months
Ended
December 31,
2007
Four Months
Ended
April 30,
2007
Year Ended December 31,
2006 2005
Service cost $ 21 $ 8 $ 45 $ 64
Interest cost 82 41 125 136
Expected return on plan assets (104) (51) (163) (165)
Amortization of prior service benefit — (2) (2) —
Recognized net actuarial loss — 5 9 20
Revaluation of liability — (273) — —
Net periodic (benefit) cost $ (1) $ (272) $ 14 $ 55
During 2007, as a result of the adoption of fresh start reporting upon emergence from bankruptcy, we completed a revaluation of the pension,
postretirement, and postemployment liabilities, resulting in a net reorganization gain of $367 million. We also recorded in reorganization items, net, a
settlement gain of $30 million related to the rejection of our non-qualified plans.
F-53