Delta Airlines 2008 Annual Report Download - page 117
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Table of Contents
Index to Financial Statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
At each period-end presented above, our accumulated benefit obligations for our pension plans are equal to the benefit obligations shown above.
Amounts recognized on our Consolidated Balance Sheets as of December 31, 2008 and 2007 consist of:
Pension Benefits
Other
Postretirement
Benefits
Other
Postemployment
Benefits
December 31, December 31, December 31,
(in millions) 2008 2007 2008 2007 2008 2007
Assets
Noncurrent assets $ — $ — $ — $ — $ — $ 100
Total Assets $ — $ — $ — $ — $ — $ 100
Liabilities
Current liabilities (19) — (114) (97) (14) —
Noncurrent liabilities (8,615) (2,501) (1,188) (868) (908) (364)
Total Liabilities $ (8,634) $ (2,501) $ (1,302) $ (965) $ (922) $ (364)
Accumulated other comprehensive (loss) income, pretax
Net (loss) gain $ (2,546) $ 185 $ 320 $ 178 $ (484) $ 32
Prior service (cost) credit — — (1) — — —
Total other comprehensive (loss) income $ (2,546) $ 185 $ 319 $ 178 $ (484) $ 32
Estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2009 are actuarial losses of
$33 million and $18 million in pension and other postemployment benefits, respectively, and an actuarial gain of $18 million relating to other postretirement
benefits.
Net periodic cost (benefit) for the year ended December 31, 2008, the eight months ended December 31, 2007, the four months ended April 30, 2007
and the year ended December 31, 2006 included the following components:
Pension Benefits
Successor Predecessor
(in millions)
Year Ended
December 31,
2008
Eight Months
Ended
April 30,
2007
Four Months
Ended
April 30,
2007
Year Ended
December 31,
2006
Service cost $ — $ — $ — $ 34
Interest cost 550 296 145 712
Expected return on plan assets (479) (281) (129) (520)
Amortization of prior service cost — — — 1
Recognized net actuarial loss — — 19 226
Settlement (gain) charge, net 3 — (30) (1,282)
Revaluation of liability — — (143) —
Net periodic cost (benefit) $ 74 $ 15 $ (138) $ (829)
Defined contribution plan costs 211 128 36 115
Total cost (benefit) $ 285 $ 143 $ (102) $ (714)
F-47