Delta Airlines 2009 Annual Report Download - page 99

Table of Contents
Postretirement Healthcare Plans. We sponsor healthcare plans that provide benefits to eligible retirees and their dependents who are under age 65. During
bankruptcy, we generally eliminated company-paid post age 65 healthcare coverage, except for (1) subsidies available to a limited group of retirees and their
dependents and (2) a group of retirees who retired prior to 1987. Benefits under these plans are funded from current assets and are subject to co-payments,
deductibles and other limits as described in the plans.
Postemployment Plans. We provide certain other welfare benefits to eligible former or inactive employees after employment, but before retirement,
primarily as part of the disability and survivorship plans. Substantially all employees are eligible for benefits under these disability and survivorship plans in
the event of a participant's death or disability.
Obligations, Fair Value of Plan Assets, and Funded Status (measured at December 31, 2009 and 2008) were:
Other Other
Postretirement Postemployment
Pension Benefits Benefits Benefits
December 31, December 31, December 31,
(in millions) 2009 2008 2009 2008 2009 2008
Benefit obligation at beginning of period(1) $ 15,929 $ 7,383 $ 1,306 $ 965 $ 1,970 $ 2,028
Obligations assumed in Merger — 7,469 — 501 — 58
Service cost — — 20 10 33 28
Interest cost 1,002 550 82 65 125 127
Actuarial loss (gain) 1,170 1,164 39 (147) 125 (132)
Benefits paid, including lump sums and annuities (1,021) (637) (186) (142) (142) (139)
Participant contributions — — 56 54 — —
Plan amendments — — (61) — 54 —
Special termination benefits — — 6 — — —
Settlements (49) — — — — —
Benefit obligation at end of period (1) $ 17,031 $ 15,929 $ 1,262 $ 1,306 $ 2,165 $ 1,970
Fair value of plan assets at beginning of period $ 7,295 $ 4,882 $ 4 $ — $ 1,048 $ 1,764
Assets acquired in Merger — 4,015 — 4 — —
Actual gain (loss) on plan assets 1,198 (1,090) — — 291 (497)
Employer contributions 200 125 129 88 29 1
Participant contributions — — 56 54 — —
Benefits paid, including lump sums and annuities (1,021) (637) (186) (142) (218) (220)
Settlements (49) — — — — —
Fair value of plan assets at end of period $ 7,623 $ 7,295 $ 3 $ 4 $ 1,150 $ 1,048
Funded status at end of period $ (9,408) $ (8,634) $ (1,259) $ (1,302) $ (1,015) $ (922)
(1) 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, 2009 and 2008 consist of:
Other Other
Postretirement Postemployment
Pension Benefits Benefits Benefits
December 31, December 31, December 31,
(in millions) 2009 2008 2009 2008 2009 2008
Liabilities
Current liabilities $ (13) $ (19) $ (110) $ (114) $ (32) $ (14)
Noncurrent liabilities (9,395) (8,615) (1,149) (1,188) (983) (908)
Total Liabilities $ (9,408) $ (8,634) $ (1,259) $ (1,302) $ (1,015) $ (922)
Accumulated other comprehensive (loss) income, pretax
Net (loss) gain $ (3,089) $ (2,546) $ 262 $ 320 $ (379) $ (484)
Prior service cost — — 61 (1) (54) —
Total other comprehensive (loss) income $ (3,089) $ (2,546) $ 323 $ 319 $ (433) $ (484)
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