Delta Airlines 2014 Annual Report Download - page 85

Benefit Obligations, Fair Value of Plan Assets and Funded Status
During 2014 , net actuarial losses increased our benefit obligation by $3.3 billion . This increase is primarily due to the decrease in discount rates
from 2013 to 2014 and changes in life expectancy assumptions. These losses are recorded in AOCI and reflected in the table below. For additional
information about life expectancy assumptions, see “Life Expectancy” below.
Estimated amounts that will be amortized from AOCI into net periodic benefit cost in 2015 are a net actuarial loss of $230 million . Amounts are
generally amortized from AOCI over the expected future lifetime of plan participants.
Balance Sheet Position
78
Pension Benefits
Other Postretirement and
Postemployment Benefits
December 31,
December 31,
(in millions) 2014 2013
2014 2013
Benefit obligation at beginning of period
$
19,060
$
21,489
$
3,205
$
3,582
Service cost —
—
52
49
Interest cost
928
861
155
143
Actuarial loss (gain)
2,923
(2,212
)
338
(301
)
Benefits paid, including lump sums and annuities
(1,055
)
(1,078
)
(307
)
(313
)
Participant contributions —
—
44
45
Benefit obligation at end of period
(1)
$
21,856
$
19,060
$
3,487
$
3,205
Fair value of plan assets at beginning of period
$
8,937
$
8,196
$
1,043
$
1,004
Actual gain on plan assets
556
905
57
129
Employer contributions
917
914
160
191
Participant contributions —
—
44
45
Benefits paid, including lump sums and annuities
(1,055
)
(1,078
)
(322
)
(326
)
Fair value of plan assets at end of period
$
9,355
$
8,937
$
982
$
1,043
Funded status at end of period
$
(12,501
)
$
(10,123
)
$
(2,505
)
$
(2,162
)
(1)
At the end of each year presented, our accumulated benefit obligations for our pension plans are equal to the benefit obligations shown above.
Pension Benefits Other Postretirement and
Postemployment Benefits
December 31, December 31,
(in millions) 2014 2013 2014 2013
Current liabilities
$
(28
)
$
(22
)
$
(139
)
$
(139
)
Noncurrent liabilities
(12,473
)
(10,101
)
(2,366
)
(2,023
)
Total liabilities
$
(12,501
)
$
(10,123
)
$
(2,505
)
$
(2,162
)
Net actuarial loss
$
(8,409
)
$
(5,349
)
$
(465
)
$
(103
)
Prior service credit
—
—
135
161
Total accumulated other comprehensive income (loss), pre-tax
$
(8,409
)
$
(5,349
)
$
(330
)
$
58