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TableofContents
Benefit Obligations, Fair Value of Plan Assets and Funded Status
PensionBenefits
OtherPostretirementand
PostemploymentBenefits
December31,
December31,
(inmillions) 2015 2014
2015 2014
Benefitobligationatbeginningofperiod $ 21,856 $ 19,060
$ 3,487 $ 3,205
Servicecost — —
62 52
Interestcost 884 928
141 155
Actuarial(gain)loss (1,061) 2,923
(88) 338
Benefitspaid,includinglumpsumsandannuities (1,059) (1,055)
(302) (307)
Participantcontributions — —
36 44
Settlements (9) —
— —
Benefitobligationatendofperiod(1) $ 20,611 $ 21,856
$ 3,336 $ 3,487
Fairvalueofplanassetsatbeginningofperiod $ 9,355 $ 8,937
$ 982 $ 1,043
Actual(loss)gainonplanassets (132) 556
(25) 57
Employercontributions 1,219 917
210 160
Participantcontributions — —
36 44
Benefitspaid,includinglumpsumsandannuities (1,059) (1,055)
(319) (322)
Settlements (9) —
— —
Fairvalueofplanassetsatendofperiod $ 9,374 $ 9,355 $ 884 $ 982
Fundedstatusatendofperiod $ (11,237) $ (12,501)
$ (2,452) $ (2,505)
(1) Attheendofeachyearpresented,ouraccumulatedbenefitobligationsforourpensionplansareequaltothebenefitobligationsshownabove.
During2015,netactuarialgainsdecreasedourbenefitobligationby$1.1billion.Thisdecreaseisprimarilyduetotheincreaseindiscountratesfrom2014to
2015.ThesegainsarerecordedinAOCIandreflectedinthetablebelow.During2014,netactuariallossesincreasedourbenefitobligationby$3.3billion.The
increaseinbenefitobligation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.
Anetactuariallossof$231millionwillbeamortizedfromAOCIintonetperiodicbenefitcostin2016.AmountsaregenerallyamortizedfromAOCIoverthe
expectedfuturelifetimeofplanparticipants.
Balance Sheet Position
PensionBenefits
OtherPostretirementand
PostemploymentBenefits
December31,
December31,
(inmillions) 2015 2014
2015 2014
Currentliabilities $ (27) $ (28)
$ (139) $ (139)
Noncurrentliabilities (11,210) (12,473)
(2,313) (2,366)
Totalliabilities $ (11,237) $ (12,501)
$ (2,452) $ (2,505)
Netactuarialloss $ (8,124) $ (8,409)
$ (458) $ (465)
Priorservicecredit — —
109 135
Totalaccumulatedothercomprehensiveloss,pre-tax $ (8,124) $ (8,409)
$ (349) $ (330)
79