Energy Transfer 2015 Annual Report Download - page 226

Table of Contents
The following table summarizes information at the dates indicated for plans with an accumulated benefit obligation in excess of plan assets:
December 31, 2015
December 31, 2014
Pension Benefits
Pension Benefits
Funded Plans
Unfunded Plans
Other
Postretirement
Benefits
Funded Plans
Unfunded Plans
Other
Postretirement
Benefits
Projected benefit
obligation $ 20
$ 57
N/A
$ 718
$ 65
N/A
Accumulated benefit
obligation 20
57
$ 180
718
65
$ 202
Fair value of plan
assets 15
—
253
598
—
265
Components of Net Periodic Benefit Cost
December 31, 2015
December 31, 2014
Pension Benefits
Other Postretirement
Benefits
Pension Benefits
Other Postretirement
Benefits
Net periodic benefit cost:
Interest cost $ 25
$ 4
$ 31
$ 5
Expected return on plan assets (16)
(8)
(40)
(8)
Prior service cost amortization —
1
—
1
Actuarial loss amortization —
—
(1)
(1)
Settlements 32
—
(4)
—
Net periodic benefit cost $ 41
$ (3)
$ (14)
$ (3)
Assumptions
The weighted-average assumptions used in determining benefit obligations at the dates indicated are shown in the table below:
December 31, 2015
December 31, 2014
Pension Benefits
Other Postretirement
Benefits
Pension Benefits
Other Postretirement
Benefits
Discount rate 3.59%
2.38%
3.62%
2.24%
Rate of compensation increase N/A
N/A
N/A
N/A
The weighted-average assumptions used in determining net periodic benefit cost for the periods presented are shown in the table below:
December 31, 2015
December 31, 2014
Pension Benefits
Other Postretirement
Benefits
Pension Benefits
Other Postretirement
Benefits
Discount rate 3.65%
2.79%
4.65%
3.02%
Expected return on assets:
Tax exempt accounts 7.50%
7.00%
7.50%
7.00%
Taxable accounts N/A
4.50%
N/A
4.50%
Rate of compensation increase N/A
N/A
N/A
N/A
F - 65