Fannie Mae 2010 Annual Report Download - page 348

The following table displays components of our net periodic benefit cost for our qualified and nonqualified
pension plans and other postretirement plan for the years ended December 31, 2010, 2009 and 2008. The net
periodic benefit cost for each period is calculated based on assumptions at the end of the prior year.
Pension
Plans
Other Post-
Retirement
Plan
Pension
Plans
Other Post-
Retirement
Plan
Pension
Plans
Other Post-
Retirement
Plan
2010 2009 2008
For the Year Ended December 31,
(Dollars in millions)
Servicecost.......................... $37 $ 6 $37 $ 5 $46 $ 5
Interest cost. . . . . . . . . . . . . . . . . . . . . . . . . . 66 9 62 9 58 9
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (51) (2) (22) (2) (59) 1
Net periodic benefit cost . . . . . . . . . . . . . . . $ 52 $13 $ 77 $12 $ 45 $15
Prior service costs, which are changes in benefit obligations due to plan amendments, are amortized over the
average remaining service period for active employees for our pension plans and prior to the full eligibility
date for the other postretirement Health Care Plan.
The following table displays amounts recorded in AOCI that have not been recognized as a component of net
periodic benefit cost for the years ended December 31, 2010 and 2009.
Pension
Plans
Other Post-
Retirement
Plan
Pension
Plans
Other Post-
Retirement
Plan
2010 2009
As of December 31,
(Dollars in millions)
Net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $218 $ 42 $162 $ 39
Net prior service cost (credit) . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (56) 7 (61)
Net transition obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 4 — 5
Pre-tax amount recorded in AOCI . . . . . . . . . . . . . . . . . . . . . . . $224 $(10) $169 $(17)
After-tax amount recorded in AOCI
(1)
. . . . . . . . . . . . . . . . . . . . $224 $(10) $169 $(17)
(1)
During 2008, we established a valuation allowance for our deferred tax assets, which has resulted in the reversal of the
tax benefit amounts recorded in AOCI for our pension and other postretirement plans. Refer to “Note 11, Income
Taxes” for additional information.
F-90
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)