Morgan Stanley 2009 Annual Report Download - page 212

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(2) Pension amounts included in discontinued operations were $1 million.
(3) Change in actuarial gain under benefit obligation is primarily attributed to an increase in the discount rates as of December 31, 2009.
(4) Transfers and divestitures primarily related to the impact of MSCI and the formation of MSSB.
The following table presents a summary of the funded status as of December 31, 2009 and December 31, 2008:
Pension Postretirement
December 31,
2009
December 31,
2008
December 31,
2009
December 31,
2008
(dollars in millions)
Funded status:
Funded/(Unfunded status) .................... $(224) $ 81 $(203) $(215)
Amounts recognized in the consolidated statements of
financial condition consist of:
Assets .................................... $107 $426 $— $—
Liabilities ................................. (331) (345) (203) (215)
Net amount recognized ................... $(224) $ 81 $(203) $(215)
Amounts recognized in accumulated other
comprehensive loss consist of:
Prior service credit .......................... $ (61) $ (55) $ (5) $ (6)
Net loss ................................... 844 382 33 61
Net loss recognized ...................... $783 $327 $ 28 $ 55
The estimated prior-service credit that will be amortized from Accumulated other comprehensive loss into net
periodic benefit cost over 2010 is approximately $10 million for defined benefit pension plans and $1 million for
postretirement plans. The estimated net loss that will be amortized from Accumulated other comprehensive loss
into net periodic benefit cost over 2010 is approximately $25 million for defined benefit pension plans and
$1 million for postretirement plans.
The accumulated benefit obligation for all defined benefit pension plans was $2,507 million and $2,532 million
as of December 31, 2009 and December 31, 2008, respectively.
The following table contains information for pension plans with projected benefit obligations in excess of the fair
value of plan assets as of period-end:
December 31,
2009
December 31,
2008
(dollars in millions)
Projected benefit obligation .................................... $385 $390
Fair value of plan assets ....................................... 54 45
The following table contains information for pension plans with accumulated benefit obligations in excess of the
fair value of plan assets as of period-end:
December 31,
2009
December 31,
2008
(dollars in millions)
Accumulated benefit obligation ................................. $346 $352
Fair value of plan assets ....................................... 45 45
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