Morgan Stanley 2015 Annual Report Download - page 237

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MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Summary of Funded Status.
Pension Plans
Other Postretirement
Plans
At
December 31,
2015
At
December 31,
2014
At
December 31,
2015
At
December 31,
2014
(dollars in millions)
Amounts recognized in the consolidated statements of financial condition
consist of:
Assets ....................................................... $382 $224 $— $—
Liabilities .................................................... (489) (526) (87) (75)
Net amount recognized ...................................... $(107) $(302) $(87) $(75)
Amounts recognized in accumulated other comprehensive loss consist of:
Prior service cost (credit) ........................................ $ (1) $ (1) $(34) $(61)
Net loss (gain) ................................................. 626 866 (2) (5)
Net loss (gain) recognized ................................... $625 $865 $(36) $(66)
The estimated prior service credit that will be amortized from accumulated other comprehensive loss into net periodic benefit
expense over 2016 is approximately $1 million for defined benefit pension plans and $17 million for other postretirement
plans. The estimated net loss that will be amortized from accumulated other comprehensive loss into net periodic benefit
expense over 2016 is approximately $12 million for defined benefit pension plans.
The accumulated benefit obligation for all defined benefit pension plans was $3,592 million and $3,988 million at
December 31, 2015 and December 31, 2014, respectively.
Pension Plans with Projected Benefit Obligations in Excess of the Fair Value of Plan Assets.
At December 31,
2015
At December 31,
2014
(dollars in millions)
Projected benefit obligation .................................................. $543 $626
Fair value of plan assets ..................................................... 54 100
Pension Plans with Accumulated Benefit Obligations in Excess of the Fair Value of Plan Assets.
At December 31,
2015
At December 31,
2014
(dollars in millions)
Accumulated benefit obligation ............................................... $531 $588
Fair value of plan assets ..................................................... 54 82
Weighted Average Assumptions Used to Determine Benefit Obligations.
Pension Plans
Other Postretirement
Plans
At
December 31,
2015
At
December 31,
2014
At
December 31,
2015
At
December 31,
2014
Discount rate ................................................... 4.27% 3.86% 4.13% 3.69%
Rate of future compensation increase ................................ 3.19% 2.85% N/A N/A
N/A—Not Applicable.
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