Pitney Bowes 2015 Annual Report Download - page 87

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
71
Pretax amounts recognized in AOCI consist of:
United States Foreign
2015 2014 2015 2014
Net actuarial loss $ 880,123 $ 918,641 $ 255,994 $ 253,257
Prior service credit (512)(144)(740)(806)
Transition asset ——(40)(49)
Total $ 879,611 $ 918,497 $ 255,214 $ 252,402
The estimated amounts that will be amortized from AOCI into net periodic benefit cost in 2016 are as follows:
United States Foreign
Net actuarial loss $ 26,824 $ 5,804
Prior service credit (60) (66)
Transition asset —(9)
Total $ 26,764 $ 5,729
The components of net periodic benefit cost (income) for defined benefit pension plans were as follows:
United States Foreign
2015 2014 2013 2015 2014 2013
Service cost $ 134 $ 6,908 $ 13,981 $ 2,229 $ 3,565 $ 6,272
Interest cost 74,331 77,655 74,370 24,261 28,518 27,365
Expected return on plan assets (104,004) (103,822)(107,608)(35,421)(39,137) (34,769)
Amortization of net transition asset ——— (9)(10)(9)
Amortization of prior service (credit) cost (60) 9 380 (66)(57) 112
Amortization of net actuarial loss 29,272 25,369 32,494 5,926 8,268 14,445
Special termination benefits —— 548 79 1,238 935
Settlement / curtailment 1,243 4,528 2,638 ———
Net periodic benefit cost (income) $ 916 $ 10,647 $ 16,803 $(3,001)$ 2,385 $ 14,351
Other changes in plan assets and benefit obligations for defined benefit pension plans recognized in other comprehensive income were
as follows:
United States Foreign
2015 2014 2015 2014
Net actuarial (gain) loss $(8,003)$ 214,593 $ 8,663 $ 61,525
Prior service credit (428)———
Amortization of net actuarial loss (29,272)(25,369)(5,926)(8,268)
Amortization of prior service credit (cost) 60 (9)66 57
Net transition asset ——910
Settlement / curtailment (1,243)(4,528)——
Total recognized in other comprehensive income $(38,886)$ 184,687 $ 2,812 $ 53,324