The Hartford 2015 Annual Report Download - page 218

Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
16. Employee Benefit Plans (continued)
F-87
The following table provides information for the Company's defined benefit pension plans with an accumulated benefit obligation in
excess of plan assets.
As of December 31,
2015 2014
Projected benefit obligation $ 5,734 $ 6,025
Accumulated benefit obligation 5,732 6,024
Fair value of plan assets 4,430 4,707
As of December 31, 2015, pension and other postretirement benefits plan assets totaling $4.6 billion were invested in the separate accounts
of HLIC.
Amounts recognized in the Company's Consolidated Balance Sheets consist of:
Pension Benefits Other Postretirement Benefits
As of December 31,
2015 2014 2015 2014
Other liabilities $ 1,304 $ 1,318 $ 139 $ 142
Components of Net Periodic Benefit Cost (Benefit) and Other Amounts Recognized in Other Comprehensive Income (Loss)
Net periodic benefit cost (benefit) includes the following components:
Pension Benefits Other Postretirement Benefits
For the years ended December 31,
2015 2014 2013 2015 2014 2013
Service cost $ 2 $ 2 $ 1 $ — $ — $ —
Interest cost 235 258 238 12 14 11
Expected return on plan assets (311)(325)(315)(12)(14) (14)
Amortization of prior service credit — — — (7)(7) (7)
Amortization of actuarial loss 60 45 59 5 5 2
Settlements — 128 — — — —
Net periodic benefit cost (benefit) $ (14) $ 108 $ (17) $ (2) $ (2) $ (8)
Amounts recognized in other comprehensive income (loss) were as follows:
Pension Benefits Other Postretirement Benefits
For the years ended December 31,
2015 2014 2015 2014
Amortization of actuarial loss $ 60 $ 45 $ 5 $ 5
Settlement loss — 128 — —
Amortization of prior service credit — — (7) (7)
Net loss arising during the year (185)(622)(3) (51)
Total $ (125) $ (449) $ (5) $ (53)