Time Warner Cable 2006 Annual Report Download - page 140
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Amounts recognized in the accompanying consolidated balance sheet as of December 31, 2006 consisted of (in
millions):
Noncurrent asset . . ........................................................ $132
Current liability . ......................................................... (1)
Noncurrent liability ........................................................ (31)
$100
Accumulated other comprehensive loss:
Net actuarial loss ....................................................... $217
Amounts recognized in the accompanying consolidated balance sheet as of December 31, 2005 consisted of (in
millions):
Prepaid benefit cost ....................................................... $320
Accrued benefit cost ....................................................... (35)
Accumulated other comprehensive loss ......................................... 11
Net amount recognized ..................................................... $296
Included in the change in benefit obligations table above are the following projected benefit obligations and
accumulated benefit obligations for the unfunded defined benefit pension plan (in millions):
2006 2005
As of December 31,
Projected benefit obligation ........................................ $33 $35
Accumulated benefit obligation ..................................... 35 35
The components of net periodic benefit cost from continuing operations are as follows (in millions):
2006 2005 2004
Year Ended December 31,
Service cost................................................ $63 $49 $43
Interest cost................................................ 58 51 44
Expected return on plan assets .................................. (73) (64) (47)
Amounts amortized .......................................... 29 21 20
Net periodic benefit cost ...................................... $77 $57 $60
The estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic
benefit cost in 2007 include an actuarial loss of $10 million.
Weighted-average assumptions used to determine benefit obligations at December 31, 2006, 2005 and 2004
are as follows:
2006 2005 2004
Discount rate ............................................ 6.00% 5.75% 6.00%
Rate of compensation increase . .............................. 4.50%
(a)
4.50% 4.50%
(a)
Actuarially determined table of rates that average to 4.50%.
135
TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)