Travelers 2011 Annual Report Download - page 240

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
13. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS (Continued)
The following table summarizes the components of net periodic benefit cost and other amounts
recognized in accumulated other changes in equity from nonowner sources related to the benefit plans
for the years ended December 31, 2011, 2010 and 2009.
Postretirement
Pension Plans Benefit Plans
(in millions) 2011 2010 2009 2011 2010 2009
Net Periodic Benefit Cost:
Service cost ................................... $98 $96 $80 $— $1 $1
Interest cost on benefit obligation ................... 135 128 125 13 14 17
Expected return on plan assets ..................... (182) (185) (176) (1) (1) (1)
Amortization of unrecognized:
Prior service benefit ............................ —(3) (6) ———
Net actuarial loss .............................. 76 60 22 ———
Net benefit expense .......................... $ 127 $96 $45 $12 $14 $17
Other Changes in Benefit Plan Assets and Benefit
Obligations Recognized in Accumulated Other Changes
in Equity from Nonowner Sources:
Prior service benefit ............................. $— $— $— $— $— $—
Net actuarial loss (gain) .......................... 388 27 147 (5) (8) (5)
Amortization of prior service benefit ................. —36———
Amortization of net actuarial loss ................... (76) (60) (22) ———
Total other changes recognized in accumulated other
changes in equity from nonowner sources ......... 312 (30) 131 (5) (8) (5)
Total other changes recognized in net benefit expense
and accumulated other changes in equity from
nonowner sources .......................... $ 439 $ 66 $ 176 $7 $ 6 $12
For the defined benefit pension plans, the estimated net actuarial loss that will be amortized from
other changes in equity from nonowner sources into net periodic benefit cost over the next fiscal year is
$89 million, and the estimated prior service benefit to be amortized over the next fiscal year is less than
$1 million. For the postretirement benefit plans, the estimated net actuarial gain that will be amortized
from other changes in equity from nonowner sources into net periodic benefit cost over the next fiscal
year is less than $1 million, and there is no estimated prior service benefit or cost to be amortized over
the next fiscal year.
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