Twenty-First Century Fox 2007 Annual Report Download - page 105

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NEWS CORPORATION
Notes to the Consolidated Financial Statements (continued)
Amounts recognized in the consolidated balance sheets consist of:
Pension
benefits
Postretirement
benefits
2007 2006 2007 2006
As of June 30, (in millions)
Non-current pension assets $ 100 $ 275 $ — $ —
Accrued pension/postretirement liabilities (205) (205) (139) (137)
Intangible asset N/A 4 N/A —
Other Comprehensive Income N/A 122 N/A —
Net amount recognized $(105) $ 196 $(139) $(137)
Amounts recognized in accumulated other comprehensive income consist of:
Pension
benefits
Postretirement
benefits
2007 2007
As of June 30, (in millions)
Actuarial losses $301 $ 26
Prior service cost (benefit) 6 (28)
Net amounts recognized $307 $ (2)
Amounts in accumulated other comprehensive income expected to be recognized as a component of net periodic pension cost in
fiscal 2008:
Pension
benefits
Postretirement
benefits
2007 2007
As of June 30, (in millions)
Actuarial losses $15 $ 2
Prior services benefit (1) (6)
Net amounts recognized $14 $(4)
Accumulated pension benefit obligations at June 30, 2007 and 2006 were $2,181 million and $1,867 million, respectively. Below is
information about pension plans in which the accumulated benefit obligation exceeds the fair value of the plan assets.
2007 2006
As of June 30, (in millions)
Projected benefit obligation $236 $774
Accumulated benefit obligation 229 701
Fair value of plan assets 54 506
104