US Airways 2005 Annual Report Download - page 139

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
(a) Defined benefit and other postretirement benefit plans
Prior to the merger, America West Holdings had no obligations for defined benefit or other postretirement benefit plans. The following table sets forth
changes in the fair value of plan assets, benefit obligations and the funded status of the plans acquired by the Company on September 27, 2005 as of the
measurement date of September 30, 2005 recognized in the balance sheet as of December 31, 2005 (in millions):
Other
Defined Benefit Postretirement
Pension Plans(1) Benefits
Year Ended Year Ended
Dec. 31, 2005 Dec. 31, 2005
Fair value of plan assets at beginning of period $ 37 $ —
Actual return on plan assets 1 —
Employer contributions — —
Plan participants' contributions — —
Gross benefits paid (1) —
Fair value of plan assets at end of period 37 —
Benefit obligation at beginning of period 64 233
Service cost — 1
Interest cost 1 3
Plan participants' contributions — —
Actuarial (gain) loss (4) (3)
Gross benefits paid (1) —
Benefit obligation at end of period 60 234
Funded status of the plan (23) (234)
Unrecognized actuarial (gain)/ loss (4) (3)
Contributions for October to December — 9
Net liability recognized $ (27) $ (228)
Components of the amounts recognized in the balance sheet (in millions):
Other
Defined Benefit Postretirement
Pension Plans Benefits
Dec. 31, 2005 Dec. 31, 2005
Accrued benefit cost $ (27) $ (228)
Net amount recognized $ (27) $ (228)
(1) For plans with accumulated benefit obligations in excess of plan assets, the aggregate accumulated benefit obligations, projected benefit obligations and
plan assets were $56 million, $60 million and $37 million, respectively at December 31, 2005.
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