US Airways 2005 Annual Report Download - page 247
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Table of Contents
US Airways, Inc.
Notes to the Financial Statements — (Continued)
The following table sets forth changes in the fair value of plan assets, benefit obligations and the funded status of the plans as of the measurement date of
September 30, 2005 and 2004, in addition to the amounts recognized in US Airways' balance sheets as of December 31, 2005 and December 31, 2004 (in
millions):
Defined Benefit Pension Plans(1) Other Postretirement Benefits
Successor Successor
Company Predecessor Company Company Predecessor Company
Three Months Nine Months Three Months Nine Months
Ended Ended Year Ended Ended Ended Year Ended
Dec. 31, 2005 Sept. 30, 2005 Dec. 31, 2004 Dec. 31, 2005 Sept. 30, 2005 Dec. 31, 2004
Fair value of plan assets at the beginning of the period $ — $ 1,706 $ 1,634 $ — $ — $ —
Actual return on plan assets — 98 166 — — —
Employer contributions — 1 29 — 51 51
Plan participants' contributions — — — — 23 16
Gross benefits paid — (44) (123) — (74) (67)
Assets transferred to the PBGC — (1,761) — — — —
Fair value of plan assets at end of period — — 1,706 — — —
Benefit obligation at the beginning of the period — 2,690 2,550 229 1,367 1,651
Service cost — 1 40 1 8 39
Interest cost — 6 152 3 22 88
Plan participants' contributions — — — — 23 16
Plan amendments — — — — (1,089) —
Actuarial (gain) loss — 59 71 (4) (16) (360)
Curtailment/settlement gains(2) — (2,712) — — (12) —
Gross benefits paid — (44) (123) — (74) (67)
Benefit obligation at end of the period — — 2,690 229 229 1,367
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