US Airways 2005 Annual Report Download - page 248

Table of Contents
US Airways, Inc.
Notes to the Financial Statements — (Continued)
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
Funded status of the plan — — (984) (229) (229) (1,367)
Unrecognized actuarial (gain)/ loss — — 105 (4) — (329)
Unrecognized prior service cost (benefit) — — — — — (71)
Contributions for October to December — — 1 10 — 15
Net liability recognized $ — $ — $ (878) $ (223) $ (229) $ (1,752)
Components of the amounts recognized in US Airways' balance sheets (in millions):
Defined Benefit Pension Plans(1) Other Postretirement Benefits
Successor Predecessor Successor
Company Company Company Predecessor Company
Dec. 31, Sept. 30, Dec. 31, Dec. 31, Sept. 30, Dec. 31,
2005 2005 2004 2005 2005 2004
Accrued benefit cost $ — $ — $ (878) $ (223) $ (229) $ (1,752)
Adjustment for minimum pension liability — — (120) — — —
Accumulated other comprehensive loss — — 120 — — —
Net amount recognized $ — $ — $ (878) $ (223) $ (229) $ (1,752)
(1) For plans with accumulated benefit obligations in excess of plan assets, the aggregate projected benefit obligations, accumulated benefit obligations and
plan assets were $2.70 billion, $2.68 billion and $1.72 billion, respectively, as of September 30, 2004.
(2) In 2005, US Airways recognized curtailments and settlements related to the termination of its remaining material defined benefit pension plans. These
curtailments and settlements were recognized in accordance with SFAS No. 88, "Employers' Accounting for Settlements and Curtailments of Defined
Benefit Pension Plans and for Termination Benefits." In 2005, US Airways recognized curtailments related to the significant redesign of the other post
retirement benefit plans (primarily medical and dental benefits). These curtailments were recognized in accordance with SFAS No. 106, "Employers'
Accounting for Postretirement Benefits Other Than Pensions."
The accumulated benefit obligation for defined benefit pension plans was zero as of September 30, 2005 and December 31, 2005. The accumulated benefit
obligation for defined benefit pension plans was $2.68 billion as of December 31, 2004.
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