US Airways 2006 Annual Report Download - page 198

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, 2006 and 2005, in addition to the amounts recognized in US Airways' balance sheets as of
December 31, 2006 and December 31, 2005 (in millions):
Defined Benefit
Pensions(1) Other Post Retirement Benefits
Predecessor Company Successor Company Predecessor Company
Nine Months Three Months Nine Months
Ended Year Ended Ended Ended
September 30, December 31, December 31, September 30,
2005 2006 2005 2005
Fair value of plan assets at the beginning of the period $ 1,706 $ — $ — $ —
Actual return on plan assets 98 — — —
Employer contributions 1 31 — 51
Plan participants' contributions — 30 — 23
Gross benefits paid (44) (61) — (74)
Assets transferred to the PBGC (1,761) — — —
Fair value of plan assets at end of period — — — —
Benefit obligation at the beginning of the period 2,690 229 229 1,367
Service cost 1 3 1 8
Interest cost 6 12 3 22
Plan participants' contributions — 30 — 23
Plan amendments — — — (1,089)
Actuarial (gain) loss 59 4 (4) (16)
Curtailment/settlement gains(2) (2,712) — — (12)
Gross benefits paid (44) (61) — (74)
Benefit obligation at end of the period — 217 229 229
Funded status of the plan — (217) (229) (229)
Unrecognized actuarial (gain)/ loss — — (4) —
Contributions for October to December 5 10 —
Net liability recognized $ — $ (212) $ (223) $ (229)
(1) The accumulated benefit obligation for defined benefit pension plans was zero as of September 30, 2005 and December 31, 2005.
(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 postretirement 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."
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