Union Pacific 2009 Annual Report Download - page 69

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69
Changes in our PBO and plan assets are as follows for the years ended December 31:
Funded Status Pension OPEB
Millions of Dollars 2009 2008 2009 2008
Projected Benefit Obligation
Projected benefit obligation at beginning of year $ 2,272 $ 2,112 $ 418 $ 326
Service cost 38 34 2 3
Interest cost 140 137 18 24
Plan amendments - - (78
)
(9)
Actuarial loss (gain) 140 132 (21
)
101
Gross benefits paid (142) (143
)
(25
)
(27)
Projected benefit obligation at end of year $ 2,448 $ 2,272 $ 314 $ 418
Plan Assets
Fair value of plan assets at beginning of year $ 1,543 $ 2,058 $ - $ -
Actual return on plan assets 350 (592
)
- -
Voluntary funded pension pla n contributions 280 200 - -
Other funded pension plan contributions - 8 - -
Non-qualified plan benefit contributions 13 12 25 27
Gross benefits paid (142) (143
)
(25
)
(27)
Fair value of plan assets at end of year $ 2,044 $ 1,543 $ - $ -
Funded status at end of year $ (404) $ (729
)
$ (314
)
$ (418)
Amounts recognized in the statement of financial position as of December 31, 2009 and 2008 consist of:
Pension OPEB
Millions of Dollars 2009 2008 2009 2008
Noncurrent assets
$
1 $ -
$
- $ -
Current liabilities (13) (12) (28) (30)
Noncurrent liabilities (392) (717) (286) (388)
Net amounts recognized at end of year
$
(404) $ (729)
$
(314) $ (418)
Pre-tax amounts recognized in accumulated other comprehensive income/(loss) as of December 31, 2009
consist of:
Millions of Dollars Pension OPEB Total
Prior service (cost)/credit $ (7) $ 146 $ 139
Net actuarial loss (942) (140) (1,082)
Total $ (949) $ 6 $ (943)