United Airlines 2009 Annual Report Download - page 108
Download and view the complete annual report
Please find page 108 of the 2009 United Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
 |
 |
Table of Contents
The following table sets forth the reconciliation of the beginning and ending balances of the benefit obligation and plan assets, the funded status and the
amounts recognized in the Financial Statements for the defined benefit and other postretirement plans (“Other Benefits”):
Pension Benefits Other Benefits
Year Ended
December 31,
Year Ended
December 31,
(In millions) 2009 2008 2009 2008
Change in Benefit Obligation
Benefit obligation at beginning of year $ 221 $ 236 $ 1,958 $ 1,987
Service cost 6 6 28 32
Interest cost 9 8 114 122
Plan participants’ contributions 1 1 70 69
Actuarial (gain) loss 3 (9) 109 (46)
Curtailments (1) — (9) (1)
Foreign currency exchange rate changes 8 (8) — —
Federal subsidy — — 11 12
Gross benefits paid (19) (13) (212) (217)
Benefit obligation at end of year $ 228 $ 221 $ 2,069 $ 1,958
Change in Plan Assets
Fair value of plan assets at beginning of year $ 124 $ 167 $ 57 $ 56
Actual return on plan assets 26 (39) 2 3
Employer contributions 18 22 141 146
Plan participants’ contributions 1 1 70 69
Foreign currency exchange rate changes 7 (14) — —
Expected transfer out (1) — — —
Benefits paid (19) (13) (212) (217)
Fair value of plan assets at end of year $ 156 $ 124 $ 58 $ 57
Funded status—Net amount recognized $ (72) $ (97) $ (2,011) $ (1,901)
Year Ended
December 31,
Year Ended
December 31,
2009 2008 2009 2008
Amounts recognized in the Financial Statements consist of:
Noncurrent asset $ 24 $ 19 $ — $ —
Current liability (3) (4) (83) (89)
Noncurrent liability (93) (112) (1,928) (1,812)
Net amount recognized $ (72) $ (97) $ (2,011) $ (1,901)
Amounts recognized in accumulated other comprehensive income consist of:
Net actuarial gain (loss) $ (1) $ — $ 155 $ 286
Prior service credit 18 — — —
Net amount recognized $ 17 $ — $ 155 $ 286
The accumulated benefit obligation for all defined benefit pension plans was $228 million and $221 million at December 31, 2009 and 2008, respectively.
104