United Airlines 2010 Annual Report Download - page 130
Download and view the complete annual report
Please find page 130 of the 2010 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
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
 |
 |
Each of UAL’s, United’s and Continental’s estimated future benefit payments, net of expected participant
contributions, in all of the pension plans and other postretirement benefit plans as of December 31, 2010 were (in
millions):
Pension
Other
Postretirement
Other Postretirement—
subsidy receipts
UAL
2011 ................................................ $ 227 $162 $ 13
2012 ................................................ 239 163 15
2013 ................................................ 251 166 16
2014 ................................................ 253 171 18
2015 ................................................ 256 176 19
Years 2016 – 2020 ..................................... 1,266 974 110
United
2011 ................................................ $ 11 $146 $ 13
2012 ................................................ 11 146 15
2013 ................................................ 12 147 16
2014 ................................................ 13 151 18
2015 ................................................ 10 155 19
Years 2016 – 2020 ..................................... 60 854 110
Continental
2011 ................................................ $ 216 $ 16 $—
2012 ................................................ 228 17 —
2013 ................................................ 239 19 —
2014 ................................................ 240 20 —
2015 ................................................ 246 21 —
Years 2016 – 2020 ..................................... 1,206 120 —
Defined Contribution and Multi-Employer Plans
Depending upon the employee group, employer contributions consist of matching contributions and/or
non-elective employer contributions. United’s and Continental’s employer contribution percentages vary from
1% to 16% and less than 1% to 12.75%, respectively, of eligible earnings depending on the terms of each plan.
The Company’s contributions to its defined contribution plans for the years ended December 31 were as follows
(in millions):
UAL (a) United (a)
Continental
Successor
Continental
Predecessor
2010 ................................................ $254 $231 $ 23 $74
2009 ................................................ 244 244 — 93
2008 ................................................ 248 248 — 88
(a) UAL and United amounts include IAM multi-employer plan contributions of $34 million for each of the years ended
December 31, 2010, 2009, and 2008.
In 2006, United began participating in the International Association of Machinists (“IAM”) National
Pension Plan with respect to certain employees. The IAM plan is a multi-employer pension plan whereby
contributions by the participating company are based on hours worked by the applicable covered employees.
Under multi-employer plans of this type, assets contributed by all participating companies are not
segregated or restricted to provide benefits specifically to the employees of such participating company. In
128