United Airlines 2011 Annual Report Download - page 115

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 these financial statements for the defined benefit and other postretirement plans (in millions):
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



     
Accumulated benefit obligation: $3,321 $220 $3,101 $2,999 $214 $2,785
Change in projected benefit obligation:
Projected benefit obligation at beginning of year $3,322 $256 $3,066 $ 228 $ 228 $2,629
Merger impact (b) — — — 3,169 — 439
Service cost 88 7 81 27 6 71
Interest cost 178 10 168 51 9 161
Actuarial (gain) loss 251 (2) 253 (130) 17 (147)
Gross benefits paid (137) (8) (129) (23) (7) (75)
Other 6 (4) 10 — 3 (12)
Projected benefit obligation at end of year $3,708 $259 $3,449 $3,322 $256 $3,066
Change in plan assets:
Fair value of plan assets at beginning of year $1,871 $183 $1,688 $156 $156 $ 1,371
Merger impact (b) — — — 1,549 — 83
Actual gain (loss) on plan assets (47) 5 (52) 131 16 115
Employer contributions 194 24 170 58 18 202
Benefits paid (137) (8) (129) (23) (7) (75)
Other (13) (9) (4) — — $(8)
Fair value of plan assets at end of year $1,868 $195 $1,673 $1,871 $183 $1,688
Funded status—Net amount recognized $(1,840) $(64) $(1,776) $(1,451) $(73) $(1,378)
(a) Continental, in 2010, represents combined Predecessor and Successor. Other than remeasurement described in (b), all other activity occurred on a consistent basis throughout 2010.
(b) UAL, in 2010, represents plan assets and liabilities assumed in Merger. Continental, in 2010, represents remeasurement of the projected benefit obligation as of the Merger closing date.
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 
     
Amounts recognized in the consolidated balance sheets consist of:
Noncurrent asset $31 $31 $ — $32 $32 $ —
Current liability (9) (3) (6) (10) (4) (6)
Noncurrent liability (1,862) (92) (1,770) (1,473) (101) (1,372)
Total liability $(1,840) $(64) $(1,776) $(1,451) $(73) $(1,378)
Amounts recognized in accumulated other comprehensive income consist
of:
Net actuarial gain (loss) $(231) $(10) $(221) $226 $(7) $233
Prior service credit (cost) 3 18 (15) 18 18 —
Total accumulated other comprehensive income (loss) $(228) $ 8 $(236) $244 $11 $233
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