United Airlines 2011 Annual Report Download - page 116

Table of Contents
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



     
Change in benefit obligation:
Benefit obligation at beginning of year $ 2,494 $2,225 $269 $2,069 $2,069 $233
Merger impact (b) — — — 278 — 35
Service cost 47 34 13 33 30 11
Interest cost 127 113 14 118 115 13
Plan participants’ contributions 73 70 3 72 72 3
Actuarial (gain) loss (2) (25) 23 120 131 (11)
Federal subsidy 13 13 — 13 13 —
Plan amendments 3 3 — — — 2
Gross benefits paid (214) (200) (14) (209) (205) (17)
Benefit obligation at end of year $2,541 $2,233 $308 $ 2,494 $2,225 $269
Change in plan assets:
Fair value of plan assets at beginning of year $58 $58 $ — $58 $58 $ —
Actual return on plan assets 1 1 — 2 2 —
Employer contributions 141 129 12 131 131 —
Plan participants’ contributions 72 70 2 72 72 —
Benefits paid (214) (200) (14) (205) (205) —
Fair value of plan assets at end of year $58 $58 $ — $58 $58 $ —
Funded status—Net amount recognized $(2,483) $(2,175) $(308) $(2,436) $(2,167) $(269)
(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:
Current liability $ (76) $(60) $ (16) $ (92) $ (76) $ (16)
Noncurrent liability (2,407) (2,115) (292) (2,344) (2,091) (253)
Total liability $(2,483) $(2,175) $(308) $(2,436) $(2,167) $(269)
Amounts recognized in accumulated other comprehensive income
consist of:
Net actuarial gain (loss) $33 $ 46 $(13) $24 $13 $11
Prior service cost (2) (2) — — — —
Total accumulated other comprehensive income (loss) $31 $44 $(13) $24 $13 $11
(a) Continental, in 2010, represents combined Predecessor and Successor.
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