United Airlines 2011 Annual Report Download - page 117
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Table of Contents
The following information relates to all pension plans with an accumulated benefit obligation and a projected benefit obligation in excess of plan assets at
December 31, (in millions):
Projected benefit obligation $3,594 $3,202 $ 145 $136 $3,449 $3,066
Accumulated benefit obligation 3,230 2,906 129 121 3,101 2,785
Fair value of plan assets 1,731 1,742 58 54 1,673 1,688
Net periodic benefit cost for the years ended December 31, included the following components (in millions):
Service cost $ 88 $ 7 $ 81 $47 $34 $13
Interest cost 178 10 168 127 113 14
Expected return on plan assets (140) (11) (129) (2) (2) —
Amortization of prior service cost (credit) (2) (2) — — — —
Settlement (gain) loss 1 1 — — — —
Amortization of unrecognized actuarial (gain) loss (20) 1 (21) (2) (1) (1)
Net periodic benefit cost $ 105 $ 6 $99 $170 $144 $26
Service cost $ 27 $ 6 $ 21 $ 50 $33 $30 $3 $ 7
Interest cost 51 9 42 119 120 116 4 10
Expected return on plan assets (39) (9) (30) (82) (2) (2) — —
Curtailment gain (7) — (7) — — — — —
Amortization of prior service cost (credit) (2) (2) — 7 — — — 16
Special termination benefits 4 — 4 — — — — —
Amortization of unrecognized actuarial (gain) loss 1 1 — 65 (12) (12) — (3)
Net periodic benefit cost $ 35 $ 5 $30 $159 $139 $132 $ 7 $30
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