United Airlines 2012 Annual Report Download - page 109

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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

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     
Accumulated benefit obligation: $ 3,978 $235 $ 3,743 $ 3,321 $ 220 $ 3,101
Change in projected benefit obligation:
Projected benefit obligation at beginning of year $ 3,708 $259 $ 3,449 $ 3,322 $ 256 $ 3,066
Service cost 99 7 92 88 7 81
Interest cost 184 9 175 178 10 168
Actuarial (gain) loss 702 21 681 251 (2) 253
Gross benefits paid (162) (12) (150) (137) (8) (129)
Other (5) (1) (4) 6 (4) 10
Projected benefit obligation at end of year $ 4,526 $ 283 $ 4,243 $ 3,708 $ 259 $ 3,449
Change in plan assets:
Fair value of plan assets at beginning of year $ 1,868 $195 $ 1,673 $1,871 $ 183 $ 1,688
Actual gain (loss) on plan assets 223 19 204 (47) 5 (52)
Employer contributions 228 16 212 194 24 170
Benefits paid (162) (12) (150) (137) (8) (129)
Other — 3 (3) (13) (9) $ (4)
Fair value of plan assets at end of year $ 2,157 $221 $ 1,936 $1,868 $ 195 $ 1,673
Funded status—Net amount recognized $(2,369) $ (62) $ (2,307) $(1,840) $ (64) $ (1,776)
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 
     
Amounts recognized in the consolidated
balance sheets consist of:
Noncurrent asset $ 35 $ 35 $ — $ 31 $ 31 $ —
Current liability (4) — (4) (9) (3) (6)
Noncurrent liability (2,400) (97) (2,303) (1,862) (92) (1,770)
Total liability $(2,369) $ (62) $ (2,307) $ (1,840) $ (64) $ (1,776)
Amounts recognized in accumulated other
comprehensive income (loss) consist of:
Net actuarial gain (loss) $ (826) $ (22) $ (804) $ (231) $ (10) $ (221)
Prior service credit (cost) 2 15 (13) 3 18 (15)
Total accumulated other comprehensive
income (loss) $ (824) $ (7) $ (817) $ (228) $ 8 $ (236)
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