United Airlines 2012 Annual Report Download - page 110

Table of Contents





     
Change in benefit obligation:
Benefit obligation at beginning of year $ 2,541 $ 2,233 $ 308 $ 2,494 $ 2,225 $ 269
Service cost 50 35 15 47 34 13
Interest cost 124 109 15 127 113 14
Plan participants’ contributions 77 75 2 73 70 3
Pilots’ liability transfer — 76 (76) — — —
Actuarial (gain) loss 110 120 (10) (2) (25) 23
Federal subsidy 13 13 — 13 13 —
Plan amendments 22 22 — 3 3 —
Gross benefits paid (194) (180) (14) (214) (200) (14)
Benefit obligation at end of year $ 2,743 $ 2,503 $ 240 $2,541 $ 2,233 $ 308
Change in plan assets:
Fair value of plan assets at beginning of year $ 58 $ 58 $ — $ 58 $ 58 $ —
Actual return on plan assets 1 1 — 1 1 —
Employer contributions 116 104 12 141 129 12
Plan participants’ contributions 77 75 2 72 70 2
Benefits paid (194) (180) (14) (214) (200) (14)
Fair value of plan assets at end of year $ 58 $ 58 $ — $ 58 $ 58 $ —
Funded status—Net amount recognized $ (2,685) $ (2,445) $ (240) $(2,483) $(2,175) $ (308)

 
     
Amounts recognized in the consolidated
balance sheets consist of:
Current liability $ (71) $ (61) $ (10) $ (76) $ (60) $ (16)
Noncurrent liability (2,614) (2,384) (230) (2,407) (2,115) (292)
Total liability $(2,685) $(2,445) $ (240) $(2,483) $(2,175) $ (308)
Amounts recognized in accumulated other
comprehensive income (loss) consist of:
Net actuarial gain (loss) $ (79) $ (80) $ 1 $ 33 $ 46 $ (13)
Prior service cost (24) (24) — (2) (2) —
Total accumulated other comprehensive
income (loss) $ (103) $ (104) $ 1 $ 31 $ 44 $ (13)
109