United Airlines 2012 Annual Report Download - page 111

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 $ 4,387 $ 3,594 $ 144 $ 145 $ 4,243 $ 3,449
Accumulated benefit obligation 3,869 3,230 125 129 3,744 3,101
Fair value of plan assets 1,991 1,731 55 58 1,936 1,673
Net periodic benefit cost for the years ended December 31, included the following components (in millions):
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 
     
Service cost $ 99 $ 7 $ 92 $ 50 $ 35 $ 15
Interest cost 184 9 175 124 109 15
Expected return on plan assets (138) (11) (127) (2) (2) —
Amortization of prior service cost
(credit) (1) (2) 1 — — —
Settlement (gain) loss 1 — 1 — — —
Amortization of unrecognized actuarial
(gain) loss 21 1 20 (3) (4) 1
Net periodic benefit cost $ 166 $ 4 $ 162 $ 169 $ 138 $ 31
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 
     
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
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