United Airlines 2014 Annual Report Download - page 85
Download and view the complete annual report
Please find page 85 of the 2014 United Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
 |
 |
Table of Contents
Changes in benefits that either qualified as curtailments (which reduced prior actuarial losses) or negative plan amendments are detailed in the tables below.
Actuarial assumption changes are reflected as a component of the net actuarial gains/(losses) during 2014 and 2013. These amounts will be amortized over
the average remaining service life of the covered active employees or the average life expectancy of inactive participants and will impact 2014 and 2013
pension and retiree medical expense as described below.
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):
Accumulated benefit obligation: $ 4,068 $ 3,383
Change in projected benefit obligation:
Projected benefit obligation at beginning of year $ 4,000 $ 4,526
Service cost 98 121
Interest cost 201 191
Actuarial (gain) loss 807 (464)
Gross benefits paid and settlements (281) (269)
Curtailments — (84)
Other (22) (21)
Projected benefit obligation at end of year $ 4,803 $ 4,000
Change in plan assets:
Fair value of plan assets at beginning of year $ 2,397 $ 2,157
Actual gain on plan assets 151 239
Employer contributions 307 277
Gross benefits paid and settlements (281) (269)
Other (12) (7)
Fair value of plan assets at end of year $ 2,562 $ 2,397
Funded status—Net amount recognized $ (2,241) $ (1,603)
Amounts recognized in the consolidated balance sheets consist of:
Noncurrent asset $ 2 $ 49
Current liability (17) (2)
Noncurrent liability (2,226) (1,650)
Total liability $ (2,241) $ (1,603)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss $ (982) $ (162)
Prior service loss (1) —
Total accumulated other comprehensive loss $ (983) $ (162)
85