United Airlines 2014 Annual Report Download - page 86
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Table of Contents
Change in benefit obligation:
Benefit obligation at beginning of year $ 1,819 $ 2,743
Service cost 19 52
Interest cost 88 110
Plan participants’ contributions 67 67
Actuarial (gain) loss 262 (640)
Federal subsidy 4 7
Plan amendments (3) (331)
Curtailments 8 8
Gross benefits paid (212) (197)
Benefit obligation at end of year $ 2,052 $ 1,819
Change in plan assets:
Fair value of plan assets at beginning of year $ 57 $ 58
Actual return on plan assets 1 1
Employer contributions 144 128
Plan participants’ contributions 67 67
Benefits paid (212) (197)
Fair value of plan assets at end of year 57 57
Funded status—Net amount recognized $ (1,995) $ (1,762)
Amounts recognized in the consolidated balance sheets consist of:
Current liability $ (62) $ (59)
Noncurrent liability (1,933) (1,703)
Total liability $ (1,995) $ (1,762)
Amounts recognized in accumulated other comprehensive income consist of:
Net actuarial gain $ 233 $ 555
Prior service credit 278 306
Total accumulated other comprehensive income $ 511 $ 861
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 $ 4,625 $ 3,820
Accumulated benefit obligation 3,930 3,245
Fair value of plan assets 2,387 2,176
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