United Airlines 2014 Annual Report Download - page 87
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Table of Contents
Net periodic benefit cost for the years ended December 31 included the following components (in millions):
Service cost $ 98 $ 19 $ 121 $ 52 $ 99 $ 50
Interest cost 201 88 191 110 184 124
Expected return on plan assets (180) (2) (163) (2) (138) (2)
Curtailment loss — — 2 2 — —
Amortization of prior service
credits — (31) — (3) (1) —
Settlement (gain) loss 1 — (10) — 1 —
Amortization of unrecognized
actuarial (gain) loss 12 (47) 48 3 21 (3)
Net periodic benefit cost $ 132 $ 27 $ 189 $ 162 $ 166 $ 169
The estimated amounts that will be amortized in 2015 out of accumulated other comprehensive income (loss) into net periodic benefit cost are as follows (in
millions):
Actuarial (gain) loss $ 87 $ (22)
Prior service credit — (32)
The assumptions used for the benefit plans were as follows:
Discount rate 4.20% 5.09%
Rate of compensation increase 3.66% 3.49%
Discount rate 5.10% 4.48%
Expected return on plan assets 7.36% 7.56%
Rate of compensation increase 3.50% 2.48%
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