United Airlines 2015 Annual Report Download - page 83

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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: $ 3,795 $ 4,068
Change in projected benefit obligation:
Projected benefit obligation at beginning of year $ 4,803 $ 4,000
Service cost 124 98
Interest cost 200 201
Actuarial (gain) loss (298) 807
Gross benefits paid and settlements (343) (281)
Other (13) (22)
Projected benefit obligation at end of year $ 4,473 $ 4,803
Change in plan assets:
Fair value of plan assets at beginning of year $ 2,562 $ 2,397
Actual gain (loss) on plan assets (59) 151
Employer contributions 824 307
Gross benefits paid and settlements (343) (281)
Other (9) (12)
Fair value of plan assets at end of year $ 2,975 $ 2,562
Funded status—Net amount recognized $ (1,498) $ (2,241)

 
Amounts recognized in the consolidated balance sheets consist of:
Noncurrent asset $ 2 $ 2
Current liability (12) (17)
Noncurrent liability (1,488) (2,226)
Total liability $ (1,498) $ (2,241)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss $ (844) $ (982)
Prior service loss (1) (1)
Total accumulated other comprehensive loss $ (845) $ (983)
82
Source: United Continental Holdings, Inc., 10-K, February 18, 2016 Powered by Morningstar® Document Research
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