United Airlines 2015 Annual Report Download - page 84

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




Change in benefit obligation:
Benefit obligation at beginning of year $ 2,052 $ 1,819
Service cost 21 19
Interest cost 82 88
Plan participants’ contributions 68 67
Benefits paid (205) (212)
Actuarial (gain) loss (22) 262
Other 6 9
Benefit obligation at end of year $ 2,002 $ 2,052
Change in plan assets:
Fair value of plan assets at beginning of year $ 57 $ 57
Actual return on plan assets 1 1
Employer contributions 135 144
Plan participants’ contributions 68 67
Benefits paid (205) (212)
Fair value of plan assets at end of year 56 57
Funded status—Net amount recognized $ (1,946) $ (1,995)

 
Amounts recognized in the consolidated balance sheets consist of:
Current liability $ (64) $ (62)
Noncurrent liability (1,882) (1,933)
Total liability $ (1,946) $ (1,995)
Amounts recognized in accumulated other comprehensive income consist of:
Net actuarial gain $ 236 $ 233
Prior service credit 246 278
Total accumulated other comprehensive income $ 482 $ 511
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 $ 4,292 $ 4,625
Accumulated benefit obligation 3,655 3,930
Fair value of plan assets 2,794 2,387
83
Source: United Continental Holdings, Inc., 10-K, February 18, 2016 Powered by Morningstar® Document Research
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