United Airlines 2015 Annual Report Download - page 85
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Net periodic benefit cost for the years ended December 31 included the following components (in millions):
Service cost $ 124 $ 21 $ 98 $ 19 $ 121 $ 52
Interest cost 200 82 201 88 191 110
Expected return on plan assets (194) (2) (180) (2) (163) (2)
Amortization of unrecognized actuarial (gain) loss 85 (22) 12 (47) 48 3
Amortization of prior service credits — (32) — (31) — (3)
Other 4 — 1 — (8) 2
Net periodic benefit cost $ 219 $ 47 $ 132 $ 27 $ 189 $ 162
The estimated amounts that will be amortized in 2016 out of accumulated other comprehensive income (loss) into net periodic benefit cost are as follows (in
millions):
Actuarial (gain) loss $ 71 $ (22)
Prior service credit — (32)
The assumptions used for the benefit plans were as follows:
Discount rate 4.58% 4.20%
Rate of compensation increase 3.66% 3.66%
Discount rate 4.20% 5.10%
Expected return on plan assets 7.40% 7.36%
Rate of compensation increase 3.51% 3.50%
Discount rate 4.49% 4.07%
Discount rate 4.07% 4.94%
Expected return on plan assets 3.00% 4.00%
Health care cost trend rate assumed for next year 6.75% 7.00%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate in 2023) 5.00% 5.00%
84
Source: United Continental Holdings, Inc., 10-K, February 18, 2016 Powered by Morningstar® Document Research℠
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