AIG 2013 Annual Report Download - page 333

postretirement plans is November 30, consistent with the fiscal year end of the sponsoring companies. For
all other plans, measurement occurs as of December 31.
Change in projected benefit
obligation:
Benefit obligation, beginning of year $ 4,438 $ 1,137 $ 236 $ 52
Service cost 154 53 5 3
Interest cost 200 34 11 2
Actuarial (gain) loss 536 69 22 11
Benefits paid:
AIG assets (12) (7) (11) (1)
Plan assets (150) (35) – –
Plan amendment – 4 (8) –
Curtailments (5) (3) – (1)
Settlements – (20) – –
Foreign exchange effect – (32) – –
Other – 5 – –
Projected benefit obligation, end of
year $ 5,161 $ 1,205 $ 255 $ 66
Change in plan assets:
Fair value of plan assets, beginning of
year $ 3,432 $ 683 $ – $ –
Actual return on plan assets, net of
expenses 438 34 – –
AIG contributions 12 86 11 1
Benefits paid:
AIG assets (12) (7) (11) (1)
Plan assets (150) (35) – –
Settlements – (20) – –
Foreign exchange effect – (15) – –
Other – 1 – –
Fair value of plan assets, end of year $ 3,720 $ 727 $ – $ –
Funded status, end of year $ (1,441) $ (478) $ (255) $ (66)
Amounts recognized in the
consolidated balance sheet:
Assets $ – $ 65 $ – $ –
Liabilities (1,441) (543) (255) (66)
Total amounts recognized $ (1,441) $ (478) $ (255) $ (66)
Pre-tax amounts recognized in
Accumulated other comprehensive
income:
Net gain (loss) (1,764) $ (302) $ (40) $ (13)
Prior service (cost) credit 267 21 46 1
Total amounts recognized $ (1,497) $ (281) $ 6 $ (12)
(a) We do not currently fund postretirement benefits.
(b) Includes non-qualified unfunded plans of which the aggregate projected benefit obligation was $276 million and $238 million for the U.S. and
$265 million and $299 million for the non-U.S. at December 31, 2013 and 2012, respectively.
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AIG 2013 Form 10-K 315
ITEM 8 / NOTE 21. EMPLOYEE BENEFITS
Pension Postretirement(a)
U.S. Plans(b) Non-U.S. Plans(b) U.S. Plans Non-U.S. Plans
As of or for the Years Ended December 31,
(in millions) 2013 2012 2013 2012 2013 2012 2013 2012
$ 5,161 $ 1,205 $ 255 $ 66
205 47 5 3
201 29 8 2
(454) 13 (41) (15)
(14) (13) (10) (1)
(217) (27) – –
––––
– (1) – (3)
– (35) – –
– (126) – (1)
– (20) – 1
$ 4,882 $ 1,072 $ 217 $ 52
$ 3,720 $ 727 $ – $ –
520 92 – –
15 87 10 1
(14) (13) (10) (1)
(217) (27) – –
– (35) – –
– (93) – –
––––
$ 4,024 $ 738 $ – $ –
$ (858) $ (334) $ (217) $ (52)
$– $91 $– $–
(858) (425) (217) (52)
$ (858) $ (334) $ (217) $ (52)
$ (908) $ (204) $ 1 $ 3
234 14 35 1
$ (674) $ (190) $ 36 $ 4
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