Boeing 2014 Annual Report Download - page 98

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86
The following tables show changes in the benefit obligation, plan assets and funded status of both pensions
and OPB for the years ended December 31, 2014 and 2013. Benefit obligation balances presented below
reflect the PBO for our pension plans, and accumulated postretirement benefit obligations (APBO) for our
OPB plans.
Pension
Other
Postretirement
Benefits
2014 2013 2014 2013
Change in benefit obligation
Beginning balance $68,625 $75,895 $7,008 $7,981
Service cost 1,661 1,886 129 148
Interest cost 3,058 2,906 289 263
Plan participants’ contributions 68
Amendments 51 111 (43) 4
Actuarial (gain)/loss 10,655 (9,205) 334 (905)
Settlement/curtailment/other (2,518) (81) 7(57)
Gross benefits paid (3,126) (2,874) (449) (451)
Subsidies 39 32
Exchange rate adjustment (21) (21) (8) (7)
Ending balance $78,391 $68,625 $7,306 $7,008
Change in plan assets
Beginning balance at fair value $58,131 $56,178 $140 $110
Actual return on plan assets 5,893 3,316 10 23
Company contribution 784 1,542 814
Plan participants’ contributions 6823
Settlement/curtailment/other (640) (103) 11
Benefits paid (3,039) (2,792) (19) (21)
Exchange rate adjustment (16) (18)
Ending balance at fair value $61,119 $58,131 $141 $140
Amounts recognized in statement of financial
position at December 31 consist of:
Other assets $3 $60
Other accrued liabilities (93) (80) ($363) ($340)
Accrued retiree health care (6,802) (6,528)
Accrued pension plan liability, net (17,182) (10,474)
Net amount recognized ($17,272) ($10,494) ($7,165) ($6,868)
Amounts recognized in Accumulated other comprehensive loss at December 31 were as follows:
Pension
Other
Postretirement
Benefits
2014 2013 2014 2013
Net actuarial loss $21,321 $15,460 $877 $561
Prior service costs/(credits) 385 788 (512) (614)
Total recognized in Accumulated other comprehensive loss $21,706 $16,248 $365 ($53)