DELPHI 2014 Annual Report Download - page 108
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86
Funded Status
The amounts shown below reflect the change in the U.S. defined benefit pension obligations during 2014 and 2013.
Year Ended December 31,
2014 2013
(in millions)
Benefit obligation at beginning of year ...................................................................................... $ 69 $ 80
Interest cost .............................................................................................................................. 2 2
Actuarial loss (gain) ................................................................................................................. 2(2)
Benefits paid............................................................................................................................. (13)(11)
Benefit obligation at end of year ................................................................................................ 60 69
Change in plan assets:
Fair value of plan assets at beginning of year.......................................................................... — —
Delphi contributions............................................................................................................ 13 11
Benefits paid........................................................................................................................ (13)(11)
Fair value of plan assets at end of year .................................................................................... — —
Underfunded status................................................................................................................... (60)(69)
Amounts recognized in the consolidated balance sheets consist of:
Current liabilities...................................................................................................................... (9)(12)
Non-current liabilities .............................................................................................................. (51)(57)
Total..................................................................................................................................... (60)(69)
Amounts recognized in accumulated other comprehensive income consist of (pre-tax):
Actuarial loss............................................................................................................................ 13 11
Total..................................................................................................................................... $ 13 $ 11