Discover 2015 Annual Report Download - page 139
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Discover Pension Plan
The Discover Pension Plan generally provides retirement benefits that are based on each participant's years of
credited service prior to 2009 and on compensation specified in the Discover Pension Plan. The Company's policy is to
fund at least the amounts sufficient to meet minimum funding requirements under the Employee Retirement Income
Security Act of 1974, as amended.
Net Periodic Benefit Cost
Net periodic benefit cost expensed by the Company included the following components (dollars in millions):
For the Years Ended December 31,
2015 2014 2013
Service cost, benefits earned during the period ....................................................................... $ — $ — $ —
Interest cost on projected benefit obligation ............................................................................ 23 22 21
Expected return on plan assets .............................................................................................. (24) (23)(23)
Net amortization .................................................................................................................. 535
Net periodic benefit cost ................................................................................................... $ 4 $ 2 $ 3
Accumulated Other Comprehensive Income
Pretax amounts recognized in accumulated other comprehensive income that have not yet been recognized as
components of net periodic benefit cost consist of (dollars in millions):
December 31,
2015
Prior service credit .................................................................................................................................................................. $ 5
Net loss ................................................................................................................................................................................. (242)
Total ................................................................................................................................................................................. $ (237)