Fannie Mae 2007 Annual Report Download - page 254

The following table displays the changes in the pre-tax amounts in AOCI for the year ended December 31,
2007.
Qualified Non-Qualified
Other Post-
Retirement
Plan
Pension Plans
For the Year Ended December 31, 2007
(Dollars in millions)
Actuarial (Gain) Loss
Beginning balance, January 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 59 $ 25 $ 32
Current year actuarial gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (53) (21) (3)
Actuarial gain due to curtailments . . . . . . . . . . . . . . . . . . . . . . . . . (44) (7) —
Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (2) (1)
Ending balance, December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(38) $ (5) $ 28
Prior Service Cost (Credit)
Beginning balance, January 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10 $ 7 $ (7)
Current year prior service cost (credit) . . . . . . . . . . . . . . . . . . . . . . 2 — (66)
Prior service cost (credit) due to curtailments . . . . . . . . . . . . . . . . . (4) 2 1
Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (2) 1
Ending balance, December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7 $ 7 $(71)
Transition Obligation
Beginning balance, January 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 12
Adjustment recognized due to curtailments . . . . . . . . . . . . . . . . . . . — — (1)
Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (2)
Ending balance, December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 9
The following table displays pre-tax amounts in AOCI as of December 31, 2007 expected to be recognized as
components of net periodic benefit cost in 2008.
Qualified Non-Qualified
Other Post-
Retirement
Plan
Pension Plans
As of December 31, 2007
(Dollars in millions)
Net actuarial (gain) loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ (1) $ 1
Net prior service cost (credit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 (5)
Net transition obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1 $ 1 $(2)
There were no plan assets returned to us as of February 26, 2008 and we do not expect any plan assets to be
returned to us during the remainder of 2008.
Contributions to the qualified pension plan increase the plan assets while contributions to the unfunded plans
are made to fund current period benefit payments or to fulfill annual funding requirements. We were not
required to make minimum contributions to our qualified pension plan for each of the years in the three-year
period ended December 31, 2007 since we met the minimum funding requirements as prescribed by ERISA.
However, we made discretionary contributions to our qualified pension plan of $80 million and $37 million
for the years ended December 31, 2006 and 2005, respectively. We did not make a discretionary contribution
to our qualified pension plan during 2007 and we do not expect to make a contribution to this plan in 2008.
For our nonqualified pension plans and our postretirement benefit plan, we contributed $5 million and
F-66
FANNIE MAE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)