JP Morgan Chase 2013 Annual Report Download - page 233

JPMorgan Chase & Co./2013 Annual Report 239
The following table presents pretax pension and OPEB amounts recorded in AOCI.
Defined benefit pension plans
December 31, U.S. Non-U.S. OPEB plans
(in millions) 2013 2012 2013 2012 2013 2012
Net gain/(loss) $ (1,726) $ (3,814) $ (658) $ (676) $ 125 $ (133)
Prior service credit/(cost) 196 237 14 18 11
Accumulated other comprehensive income/(loss), pretax, end of year $ (1,530) $ (3,577) $ (644) $ (658) $ 126 $ (132)
The following table presents the components of net periodic benefit costs reported in the Consolidated Statements of Income
and other comprehensive income for the Firm’s U.S. and non-U.S. defined benefit pension, defined contribution and OPEB
plans.
Pension plans
U.S. Non-U.S. OPEB plans
Year ended December 31, (in millions) 2013 2012 2011 2013 2012 2011 2013 2012 2011
Components of net periodic benefit cost
Benefits earned during the year $ 314 $ 272 $ 249 $ 34 $ 41 $ 36 $ 1 $ 1 $ 1
Interest cost on benefit obligations 447 466 451 125 126 133 35 44 51
Expected return on plan assets (956) (861) (791) (142) (137) (141) (92) (90) (88)
Amortization:
Net (gain)/loss 271 289 165 49 36 48 1(1) 1
Prior service cost/(credit) (41) (41) (43) (2) — (1) —— (8)
Net periodic defined benefit cost 35 125 31 64 66 75 (55) (46) (43)
Other defined benefit pension plans(a) 15 15 19 14 8 12 NA NA NA
Total defined benefit plans 50 140 50 78 74 87 (55) (46) (43)
Total defined contribution plans 447 409 370 321 302 285 NA NA NA
Total pension and OPEB cost included in compensation
expense $ 497 $ 549 $ 420 $ 399 $ 376 $ 372 $ (55) $ (46) $ (43)
Changes in plan assets and benefit obligations recognized
in other comprehensive income
Net (gain)/loss arising during the year $ (1,817) $ 434 $ 1,207 $ 19 $ 146 $ 25 $ (257) $ (43) $ 58
Prior service credit arising during the year —— — —(6) — —— —
Amortization of net loss (271) (289) (165) (49) (36) (48) (1) 1 (1)
Amortization of prior service (cost)/credit 41 41 43 2— 1 —— 8
Foreign exchange impact and other —— — 14 (a) 22 1 —(1) —
Total recognized in other comprehensive income $ (2,047) $ 186 $ 1,085 $ (14) $ 126 $ (21) $ (258) $ (43) $ 65
Total recognized in net periodic benefit cost and other
comprehensive income $ (2,012) $ 311 $ 1,116 $ 50 $ 192 $ 54 $ (313) $ (89) $ 22
(a) Includes various defined benefit pension plans which are individually immaterial.