Northrop Grumman 2014 Annual Report Download - page 74

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NORTHROP GRUMMAN CORPORATION
-65-
The following table shows those amounts expected to be recognized in net periodic benefit cost in 2015:
$ in millions Pension Benefits Medical and
Life Benefits
Amounts expected to be recognized in 2015 net periodic benefit
cost
Net actuarial loss $ 682 $ 27
Prior service credit (60)(28)
The accumulated benefit obligation for all defined benefit pension plans was $30.3 billion and $25.7 billion at
December 31, 2014 and 2013, respectively.
Amounts for pension plans with accumulated benefit obligations in excess of fair value of plan assets are as follows:
December 31
$ in millions 2014 2013
Projected benefit obligation $ 30,405 $ 24,129
Accumulated benefit obligation 30,172 23,830
Fair value of plan assets 24,940 22,138