Twenty-First Century Fox 2014 Annual Report Download - page 131

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TWENTY-FIRST CENTURY FOX, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
125
Amounts recognized in Accumulated other comprehensive loss, before tax, consist of:
Pension benefits Postretirement benefits
As of June 30,
2014 2013 2014 2013
(in millions)
Actuarial losses .............................................................. $ 794 $ 625 $ 45 $ 42
Prior service cost ............................................................ 7 9 - -
N
et amounts recognize
d
................................................. $ 801 $ 634 $ 45 $ 42
Amounts in Accumulated other comprehensive loss, before tax, expected to be recognized as a component of
net periodic pension cost in fiscal 2015:
Pension
benefits Postretirement
benefits
As of June 30,
2014 2014
(in millions)
Actuarial losses ............................................................................................................... $ 36 $ 3
Prior service cost ............................................................................................................. 1 -
N
et amounts recognize
d
.................................................................................................. $ 37 $ 3
Accumulated pension benefit obligations at June 30, 2014 and 2013 were $2,191 million and $1,843 million,
respectively. Below is information about funded and unfunded pension plans.
Funded plans Unfunded plans
As of June 30,
2014 2013 2014 2013
(in millions)
Projected benefit obligation ........................................... $ 2,168 $ 1,807 $ 326 $ 288
Accumulated benefit obligation ..................................... 1,873 1,563 318 280
Fair value of plan assets ................................................. 1,874 1,657 - (a) -
(a) The Company has established a Trust to fund certain future pension benefit obligations of the Company. The
assets in the Trust are unsecured funds of the Company and can be used to satisfy the Company’s obligations
in the event of bankruptcy or insolvency. The fair value of the assets in the Trust at June 30, 2014 was
approximately $210 million.
Below is information about pension plans in which the accumulated benefit obligation exceeds fair value of
the plan assets.
Funded plans Unfunded plans
As of June 30,
2014 2013 2014 2013
(in millions)
Projected benefit obligation ........................................... $ 1,319 $ 411 $ 326 $ 288
Accumulated benefit obligation ..................................... 1,023 386 318 280
Fair value of plan assets ................................................. 992 370 - (a) -
(a) The Company has established a Trust to fund certain future pension benefit obligations of the Company. The
assets in the Trust are unsecured funds of the Company and can be used to satisfy the Company’s obligations
in the event of bankruptcy or insolvency. The fair value of the assets in the Trust at June 30, 2014 was
approximately $210 million.