Twenty-First Century Fox 2014 Annual Report Download - page 133

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TWENTY-FIRST CENTURY FOX, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
127
The following table sets forth the estimated benefit payments and estimated settlements for the next five fiscal
years and in aggregate for the five fiscal years thereafter. These payments are estimated based on the same
assumptions used to measure the Company’s benefit obligation at the end of the fiscal year and include benefits
attributable to estimated future employee service:
Expected benefit payments
Pension
benefits Postretirement
benefits
(in millions)
Fiscal year:
2015 ........................................................................................................................... $ 101 $ 7
2016 ........................................................................................................................... 100 7
2017 ........................................................................................................................... 107 8
2018 ........................................................................................................................... 111 9
2019 ........................................................................................................................... 115 9
2020-2024 ................................................................................................................. 682 49
The above table shows expected benefits payments for the postretirement benefits net of U.S. Medicare
subsidy receipts which are anticipated to be less than $1 million per year.
Plan Assets
The Company applies the provisions of ASC 715, which required disclosures include: (i) investment policies
and strategies; (ii) the major categories of plan assets; (iii) the inputs and valuation techniques used to measure plan
assets; (iv) the effect of fair value measurements using significant unobservable inputs on changes in plan assets for
the period; and (v) significant concentrations of risk within plan assets.