Union Pacific 2010 Annual Report Download - page 62

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62
Amounts recognized in the statement of financial position as of December 31, 2010 and 2009 consist of:
Pension OPEB
Millions 2010 2009 2010 2009
Noncurrent assets $ 1 $ 1 $ - $ -
Current liabilities (15) (13) (27) (28)
Noncurrent liabilities (341) (392) (291) (286)
Net amounts recognized at end of year $ (355) $ (404) $ (318) $ (314)
Pre-tax amounts recognized in accumulated other comprehensive income/(loss) as of December 31,
2010 and 2009 consist of:
2010 2009
Millions Pension OPEB Tota
l
Pension OPEB Tota
l
Prior service (cost)/credit $ (3) $ 106 $ 103 $ (7) $ 146 $ 139
Net actuarial loss (1,059) (142) (1,201) (942) (140) (1,082)
Total $ (1,062) $ (36) $ (1,098) $ (949) $ 6 $ (943)
Other pre-tax changes recognized in other comprehensive income during 2010, 2009 and 2008 were as
follows:
Pension OPEB
Millions 2010 2009 2008 2010 2009 2008
Prior service credit $ - $ - $ - $ (6) $ (78) $ (9)
Net actuarial (gain)/loss 165 (51) 875 16 (21) 101
Amortization of:
Prior service cost/(credit) (3) (5) (6) 45 44 34
Actuarial loss (49) (30) (10) (13) (12) (13)
Total $ 113 $ (86) $ 859 $ 42 $ (67) $ 113
Amounts included in accumulated other comprehensive income expected to be amortized into net
periodic cost (benefit) during 2011:
Millions Pension OPEB Tota
l
Prior service cost (credit) $ 2 $ (35) $ (33)
Net actuarial loss 70 13 83
Total $ 72 $ (22) $ 50
Underfunded Accumulated Benefit Obligation – The accumulated benefit obligation (ABO) is the present
value of benefits earned to date, assuming no future salary growth. The underfunded accumulated benefit
obligation represents the difference between the ABO and the fair value of plan assets. At December 31,
2010 and 2009, the non-qualified (supplemental) plan ABO was $257 million and $229 million,
respectively. The PBO, ABO, and fair value of plan assets for pension plans with accumulated benefit
obligations in excess of the fair value of the plan assets were as follows for the years ended December
31:
Underfunded Accumulated Benefit Obligation
Millions 2010 2009
Projected benefit obligation $ 2,741 $ (2,431)
Accumulated benefit obligation $ (2,663) $ (2,389)
Fair value of plan assets 2,385 2,026
Underfunded accumulated benefit obligation $ (278) $ (363)