United Airlines 2013 Annual Report Download - page 89
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Table of Contents
Net periodic benefit cost for the years ended December 31 included the following components (in millions):
Service cost $ 121 $ 52 $ 99 $ 50 $ 88 $ 47
Interest cost 191 110 184 124 178 127
Expected return on plan assets (163) (2) (138) (2) (140) (2)
Curtailment loss 2 2 — — — —
Amortization of prior service credits — (3) (1) — (2) —
Settlement (gain) loss (10) — 1 — 1 —
Amortization of unrecognized
actuarial (gain) loss 48 3 21 (3) (20) (2)
Net periodic benefit cost $ 189 $ 162 $ 166 $ 169 $ 105 $ 170
The estimated amounts that will be amortized in 2014 for actuarial (gains) losses are as follows (in millions):
Actuarial (gain) loss to be reclassified from accumulated other comprehensive income into net periodic
benefit cost $ 9 $ (46)
The assumptions used for the benefit plans were as follows:
Discount rate 5.09% 4.19%
Rate of compensation increase 3.49% 2.49%
Discount rate 4.48% 5.02%
Expected return on plan assets 7.56% 7.54%
Rate of compensation increase 2.48% 2.48%
Discount rate 4.94% 4.12%
Discount rate 4.12% 4.92%
Expected return on plan assets 4.00% 4.00%
Health care cost trend rate assumed for next year 7.25% 6.75%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate in 2020) 5.00% 5.00%
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