American Airlines 2003 Annual Report Download - page 73
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71
10. Retirement Benefits (Continued)
The following tables provide the components of net periodic benefit cost for the years ended December 31, 2003,
2002 and 2001 (in millions):
Pension Benefits
2003 2002 2001
Components of net periodic benefit cost
Defined benefit plans:
Service cost $ 370 $ 352 $ 260
Interest cost 569 569 515
Expected return on assets (473) (501) (539)
Amortization of:
Transition asset (1) (1) (1)
Prior service cost 18 21 11
Unrecognized net loss 106 49 22
Curtailment loss 46 - -
Settlement loss - 33 -
Net periodic benefit cost for
defined benefit plans 635 522 268
Defined contribution plans 181 213 244
Total $ 816 $ 735 $ 512
Other Benefits
2003 2002 2001
Components of net periodic benefit cost
Service cost $ 85 $ 77 $ 66
Interest cost 218 207 175
Expected return on assets (9) (9) (9)
Amortization of:
Prior service cost (9) (6) (5)
Unrecognized net loss 20 - -
Net periodic benefit cost $ 305 $ 269 $ 227
The following table provides the amounts recognized in the accompanying consolidated balance sheets as of
December 31, 2003 and 2002 (in millions):
Pension Benefits Other Benefits
2003 2002 2003 2002
Prepaid benefit cost $ 3 $ 54 $ - $ -
Accrued benefit liability (848) (453) (2,817) (2,654)
Additional minimum liability (1,138) (1,623) - -
Intangible asset 182 330 - -
Accumulated other comprehensive
loss 956 1,293 - -
Net amount recognized $ (845) $ (399) $ (2,817) $ (2,654)