American Airlines 2004 Annual Report Download - page 73
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70
10. Retirement Benefits (Continued)
The following tables provide the components of net periodic benefit cost for the years ended December 31, 2004,
2003 and 2002 (in millions):
Pension Benefits
2004 2003 2002
Components of net periodic benefit cost
Defined benefit plans:
Service cost $ 358 $ 370 $ 352
Interest cost 567 569 569
Expected return on assets (569) (473) (501)
Amortization of:
Transition asset (1) (1) (1)
Prior service cost 14 18 21
Unrecognized net loss 58 106 49
Curtailment loss - 46 -
Settlement loss - - 33
Net periodic benefit cost for
defined benefit plans 427 635 522
Defined contribution plans 163 181 213
Total $ 590 $ 816 $ 735
Other Benefits
2004 2003 2002
Components of net periodic benefit cost
Service cost $ 75 $ 85 $ 77
Interest cost 202 218 207
Expected return on assets (11) (9) (9)
Amortization of:
Prior service cost (10) (9) (6)
Unrecognized net loss 8 20 -
Net periodic benefit cost $ 264 $ 305 $ 269
The following table provides the amounts recognized in the accompanying consolidated balance sheets as of
December 31, 2004 and 2003 (in millions):
Pension Benefits Other Benefits
2004 2003 2004 2003
Prepaid benefit cost $ 5 $ 3 $ - $ -
Accrued benefit liability (810) (848) (2,912) (2,817)
Additional minimum liability (1,021) (1,138) - -
Intangible asset 194 182 - -
Accumulated other comprehensive
loss 827 956 - -
Net amount recognized $ (805) $ (845) $ (2,912) $ (2,817)