American Airlines 2007 Annual Report Download - page 76
Download and view the complete annual report
Please find page 76 of the 2007 American Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
 |
 |
73
10. Retirement Benefits (Continued)
At December 31, 2007 and 2006, pension benefit plan assets of $127 million and $149 million, respectively, and
retiree medical and other benefit plan assets of $220 million and $200 million, respectively, were invested in
shares of mutual funds managed by a subsidiary of AMR.
The following tables provide the components of net periodic benefit cost for the years ended December 31, 2007,
2006 and 2005 (in millions):
Pension Benefits
2007 2006 2005
Components of net periodic benefit cost
Defined benefit plans:
Service cost $ 370 $ 399 $ 372
Interest cost 672 641 611
Expected return on assets (747) (669) (658)
Amortization of:
Transition asset - (1) (1)
Prior service cost 16 16 16
Unrecognized net loss 25 81 52
Net periodic benefit cost for
defined benefit plans
336
467
392
Defined contribution plans 166 164 167
$ 502 $ 631 $ 559
Retiree Medical and Other Benefits
2007 2006 2005
Components of net periodic benefit cost
Service cost $ 70 $ 78 $ 75
Interest cost 194 194 197
Expected return on assets (18) (15) (14)
Amortization of:
Prior service cost (13) (10) (10)
Unrecognized net loss (gain) (7) 1 2
Net periodic benefit cost $ 226 $ 248 $ 250
The estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from
Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $3 million
and $16 million, respectively. The estimated net gain and prior service credit for the retiree medical and other
postretirement plans that will be amortized from Accumulated other comprehensive income into net periodic
benefit cost over the next fiscal year are $22 million and $13 million, respectively.