American Airlines 2012 Annual Report Download - page 93

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Table of Contents
In addition, a net credit of $124 million, representing unamortized prior service credits of $157 million offset by a curtailment loss of $33 million, is included
as a component of reorganization items, net.
Year End Information
The following table provides a reconciliation of the changes in the pension and retiree medical and other benefit obligations and fair value of assets for the years
ended December 31, 2012 and 2011, and a statement of funded status as of December 31, 2012 and 2011 (in millions):
Pension Benefits
Retiree Medical and Other
Benefits
2012
2011
2012
2011
Reconciliation of benefit obligation
Obligation at January 1
$14,568
$12,968
$ 3,122
$ 3,097
Service cost
341
386
46
61
Interest cost
729
757
128
174
Actuarial (gain) loss
2,345
1,237
104
(63)
Plan amendments
301
—
(1,904)
(3)
Curtailments
(1,841)
—
33
—
Benefit payments
(548)
(780)
(117)
(144)
Obligation at December 31
$15,895
$14,568
$ 1,412 $ 3,122
Reconciliation of fair value of plan assets
Fair value of plan assets at January 1
$ 8,132
$ 7,773
$ 205
$234
Actual return on plan assets
1,204
614
26
(6)
Employer contributions
277
525
97
121
Benefit payments
(548)
(780)
(117)
(144)
Fair value of plan assets at December 31
$9,065
$ 8,132
$211
$ 205
Funded status at December 31
$(6,830)
$ (6,436)
$(1,201)
$(2,917)
Amounts recognized in the
consolidated balance sheets
Current liability
$ 21
$ 2
$ —
$147
Noncurrent liability
6,809
6,434
1,201
2,770
$ 6,830
$6,436
$ 1,201
$2,917
Amounts recognized in
other comprehensive loss
Net actuarial loss (gain)
$3,943
$4,179
$(78)
$(181)
Prior service cost (credit)
301
68
(1,844)
(179)
$4,244
$4,247
$(1,922)
$(360)
For plans with accumulated benefit
obligations exceeding the fair value
of plan assets
Pension Benefits
Retiree Medical and Other
Benefits
2012
2011
2012
2011
Projected benefit obligation (PBO)
$15,895
$14,568
$ —
$ —
Accumulated benefit obligation (ABO)
15,866
12,935
—
—
Accumulated postretirement benefit obligation (APBO)
—
—
1,412
3,122
Fair value of plan assets
9,065
8,132
211
205
ABO less fair value of plan assets
6,801
4,803
—
—
93