BB&T 2010 Annual Report Download - page 143

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Qualified
Pension Plan Nonqualified
Pension Plans
Years Ended
December 31, Years Ended
December 31,
2010 2009 2010 2009
(Dollars in millions)
Change in Projected Benefit Obligation
Projected benefit obligation, January 1, $1,378 $1,260 $ 145 $ 140
Service cost 78 72 5 4
Interest cost 84 77 9 9
Actuarial loss 203 15 31 —
Benefits paid (47) (46) (8) (8)
Projected benefit obligation, December 31, $1,696 $1,378 $ 182 $ 145
Qualified
Pension Plan Nonqualified
Pension Plans
Years Ended
December 31, Years Ended
December 31,
2010 2009 2010 2009
(Dollars in millions)
Change in Plan Assets
Fair value of plan assets, January 1, $2,184 $1,371 $ — $ —
Actual return on plan assets 279 387 — —
Employer contributions 68 472 8 8
Benefits paid (47) (46) (8) (8)
Fair value of plan assets, December 31, 2,484 2,184 — —
Funded status at end of year $ 788 $ 806 $(182) $(145)
Qualified
Pension Plan Nonqualified
Pension Plans
Years Ended
December 31, Years Ended
December 31,
2010 2009 2010 2009
(Dollars in millions)
Pre-Tax Amounts Recognized in Accumulated
Other Comprehensive Income (Loss)
Prior service credit (cost) $ 2 $ 2 $ (1) $ —
Net actuarial loss (523) (445) (50) (22)
Net amount recognized $ (521) $ (443) $ (51) $ (22)
The expected amortization of unrecognized prior service credit and unrecognized net actuarial losses for the
qualified plan and nonqualified plans that are expected to be amortized from accumulated other comprehensive
income (loss) into net periodic pension cost during 2011 are reflected in the following table:
Qualified
Pension Plan Nonqualified
Pension Plans
(Dollars in millions)
Expected Amortization for 2011
Prior service credit $ (1) $—
Net actuarial loss 28 4
Net amount to be amortized in 2011 $27 $ 4
The accumulated benefit obligation for the qualified plans totaled $1.5 billion and $1.2 billion at December 31,
2010 and 2009, respectively. For the nonqualified plans, the accumulated benefit obligation totaled $156 million
and $133 million at December 31, 2010 and 2009, respectively.
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