Bank of America 2013 Annual Report Download - page 246

244 Bank of America 2013
an increase of approximately $9 million. For the Non-U.S. Pension
Plans and the Nonqualified and Other Pension Plans, the 25 bps
decline in rates would not have a significant impact.
Assumed health care cost trend rates affect the postretirement
benefit obligation and benefit cost reported for the Postretirement
Health and Life Plans. The assumed health care cost trend rate
used to measure the expected cost of benefits covered by the
Postretirement Health and Life Plans is 7.00 percent for 2014,
reducing in steps to 5.00 percent in 2019 and later years. A one-
percentage-point increase in assumed health care cost trend rates
would have increased the service and interest costs, and the
benefit obligation by $2 million and $54 million in 2013. A one-
percentage-point decrease in assumed health care cost trend
rates would have lowered the service and interest costs, and the
benefit obligation by $2 million and $47 million in 2013.
Pre-tax amounts included in accumulated OCI for employee
benefit plans at December 31, 2013 and 2012 are presented in
the table below.
Pre-tax Amounts included in Accumulated OCI
Qualified
Pension Plan
Non-U.S.
Pension Plans
Nonqualified
and Other
Pension Plans
Postretirement
Health and
Life Plans Total
(Dollars in millions) 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
Net actuarial loss (gain) $ 2,794 $ 6,164 $271 $ 144 $855 $ 718 $ (171) $ (28) $ 3,749 $ 6,998
Prior service cost (credits) ——(9) 5——24 29 15 34
Amounts recognized in accumulated OCI $ 2,794 $ 6,164 $262 $ 149 $855 $ 718 $ (147) $1 $ 3,764 $ 7,032
Pre-tax amounts recognized in OCI for employee benefit plans in 2013 included the following components.
Pre-tax Amounts Recognized in OCI in 2013
(Dollars in millions)
Qualified
Pension Plan
Non-U.S.
Pension Plans
Nonqualified
and Other
Pension Plans
Postretirement
Health and
Life Plans Total
Current year actuarial loss (gain) $ (3,128) $ 113 $ 164 $ (180) $ (3,031)
Amortization of actuarial gain (loss) (242) (2) (27) 36 (235)
Current year prior service cost — 2 — — 2
Amortization of prior service cost — — — (4) (4)
Amounts recognized in OCI $ (3,370) $ 113 $137 $(148) $ (3,268)
The estimated pre-tax amounts that will be amortized from accumulated OCI into expense in 2014 are presented in the table below.
Estimated Pre-tax Amounts Amortized from Accumulated OCI into Period Cost in 2014
(Dollars in millions)
Qualified
Pension Plan
Non-U.S.
Pension Plans
Nonqualified
and Other
Pension Plans
Postretirement
Health and
Life Plans Total
Net actuarial loss (gain) $ 108 $ 3 $ 25 $ (85) $ 51
Prior service cost — 1 — 4 5
Total amounts amortized from accumulated OCI $ 108 $ 4 $ 25 $ (81) $ 56