DTE Energy 2009 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2009 DTE Energy 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.

Page out of 39

  • 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

29
Amortization of net actuarial gain
(1)
—
Amortization of prior service cost
—
(1)
Total recognized in regulatory assets (liabilities)
$ 36
$ 386
Total recognized in net pension credit and regulatory assets (liabilities)
$ 2
$ 344
Estimated amounts to be amortized from regulatory assets into net periodic benefit cost during next fiscal
year
Net actuarial loss
$ 17
$ 1
The following table reconciles the obligations, assets and funded status of the Company’s portion of the pension plans as well as the
amounts recognized as prepaid pension cost in the Consolidated Statements of Financial Position at December 31:
(in Millions)
2009
2008
Accumulated benefit obligation, end of year
$ 667
$ 586
Change in projected benefit obligation
Projected benefit obligation, beginning of year
$ 627
$ 644
Service cost
9
10
Interest cost
42
40
Actuarial loss
86
(25)
Measurement date change
—
4
Benefits paid
(43)
(46)
Projected benefit obligation, end of year
$ 721
$ 627
Change in plan assets
Plan assets at fair value, beginning of year
$ 749
$ 1,106
Actual return on Plan assets
136
(319)
Benefits paid
(43)
(46)
Measurement date change
—
8
Plan assets at fair value, end of year
$ 842
$ 749
Funded status of the Plans, December 31
$ 120
$ 122
Amounts recorded as:
Noncurrent assets
$ 154
$ 136
Current liabilities
(1)
(1)
Noncurrent liabilities
(33)
(13)
$ 120
$ 122
(in Millions)
Amounts recognized in Regulatory assets and Accumulated other comprehensive loss
Net actuarial loss
$ 414
$ 379
Prior service cost
(4)
(4)
$ 410
$ 375
Regulatory assets
$ 409
$ 373
Other comprehensive loss
1
2
$ 410
$ 375
Assumptions used in determining the projected benefit obligation and net pension costs are listed below:
2009
2008
2007
Projected benefit obligation
Discount rate
5.90%
6.90%
6.50%
Rate of compensation increase
4.00%
4.00%
4.00%