DTE Energy 2014 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2014 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 190

  • 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
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190



The following table reconciles the obligations, assets and funded status of the plans as well as the amounts recognized as prepaid pension cost or
pension liability in the Consolidated Statements of Financial Position at December 31:

 
$ 4,068

Projected benefit obligation, beginning of year  
$ 4,729
Service cost
94
Interest cost 
192
Plan amendments 
(3)
Actuarial (gain) loss 
(400)
Benefits paid 
(232)
Projected benefit obligation, end of year  
$ 4,380

Plan assets at fair value, beginning of year  
$ 3,223
Actual return on plan assets 
445
Company contributions 
284
Benefits paid 
(232)
Plan assets at fair value, end of year  
$ 3,720
Funded status of the plans  
$ (660)
Amount recorded as:
Current liabilities  
$ (7)
Noncurrent liabilities 
(653)
 
$ (660)

Net actuarial loss  
$ 174
Prior service (credit) 
(1)
 
$ 173

Net actuarial loss  
$ 1,654
Prior service (credit) cost 
6
 
$ 1,660
At December 31, 2014, the benefits related to the Company’s qualified and nonqualified pension plans expected to be paid in each of the next five
years and in the aggregate for the five fiscal years thereafter are as follows:

2015 $ 269
2016 277
2017 286
2018 298
2019 309
2020-2024 1,634
Total $ 3,073
94