Windstream 2011 Annual Report Download - page 168

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-60
A summary of plan assets, projected benefit obligation and funded status of the plans, including executive retirement
agreements, were as follows at December 31:
(Millions)
Fair value of plan assets at beginning of year
Transfers from qualified plans due to acquisition (a)
Actual return on plan assets
Employer contributions
Participant contributions
Benefits paid (b)
Medicare Part D reimbursement
Fair value of plan assets at end of year
Projected benefit obligation at beginning of year
Transfers from qualified plans due to acquisition (a)
Interest cost on projected benefit obligations
Service costs
Participant contributions
Plan amendments (c)
Plan termination (d)
Actuarial (gain) loss
Benefits paid (b)
Medicare Part D reimbursement
Projected benefit obligation at end of year
Plan assets less than projected benefit obligation recognized
in the consolidated balance sheet:
Current liabilities
Noncurrent liabilities
Funded status recognized in the consolidated balance sheets
Amounts recognized in accumulated other comprehensive
income (loss):
Net actuarial loss
Prior service credits
Net amount recognized in accumulated other comprehensive
income (loss)
Pension Benefits
2011
$ 870.5
—
13.8
136.5
—
(71.9)
—
$ 948.9
$ 1,164.0
—
60.7
9.3
—
—
—
120.8
(71.9)
—
$ 1,282.9
$(0.7)
(333.3)
$(334.0)
$—
0.9
$ 0.9
2010
$ 784.0
12.0
96.2
41.7
—
(63.4)
—
$ 870.5
$ 1,060.7
16.2
60.6
15.7
—
—
—
74.2
(63.4)
—
$ 1,164.0
$(0.8)
(292.7)
$(293.5)
$—
1.0
$ 1.0
Postretirement Benefits
2011
$ 0.3
—
—
6.9
1.7
(9.1)
0.4
$ 0.2
$ 100.0
—
3.4
0.2
1.7
(37.6)
(13.8)
0.7
(9.1)
0.4
$ 45.9
$(5.1)
(40.6)
$(45.7)
$(16.6)
104.8
$ 88.2
2010
$—
0.2
—
8.6
5.0
(14.4)
0.9
$ 0.3
$ 88.6
2.6
5.2
0.2
5.0
—
—
11.9
(14.4)
0.9
$ 100.0
$(8.0)
(91.7)
$(99.7)
$(20.9)
82.8
$ 61.9
(a) In conjunction with the acquisition of Iowa Telecom on June 1, 2010, we assumed certain obligations related to a non-
contributory qualified pension plan and postretirement benefit plan formerly sponsored by Iowa Telecom. As a result,
we recognized additional net pension and postretirement benefit obligations of $4.2 million and approximately $2.4
million, respectively, which are included in other liabilities in the accompanying consolidated balance sheet. The Iowa
Telecom plans were merged into our pension and postretirement employee benefit plans effective December 31, 2010.
In conjunction with the acquisition of D&E on November 10, 2009, we assumed certain obligations related to a non-
contributory qualified pension plan and postretirement benefit plan formerly sponsored by D&E. As a result we
recognized additional net pension and postretirement benefit obligations of $12.4 million and approximately $1.8
million, respectively, as of November 10, 2009, which are included in other liabilities in the accompanying
consolidated balance sheet. The D&E plans were merged into our pension and postretirement employee benefit plans
effective December 31, 2009.
(b) During both periods of 2011 and 2010, pension benefits paid from Windstream's assets totaled $0.7 million
respectively. All postretirement benefits in both years were paid from Windstream's assets.