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ALL » Topics » Components of net periodic cost

This excerpt taken from the ALL 10-K filed Feb 25, 2010.

Components of net periodic cost

       The components of net periodic cost for all plans for the years ended December 31 are as follows:

 
   Pension benefits   Postretirement benefits  
($ in millions)
   2009   2008   2007   2009   2008   2007  

Service cost

   $ 125   $ 145   $ 162   $ 13   $ 18   $ 24  

Interest cost

     331     313     311     52     58     65  

Expected return on plan assets

     (398 )   (397 )   (354 )   —     —     —  

Amortization of:

                                      
 

Prior service (credit) cost

     (3 )   (2 )   (2 )   (6 )   2     (1 )
 

Net actuarial loss (gain)

     15     37     116     (29 )   (24 )   1  

Settlement loss

     22     57     35     —     —     —  
                           

Net periodic cost

   $ 92   $ 153   $ 268   $ 30   $ 54   $ 89  
                           

186

These excerpts taken from the ALL 10-K filed Feb 26, 2009.

Components of net periodic cost

        The components of net periodic cost for all plans for the years ended December 31 are as follows:

 
   Pension
benefits 		  Postretirement
benefits 		 
($ in millions)
   2008   2007   2006   2008   2007   2006  

Service cost

   $ 145   $ 162   $ 185   $ 18   $ 24   $ 26  

Interest cost

     313     311     304     58     65     68  

Expected return on plan assets

     (397 )   (354 )   (321 )   —     —     —  

Amortization of:

                                      
 

Prior service (credit) cost

     (2 )   (2 )   (3 )   2     (1 )   (1 )
 

Net actuarial (gain) loss

     37     116     143     (24 )   1     1  

Settlement loss

     57     35     142     —     —     —  

Special termination benefit

     —     —     —     —     —     3  
                           

Net periodic cost

   $ 153   $ 268   $ 450   $ 54   $ 89   $ 97  
                           

Components of net periodic cost



        The components of net periodic cost for all plans for the years ended December 31 are as follows:





























































































































































































































































































 
 Pension

benefits 		 Postretirement

benefits 		 
($ in millions)
 2008  2007  2006  2008  2007  2006  

Service cost

  $145  $162  $185  $18  $24  $26 

Interest cost

   313   311   304   58   65   68 

Expected return on plan assets

   (397)  (354)  (321)  —   —   — 

Amortization of:

                   
 

Prior service (credit) cost

   (2)  (2)  (3)  2   (1)  (1)
 

Net actuarial (gain) loss

   37   116   143   (24)  1   1 

Settlement loss

   57   35   142   —   —   — 

Special termination benefit

   —   —   —   —   —   3 
              

Net periodic cost

  $153  $268  $450  $54  $89  $97 
              




These excerpts taken from the ALL 10-K filed Feb 27, 2008.

Components of net periodic cost

        The components of net periodic cost for all plans for the years ended December 31 are as follows:

 
   Pension
benefits
   Postretirement
benefits
  
($ in millions)
   2007
   2006
   2005
   2007
   2006
   2005
  
Service cost(1)   $ 162   $ 185   $ 206   $ 24   $ 26   $ 30  
Interest cost     311     304     283     65     68     65  
Expected return on plan assets     (354 )   (321 )   (313 )   —     —     —  
Amortization of:                                      
  Prior service cost (credit)     (2 )   (3 )   (3 )   (1 )   (1 )   (1 )
  Net actuarial loss     116     143     135     1     1     7  
Settlement loss(2)     35     142     28     —     —     —  
Special termination benefit     —     —     —     —     3     —  
   
 
 
 
 
 
 
Net periodic cost   $ 268   $ 450   $ 336   $ 89   $ 97   $ 101  
   
 
 
 
 
 
 
(1)
In 2005, the Company recognized $19 million and $4 million pre-tax for pension and postretirement benefits, respectively, related to a non-recurring increase in liability for future benefits of a discontinued benefit plan.

(2)
In 2006, the Company recognized a $142 million pre-tax non-cash settlement charge as a result of higher lump sum payments to participants of the Company's pension plans.

213

Components of net periodic cost



        The components of net periodic cost for all plans for the years ended December 31 are as follows:





































































































































































































































































 
 Pension

benefits
 Postretirement

benefits
 
($ in millions)
 2007
 2006
 2005
 2007
 2006
 2005
 
Service cost(1) $162 $185 $206 $24 $26 $30 
Interest cost  311  304  283  65  68  65 
Expected return on plan assets  (354) (321) (313) —  —  — 
Amortization of:                   
 Prior service cost (credit)  (2) (3) (3) (1) (1) (1)
 Net actuarial loss  116  143  135  1  1  7 
Settlement loss(2)  35  142  28  —  —  — 
Special termination benefit  —  —  —  —  3  — 
  
 
 
 
 
 
 
Net periodic cost $268 $450 $336 $89 $97 $101 
  
 
 
 
 
 
 





(1)
In
2005, the Company recognized $19 million and $4 million pre-tax for pension and postretirement benefits, respectively, related to a non-recurring increase
in liability for future benefits of a discontinued benefit plan.


(2)
In
2006, the Company recognized a $142 million pre-tax non-cash settlement charge as a result of higher lump sum payments to participants of the Company's pension plans.

213








This excerpt taken from the ALL 10-K filed Feb 22, 2007.

Components of net periodic cost

        The components of net periodic cost for all plans for the years ended December 31 are as follows:

 
   Pension benefits
   Postretirement benefits
  
(in millions)

   2006
   2005
   2004
   2006
   2005
   2004
  
Service cost(1)   $ 185   $ 206   $ 157   $ 26   $ 30   $ 28  
Interest cost     304     283     268     68     65     71  
Expected return on plan assets     (321 )   (313 )   (288 )   —     —     —  
Amortization of:                                      
  Prior service cost     (3 )   (3 )   (3 )   (1 )   (1 )   (1 )
  Net actuarial loss     143     135     121     1     7     14  
Settlement loss(2)     142     28     41     —     —     —  
Special termination benefit     —     —     —     3     —     —  
   
 
 
 
 
 
 
Net periodic cost   $ 450   $ 336   $ 296   $ 97   $ 101   $ 112  
   
 
 
 
 
 
 
(1)
In 2005, the Company recognized $19 million and $4 million pretax for pension and postretirement benefits, respectively, related to a non-recurring increase in liability for future benefits of a discontinued benefit plan.

(2)
In 2006, the Company recognized a $142 million pretax non-cash settlement charge as a result of higher lump sum payments to participants of the Company's pension plans.

EXCERPTS ON THIS PAGE:

10-K
Feb 25, 2010
10-K (2 sections)
Feb 26, 2009
10-K (2 sections)
Feb 27, 2008
10-K
Feb 22, 2007

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