Send us Feedback

The DirecTV Group (DTV)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

DTV » Topics » Components of Net Periodic Benefit Cost

This excerpt taken from the DTV 10-Q filed Nov 9, 2006.

Components of Net Periodic Benefit Cost

 
   Pension Benefits
  
 
   Three Months Ended
September 30,
   Nine Months Ended
September 30,
  
 
   2006
   2005
   2006
   2005
  
 
   (Dollars in Millions)

  
Components of net periodic benefit cost                          
Benefits earned during the period   $ 3.5   $ 3.1   $ 10.5   $ 14.4  
Interest accrued on benefits earned in prior periods     6.9     4.8     20.4     23.2  
Expected return on assets     (7.5 )   (5.5 )   (22.4 )   (22.0 )
Amortization components                          
  Amount resulting from changes in plan provisions     0.3     0.3     1.0     1.5  
  Net amount resulting from changes in plan experience and actuarial assumptions     1.3     1.6     4.0     4.8  
   
 
 
 
 
      Subtotal     4.5     4.3     13.5     21.9  
Other costs                          
  Settlement costs     —     9.1     —     14.6  
  Contractual termination benefit costs     —     —     —     3.4  
   
 
 
 
 
      Net periodic benefit cost   $ 4.5   $ 13.4   $ 13.5   $ 39.9  
   
 
 
 
 

        We recognized an expense for other post retirement benefits of $0.3 million during the three months ended September 30, 2006, $0.4 million during the three months ended September 30, 2005,

14


$1.1 million during the nine months ended September 30, 2006 and $0.6 million during the nine months ended September 30, 2005.

This excerpt taken from the DTV 10-Q filed Aug 8, 2006.

Components of Net Periodic Benefit Cost

 
    
   Pension Benefits
    
  
 
   Three Months Ended
June 30,
   Six Months Ended
June 30,
  
 
   2006
   2005
   2006
   2005
  
 
   (Dollars in Millions)

  
Components of net periodic benefit cost                          
Benefits earned during the period   $ 3.4   $ 3.0   $ 7.0   $ 11.3  
Interest accrued on benefits earned in prior periods     7.3     5.3     13.5     18.4  
Expected return on assets     (7.8 )   (4.6 )   (14.9 )   (16.5 )
Amortization components                          
  Amount resulting from changes in plan provisions     0.4     0.4     0.7     1.2  
  Net amount resulting from changes in plan experience and actuarial assumptions     1.3     1.0     2.7     3.2  
   
 
 
 
 
      Subtotal     4.6     5.1     9.0     17.6  
Other costs                          
  Settlement costs     —     —     —     5.5  
  Contractual termination benefit costs     —     3.4     —     3.4  
   
 
 
 
 
      Net periodic benefit cost   $ 4.6   $ 8.5   $ 9.0   $ 26.5  
   
 
 
 
 

        We recognized an expense (benefit) for other post retirement benefits of $0.4 million during the three months ended June 30, 2006 and $(0.2) million during the three month ended June 30, 2005. We recognized expense for other post retirement benefits of $0.8 million during the six months ended June 30, 2006 and $0.2 million during the six month ended June 30, 2005.

This excerpt taken from the DTV 10-Q filed May 8, 2006.

Components of Net Periodic Benefit Cost

 
   Pension Benefits
   Other
Postretirement
Benefits
 
   Three Months Ended March 31,
 
   2006
   2005
   2006
   2005
 
   (Dollars in Millions)
Components of net periodic benefit cost                        
Benefits earned during the period   $ 3.6   $ 8.3   $ 0.1   $ 0.1
Interest accrued on benefits earned in prior periods     6.2     13.1     0.3     0.3
Expected return on assets     (7.1 )   (11.9 )   —     —
Amortization components                        
  Amount resulting from changes in plan provisions     0.3     0.8     (0.1 )   —
  Net amount resulting from changes in plan experience and actuarial assumptions     1.4     2.2     0.1     —
   
 
 
 
    Subtotal     4.4     12.5     0.4     0.4
Other costs                        
  Settlement costs     —     5.5     —     —
   
 
 
 
    Net periodic benefit cost   $ 4.4   $ 18.0   $ 0.4   $ 0.4
   
 
 
 
This excerpt taken from the DTV 10-Q filed May 5, 2005.

Components of Net Periodic Benefit Cost

 
   Pension Benefits
   Other Postretirement
Benefits
 
   Three Months Ended March 31,
 
   2005
   2004
   2005
   2004
 
   (Dollars in Millions)
Components of net periodic benefit cost                        
Benefits earned during the period   $ 8.3   $ 7.0   $ 0.1   $ 0.1
Interest accrued on benefits earned in prior periods     13.1     8.7     0.3     0.3
Expected return on assets     (11.9 )   (7.6 )   —     —
Amortization components                        
  Amount resulting from changes in plan provisions     0.8     2.1     —     —
  Net amount resulting from changes in plan experience and actuarial assumptions     2.2     0.6     —     —
   
 
 
 
      Subtotal     12.5     10.8     0.4     0.4
Other costs                        
  Settlement costs     5.5     14.8     —     —
  Contractual termination benefit costs     —     9.4     —     —
   
 
 
 
      Net periodic benefit cost   $ 18.0   $ 35.0   $ 0.4   $ 0.4
   
 
 
 

        The settlement costs recognized during the first quarter of 2005 are attributable to benefits paid to participants of the contributory plan who recently retired. The settlement costs and contractual termination benefit costs recognized during the first quarter of 2004 are attributable to benefits provided to participants of the contributory plan who were terminated as part of headcount reductions following the completion of the News Corporation transactions. See Note 10 for additional information.

EXCERPTS ON THIS PAGE:

10-Q
Nov 9, 2006
10-Q
Aug 8, 2006
10-Q
May 8, 2006
10-Q
May 5, 2005

RELATED TOPICS for DTV:

"Components of Net Periodic Benefit Cost" elsewhere:

Alcatel-Lucent (ALU)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki