DTV » Topics » Note 9: Pension and Other Postretirement Benefits

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

Note 9: Pension and Other Postretirement Benefits

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,

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

Employer Contributions

        During the nine months ended September 30, 2006, we contributed $35.0 million to our qualified pension plan and $10.7 million to our nonqualified pension plans. We expect to contribute approximately $20.0 million to our qualified pension plan and $3.0 million to our nonqualified pension plans in the remainder of 2006.

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

Note 8: Pension and Other Postretirement Benefits

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.

Employer Contributions

        During the six months ended June 30, 2006, we contributed $35.0 million to our qualified pension plan and $7.9 million to our nonqualified pension plan. We expect to contribute approximately $20.0 million to our qualified pension plan and $7.9 million to our nonqualified pension plans in the remainder of 2006.

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

Note 8: Pension and Other Postretirement Benefits

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
   
 
 
 

Employer Contributions

        During the three months ended March 31, 2006, we contributed $4.5 million to our nonqualified pension plan. We expect to contribute approximately $65.0 million to our qualified pension plan and $12.4 million to our nonqualified pension plans in the remainder of 2006.

This excerpt taken from the DTV 10-Q filed May 5, 2005.

Note 7: Pension and Other Postretirement Benefits

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.

Employer Contributions

        We previously disclosed in our consolidated financial statements for the year ended December 31, 2004 that we expected to contribute approximately $14.5 million and $34.8 million to our qualified and nonqualified pension plans, respectively, in 2005. During the three months ended March 31, 2005, we contributed $10.7 million to our nonqualified pension plan. At a minimum, we expect to contribute

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approximately $14.5 million and $24.1 million to our qualified and nonqualified pension plans, respectively, in the remainder of 2005.

"Note 9: Pension and Other Postretirement Benefits" elsewhere:

JDS Uniphase (JDSU)
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