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VZ » Topics » Net Periodic Benefit (Income) Cost

This excerpt taken from the VZ 10-Q filed May 11, 2009.

Net Periodic Benefit (Income) Cost

The following table summarizes the benefit (income) cost related to our pension and postretirement health care and life insurance plans:

 

(dollars in millions)

         
     Pension       Health Care and Life  
Three Months Ended March 31,    2009     2008     2009     2008  

Service cost

    $         96     $         96     $         78     $         81  

Interest cost

      481       491       441       429  

Expected return on plan assets

      (734 )     (800 )     (76 )     (80 )

Amortization of prior service cost

      28       14       100       99  

Actuarial loss, net

      28       10       60       67  
        

Net periodic benefit (income) cost

    $ (101 )   $ (189 )   $ 603     $ 596  
        
This excerpt taken from the VZ 10-Q filed Apr 29, 2008.

Net Periodic Benefit (Income) Cost

The following table summarizes the benefit costs (income) related to our pension and postretirement health care and life insurance plans:

 

(dollars in millions)                 
          Pension     Health Care and Life    
        
Three Months Ended March 31,    2008     2007     2008     2007     

Service cost

    $ 96     $ 111     $ 81     $ 88     

Interest cost

      491       494       429       398     

Expected return on plan assets

      (800)      (794)      (80 )     (79)    

Amortization of prior service cost

      14       11       99       98     

Actuarial loss, net

      10       24       67       79     
        

Net periodic benefit (income) cost

    $ (189)    $ (154)    $ 596     $ 584     
        

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-Q
Apr 29, 2008

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