VERIZON COMMUNICATIONS INC | 2013 | FY | 3


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  
Years Ended December 31,    2013     2012     2011     2013     2012     2011  

Service cost

   $ 395     $ 358     $ 307     $ 318     $ 359     $ 299  

Amortization of prior service cost (credit)

     6       (1     72       (247     (89     (57
  

 

 

 

Subtotal

     401       357       379       71       270       242  

Expected return on plan assets

     (1,245     (1,795     (1,976     (143     (171     (163

Interest cost

     1,002       1,449       1,590       1,095       1,284       1,421  
  

 

 

 

Subtotal

     158       11       (7     1,023       1,383       1,500  

Remeasurement (gain) loss, net

     (2,470     5,542       4,146       (3,989     1,262       1,787  
  

 

 

 

Net periodic benefit (income) cost

     (2,312     5,553       4,139       (2,966     2,645       3,287  

Curtailment and termination benefits

                 4                               –                 –                 –  
  

 

 

 

Total

   $ (2,308   $ 5,553     $ 4,139     $ (2,966   $ 2,645     $ 3,287  
  

 

 

 

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