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PREM14A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form PREM14A on 06/26/2015
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Table of Contents

BRIGHT HOUSE NETWORKS, LLC AND SUBSIDIARIES

Notes to Consolidated Financial Statements—(Continued)

December 31, 2014, 2013 and 2012

 

Changes in the Company’s projected benefit obligation, fair value of plan assets and funded status from January 1 through December 31 are presented below:

 

     2014      2013  
     (In thousands)  

Projected benefit obligation, beginning of year

   $ 509,185         535,961   

Service cost

     33,554         38,325   

Interest cost

     25,251         22,483   

Actuarial (gain) loss

     141,378         (77,312

Benefits paid

     (8,600      (10,271
  

 

 

    

 

 

 

Projected benefit obligation, end of year

$ 700,768      509,186   
  

 

 

    

 

 

 

Accumulated benefit obligation

$ 548,395      396,719   
  

 

 

    

 

 

 

Fair value of plan assets, beginning of year

  365,359      306,772   

Actual return on plan assets

  32,927      20,054   

Employer contributions

  57,580      48,804   

Benefits paid

  (8,600   (10,271

Transfer out due to plan spinoff

  (170,128   —     
  

 

 

    

 

 

 

Fair value of plan assets, end of year

$ 277,138      365,359   
  

 

 

    

 

 

 

Funded status

$ (423,630   (143,827
  

 

 

    

 

 

 

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the qualified pension plan, the supplemental pension plan and other postretirement plans as of December 31, 2014 and 2013 consisted of the following:

 

     Qualified
Pension Plan
     Supplemental
Pension Plans
     Other
Postretirement Plans
 
     December 31,      December 31,      December 31,  
     2014      2013      2014      2013      2014      2013  
     (In thousands)  

Projected benefit obligation

   $ 649,781         466,634         50,850         42,289         137         262   

Accumulated benefit obligation

     498,013         354,914         50,382         41,805         —           —     

Fair value of plan assets

     277,138         365,359         —           —           —           —     

Pretax amounts recognized in the consolidated balance sheet as of December 31, 2014 and 2013 consisted of the following:

 

     2014      2013  
     (In thousands)  

Current liability

   $ (2,982      (3,069

Noncurrent liability

     (420,648      (140,758
  

 

 

    

 

 

 

Total amount recognized in liabilities

$ (423,630   (143,827
  

 

 

    

 

 

 

Accumulated other comprehensive loss, net:

Actuarial loss

$ (223,836   (91,119

Prior service (cost) credit

  (82   (86
  

 

 

    

 

 

 

Total amount recognized in members’equity

$ (223,918   (91,205
  

 

 

    

 

 

 

 

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