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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

 

The components of net periodic benefit costs for the years ended December 31, 2014, 2013 and 2012 consisted of the following:

 

     2014      2013      2012  
     (In thousands)  

Service cost

   $ 33,554         38,324         34,420   

Interest cost

     25,251         22,483         20,688   

Expected return on plan assets

     (27,990      (23,404      (20,570

Recognized actuarial loss

     3,722         10,688         9,022   

Amortization of prior service cost

     5         5         16   
  

 

 

    

 

 

    

 

 

 

Net periodic pension cost

$ 34,542      48,096      43,576   
  

 

 

    

 

 

    

 

 

 

The estimated amounts that are expected to be amortized from accumulated other comprehensive loss, net, into net periodic benefit costs in 2015 include:

 

Amortization of actuarial loss

$ 12,771   

Amortization of prior service cost

  5   
  

 

 

 
$ 12,776   
  

 

 

 

 

     2014     2013     2012  

Weighted average assumptions used to determine projected benefit obligations and net periodic cost:

      

Discount rate used to determine projected benefit obligation - pension plan

     4.40     5.00     4.25

Discount rate used to determine projected benefit obligation - supplemental pension plan and other postretirement plans

     4.10        5.00        4.25   

Discount rate used to determine net periodic cost

     5.00        4.25        4.60   

Expected long-term return on plan assets

     7.50        7.50        8.00   

Rate of compensation increase used to determine projected benefit obligation

     4.00        4.00        4.00   

Rate of compensation increase used to determine net periodic pension cost

     4.00        4.00        4.00   

Healthcare cost trend rate assumed for next year

     7.20        7.20        7.00   

Rate to which the cost is assumed to decline (ultimate trend rate)

     4.50        4.50        5.00   

Year that the rate reaches the ultimate trend rate

     2027        2027        2027   

The mortality tables used to determine benefit obligations as of December 31, 2014, 2013 and 2012 consisted of the following: RP 2014 generational mortality table with MP - 2014 projection scale and no collar adjustment for 2014, and the PPA Separate static annuitant and non-annuitant tables for the respective years in 2013 and 2012.

The discount rate used by the Company in calculating the net periodic benefit cost for the Qualified Pension Plan and the Supplemental Pension Plan was determined using the Mercer Pension Discount Yield Curve - Above Mean Yield. The Pension Discount Yield Curve also includes additional AA rated bonds and further to allow usage of above mean bonds for determination of the discount rate.

In developing the expected long-term rate of return on assets, the Plan evaluates input from investment consultants, actuaries, and investment management firms based on their long term investment outlook and computation of historical returns. Expectations of returns for each asset class are the most significant of the

 

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