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8-K
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 04/07/2016
Entire Document
 
BRIGHT HOUSE NETWORKS, LLC AND SUBSIDARIES
Notes to Consolidated Financial Statements
December 31, 2015, 2014 and 2013


The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the pension plan, the supplemental pension plan and other postretirement plans as of December 31, 2015 and 2014 consisted of the following:

 
Pension
 
Supplemental
 
Other
 
Plan
 
Pension Plan
 
Postretirement Plans
 
December 31,
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
$
659,960

 
649,781

 
45,767

 
50,850

 
96

 
137

Accumulated benefit obligation
522,565

 
498,013

 
45,767

 
50,382

 

 

Fair value of plan assets
308,249

 
277,138

 

 

 

 


Pretax amounts recognized in the consolidated balance sheet as of December 31, 2015 and 2014 consisted of the following:

 
 
2015
 
2014
 
 
(In thousands)
 
 
 
 
 
Current liability
 
$
(2,904
)
 
(2,982
)
Noncurrent liability
 
(394,670
)
 
(420,648
)
 
 
 
 
 
Total amount recognized in liabilities
 
$
(397,574
)
 
(423,630
)
 
 
 
 
 
Accumulated other comprehensive loss, net:
 
 
 
 
Actuarial loss
 
$
(183,019
)
 
(223,836
)
Prior service cost
 
(391
)
 
(82
)
 
 
 
 
 
Total amount recognized in member's
 
 
 
 
equity
 
$
(183,410
)
 
(223,918
)

The components of net periodic benefit costs for the years ended December 31, 2015, 2014 and 2013 consisted of the following:

 
 
2015
 
2014
 
2013
 
 
(In thousands)
 
 
 
 
 
 
 
Service cost
 
$
43,432

 
33,554

 
38,324

Interest cost
 
30,472

 
25,251

 
22,483

Expected return on plan assets
 
(21,672
)
 
(27,990
)
 
(23,404
)
Recognized actuarial loss
 
12,716

 
3,722

 
10,688

Amortization of prior service cost
 
5

 
5

 
5

 
 
 
 
 
 
 
Net periodic pension cost
 
$
64,953

 
34,542

 
48,096


 
16

(Continued)