TIME WARNER INC. | 2013 | FY | 3


Benefit Obligation (millions)

   December 31,
   2013 2012
       
 Change in benefit obligation:      
 Projected benefit obligation, beginning of year $ 4,224 $ 3,733
 Service cost   3   3
 Interest cost   170   178
 Actuarial (gain) loss   (262)   444
 Benefits paid   (167)   (133)
 Settlements   -   (32)
 Plan amendments   -   (1)
 Foreign currency exchange rates   26   32
 Projected benefit obligation, end of year $ 3,994 $ 4,224
 Accumulated benefit obligation, end of year $ 3,955 $ 4,171
        

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