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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