Pension Benefits | |||||||
September 30, | |||||||
2013 | 2012 | ||||||
(in millions) | |||||||
Accumulated benefit obligation in excess of plan assets | |||||||
Accumulated benefit obligation—end of year | $ | (33 | ) | $ | (39 | ) | |
Fair value of plan assets—end of year | $ | — | $ | — | |||
Projected benefit obligation in excess of plan assets | |||||||
Benefit obligation—end of year | $ | (34 | ) | $ | (40 | ) | |
Fair value of plan assets—end of year | $ | — | $ | — |
Pension Benefits | Other Postretirement Benefits | ||||||||||||||
September 30, | September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
(in millions) | |||||||||||||||
Benefit obligation—beginning of fiscal year | $ | 990 | $ | 839 | $ | 32 | $ | 38 | |||||||
Service cost | 43 | 38 | — | — | |||||||||||
Interest cost | 35 | 40 | 1 | 1 | |||||||||||
Actuarial (gain) loss | (127 | ) | 132 | (4 | ) | (3 | ) | ||||||||
Benefit payments | (44 | ) | (60 | ) | (4 | ) | (4 | ) | |||||||
Settlements | — | 1 | — | — | |||||||||||
Benefit obligation—end of fiscal year | $ | 897 | $ | 990 | $ | 25 | $ | 32 | |||||||
Accumulated benefit obligation | $ | 892 | $ | 982 | NA | NA | |||||||||
Change in Plan Assets: | |||||||||||||||
Fair value of plan assets—beginning of fiscal year | $ | 973 | $ | 783 | $ | — | $ | — | |||||||
Actual return on plan assets | 126 | 166 | — | — | |||||||||||
Company contribution | — | 84 | 4 | 4 | |||||||||||
Benefit payments | (44 | ) | (60 | ) | (4 | ) | (4 | ) | |||||||
Fair value of plan assets—end of fiscal year | $ | 1,055 | $ | 973 | $ | — | $ | — | |||||||
Funded status at end of fiscal year | $ | 158 | $ | (17 | ) | $ | (25 | ) | $ | (32 | ) | ||||
Recognized in Consolidated Balance Sheets: | |||||||||||||||
Non-current asset | $ | 192 | $ | 23 | $ | — | $ | — | |||||||
Current liability | (8 | ) | (8 | ) | (4 | ) | (4 | ) | |||||||
Non-current liability | (26 | ) | (32 | ) | (21 | ) | (28 | ) | |||||||
Funded status at end of fiscal year | $ | 158 | $ | (17 | ) | $ | (25 | ) | $ | (32 | ) | ||||