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Pension And Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Schedule Of Plan Obligations In Excess Of Plan Assets

	Pension Benefits				Postretirement Benefits
	2013		2012		2013		2012
Benefit obligation at beginning of year	$	58,911	$	56,110	$	37,431	$	34,953
Service cost - benefits earned during the period		1,321		1,216		352		336
Interest cost on projected benefit obligation		2,429		2,800		1,532		1,725
Amendments		0		(905)		(4,460)		(2,768)
Actuarial (gain) loss		(2,390)		6,707		(2,098)		4,844
Special termination benefits		255		12		1		5
Benefits paid		(3,966)		(5,729)		(2,473)		(2,608)
Transfer for sale of Advertising Solutions segment		0		(149)		0		(207)
Plan transfers		0		(1,151)		0		1,151
Benefit obligation at end of year	$	56,560	$	58,911	$	30,285	$	37,431

		Pension Benefits				Postretirement Benefits
		2013		2012		2013		2012
Current portion of employee benefit obligation¹		$	-	$	-	$	(1,949)	$	(2,116)
Employee benefit obligation²			(9,322)		(13,851)		(19,376)		(26,020)
Net amount recognized		$	(9,322)	$	(13,851)	$	(21,325)	$	(28,136)
¹	Included in "Accounts payable and accrued liabilities."
²	Included in "Postemployment benefit obligation."

	2013		2012
Projected benefit obligation	$	(2,280)	$	(2,456)
Accumulated benefit obligation		(2,227)		(2,392)
Fair value of plan assets		-		-

Schedule Of Defined Benefit Plan And Postretirement Benefits Disclosure

		Pension Benefits				Postretirement Benefits
		2013		2012		2013		2012
Fair value of plan assets at beginning of year		$	45,060	$	45,907	$	9,295	$	9,890
Actual return on plan assets			5,935		5,041		1,347		1,266
Benefits paid¹			(3,966)		(5,729)		(1,682)		(1,842)
Contributions			209		3		-		-
Transfer for sale of Advertising Solutions segment			-		(165)		-		(19)
Other			-		3		-		-
Fair value of plan assets at end of year³			47,238		45,060		8,960		9,295
Unfunded status at end of year²		$	(9,322)	$	(13,851)	$	(21,325)	$	(28,136)
¹	At our discretion, certain postretirement benefits may be paid from AT&T cash accounts, which does not reduce
	VEBA assets. Future benefit payments may be made from VEBA trusts and thus reduce those asset balances.
²	Funded status is not indicative of our ability to pay ongoing pension benefits or of our obligation to fund retirement trusts.
	Required pension funding is determined in accordance with ERISA regulations.
³	Net assets available for benefits at December 31, 2013 were $56,447 and include a $9,209 preferred equity interest in AT&T Mobility II LLC, as discussed below.

	2013		2012
Plan assets recognized in the consolidated financial statements	$	47,238	$	45,060
Preferred equity interest in Mobility		9,209		-
Net assets available for benefits	$	56,447	$	45,060

	Pension Benefits						Postretirement Benefits
	2013		2012		2011		2013		2012		2011
Service cost – benefits earned during the period	$	1,321	$	1,216	$	1,186	$	352	$	336	$	362
Interest cost on projected benefit obligation		2,429		2,800		2,958		1,532		1,725		2,051
Expected return on assets		(3,312)		(3,520)		(3,690)		(706)		(811)		(1,040)
Amortization of prior service credit		(94)		(15)		(15)		(1,161)		(927)		(694)
Actuarial (gain) loss		(5,013)		5,206		4,498		(2,738)		4,247		1,672
Net pension and postretirement (credit) cost	$	(4,669)	$	5,687	$	4,937	$	(2,721)	$	4,570	$	2,351

	Pension Benefits						Postretirement Benefits
	2013		2012		2011		2013		2012		2011
Balance at beginning of year	$	641	$	92	$	102	$	4,766	$	3,655	$	2,951
Prior service (cost) credit		-		559		-		2,765		1,686		1,134
Amortization of prior service credit		(58)		(10)		(10)		(719)		(575)		(430)
Total recognized in other comprehensive (income) loss		(58)		549		(10)		2,046		1,111		704
Balance at end of year	$	583	$	641	$	92	$	6,812	$	4,766	$	3,655

Net Periodic Benefit Cost	2013		2012		2011
Service cost – benefits earned during the period	$	9	$	10	$	14
Interest cost on projected benefit obligation		101		116		126
Amortization of prior service cost (credit)		-		-		2
Actuarial (gain) loss		(106)		230		81
Net supplemental retirement pension cost	$	4	$	356	$	223

Other Changes Recognized in Other Comprehensive Income	2013		2012		2011
Prior service (cost) credit	$	(1)	$	(1)	$	6
Amortization of prior service cost (credit)		-		-		1
Total recognized in other comprehensive (income) loss (net of tax)	$	(1)	$	(1)	$	7

Schedule Of Assumptions In Determining The Projected Benefit Obligation And Net Pension And Postretirement Benefit Cost

	2013		2012		2011
Discount rate for determining projected benefit obligation at December 31	5.00	%	4.30	%	5.30	%
Discount rate in effect for determining net cost	4.30	%	5.30	%	5.80	%
Long-term rate of return on plan assets	7.75	%	8.25	%	8.25	%
Composite rate of compensation increase for determining projected benefit obligation	3.00	%	3.00	%	4.00	%
Composite rate of compensation increase for determining net pension cost (benefit)	3.00	%	4.00	%	4.00	%

The Effect Of A One Percentage-Point Change In The Assumed Combined Medical And Dental Cost Trend Rate

		One Percentage-		One Percentage-
		Point Increase		Point Decrease
Increase (decrease) in total of service and interest cost components	$	207	$	(179)
Increase (decrease) in accumulated postretirement benefit obligation		1,010		(878)

Schedule Of Defined Benefit Plan Targeted And Actual Plan Asset Allocations

	Pension Assets									Postretirement (VEBA) Assets
	Target					2013		2012		Target					2013		2012
Equity Securities:
Domestic	25	%	-	35	%	25	%	26	%	20	%	-	30	%	25	%	37	%
International	10	%	-	20	%	16		16		15	%	-	25	%	20		33
Fixed income securities	30	%	-	40	%	33		34		19	%	-	29	%	24		24
Real assets	6	%	-	16	%	11		11		0	%	-	6	%	1		1
Private equity	4	%	-	14	%	12		13		0	%	-	9	%	4		4
Other	0	%	-	5	%	3		0		21	%	-	31	%	26		1
Total						100	%	100	%						100	%	100	%

Schedule Of Fair Value Of Pension And Postretirement Assets And Liabilities By Level

Pension Assets and Liabilities at Fair Value as of December 31, 2013
		Level 1		Level 2		Level 3		Total
Non-interest bearing cash		$	65	$	-	$	-	$	65
Interest bearing cash			-		324		-		324
Foreign currency contracts			-		3		-		3
Equity securities:
Domestic equities			9,841		3		-		9,844
International equities			6,431		7		-		6,438
Fixed income securities:
Asset-backed securities			-		553		3		556
Mortgage-backed securities			-		2,470		-		2,470
Collateralized mortgage-backed securities			-		364		-		364
Collateralized mortgage obligations/REMICS			-		514		-		514
Other Corporate and other bonds and notes			154		5,147		540		5,841
Government and municipal bonds			15		4,566		-		4,581
Private equity funds			-		-		5,724		5,724
Real estate and real assets			-		-		5,194		5,194
Commingled funds			-		6,358		4		6,362
Securities lending collateral			390		3,074		-		3,464
Receivable for variation margin			12		-		-		12
Assets at fair value			16,908		23,383		11,465		51,756
Investments sold short and other liabilities at fair value			(619)		(5)		-		(624)
Total plan net assets at fair value		$	16,289	$	23,378	$	11,465	$	51,132
Other assets (liabilities)¹									(3,894)
Total Plan Net Assets								$	47,238
¹	Other assets (liabilities) include amounts receivable, accounts payable and net adjustment for securities lending payable.

Postretirement Assets and Liabilities at Fair Value as of December 31, 2013
		Level 1		Level 2		Level 3		Total
Interest bearing cash		$	405	$	2,073	$	-	$	2,478
Equity securities:
Domestic equities			1,609		-		-		1,609
International equities			1,527		-		-		1,527
Fixed income securities:
Asset-backed securities			-		35		2		37
Collateralized mortgage-backed securities			-		110		-		110
Collateralized mortgage obligations			-		53		3		56
Other Corporate and other bonds and notes			-		367		18		385
Government and municipal bonds			-		558		1		559
Commingled funds			-		1,899		2		1,901
Private equity assets			-		-		309		309
Real assets			-		-		111		111
Securities lending collateral			19		372		-		391
Foreign exchange contracts receivable			3		-		-		3
Assets at fair value			3,563		5,467		446		9,476
Foreign exchange contracts payable			3		-		-		3
Liabilities at fair value			3		-		-		3

Total plan net assets at fair value		$	3,560	$	5,467	$	446	$	9,473
Other assets (liabilities)¹									(513)
Total Plan Net Assets								$	8,960
¹	Other assets (liabilities) include amounts receivable, accounts payable and net adjustment for securities lending payable.

Pension Assets and Liabilities at Fair Value as of December 31, 2012
		Level 1		Level 2		Level 3		Total
Non-interest bearing cash		$	144	$	-	$	-	$	144
Interest bearing cash			56		235		-		291
Foreign currency contracts			-		1		-		1
Equity securities:
Domestic equities			8,291		-		-		8,291
International equities			6,361		29		-		6,390
Fixed income securities:
Asset-backed securities			-		543		14		557
Mortgage-backed securities			-		2,324		-		2,324
Collateralized mortgage-backed securities			-		311		-		311
Collateralized mortgage obligations/REMICS			-		523		1		524
Other Corporate and other bonds and notes			140		4,903		600		5,643
Government and municipal bonds			50		5,301		-		5,351
Private equity funds			-		-		5,797		5,797
Real estate and real assets			-		-		4,766		4,766
Commingled funds			-		4,927		426		5,353
Securities lending collateral			868		1,930		1		2,799
Receivable for variation margin			72		-		-		72
Assets at fair value			15,982		21,027		11,605		48,614
Investments sold short and other liabilities at fair value			(563)		(7)		-		(570)
Total plan net assets at fair value		$	15,419	$	21,020	$	11,605	$	48,044
Other assets (liabilities)¹									(2,984)
Total Plan Net Assets								$	45,060
¹	Other assets (liabilities) include amounts receivable, accounts payable and net adjustment for securities lending payable.

Postretirement Assets and Liabilities at Fair Value as of December 31, 2012
		Level 1		Level 2		Level 3		Total
Interest bearing cash		$	169	$	243	$	-	$	412
Equity securities:
Domestic equities			2,575		-		-		2,575
International equities			2,685		1		-		2,686
Fixed income securities:
Asset-backed securities			-		29		-		29
Collateralized mortgage-backed securities			-		79		-		79
Collateralized mortgage obligations			-		46		-		46
Other Corporate and other bonds and notes			1		383		17		401
Government and municipal bonds			22		598		-		620
Commingled funds			82		2,038		4		2,124
Private equity assets			-		-		343		343
Real assets			-		-		110		110
Securities lending collateral			544		81		-		625
Assets at fair value			6,078		3,498		474		10,050
Total plan net assets at fair value		$	6,078	$	3,498	$	474	$	10,050
Other assets (liabilities)¹									(755)
Total Plan Net Assets								$	9,295
¹	Other assets (liabilities) include amounts receivable, accounts payable and net adjustment for securities lending payable.

Summary of Changes In The Fair Value Of The Level 3 Pension And Postretirement Assets

Pension Assets		Equities		Fixed Income Funds		Private Equity Funds		Real Estate and Real Assets		Total
Balance at beginning of year	$	-	$	1,042	$	5,797	$	4,766	$	11,605
Realized gains (losses)		(3)		53		390		122		562
Unrealized gains (losses)		3		(8)		546		525		1,066
Transfers in		-		5		-		-		5
Transfers out		-		(442)		-		-		(442)
Purchases		-		75		1,214		354		1,643
Sales		-		(178)		(2,223)		(573)		(2,974)
Balance at end of year	$	-	$	547	$	5,724	$	5,194	$	11,465

Postretirement Assets		Fixed Income Funds		Private Equity Funds		Real Assets		Total
Balance at beginning of year	$	21	$	343	$	110	$	474
Realized gains (losses)		-		2		12		14
Unrealized gains (losses)		1		58		4		63
Transfers in		1		-		-		1
Transfers out		(1)		-		-		(1)
Purchases		5		89		27		121
Sales		(1)		(183)		(42)		(226)
Balance at end of year	$	26	$	309	$	111	$	446

Pension Assets	Equities		Fixed Income Funds		Private Equity Funds		Real Estate and Real Assets		Total
Balance at beginning of year	$	4	$	824	$	5,931	$	5,213	$	11,972
Realized gains (losses)		(1)		16		459		165		639
Unrealized gains (losses)		1		33		32		10		76
Transfers in		-		120		12		24		156
Transfers out		-		(2)		-		-		(2)
Purchases		-		142		610		918		1,670
Sales		(4)		(91)		(1,247)		(1,564)		(2,906)
Balance at end of year	$	-	$	1,042	$	5,797	$	4,766	$	11,605

Postretirement Assets	Fixed Income Funds		Private Equity Funds		Real Assets		Total
Balance at beginning of year	$	24	$	437	$	124	$	585
Realized gains (losses)		-		58		16		74
Unrealized gains (losses)		-		(39)		(5)		(44)
Purchases		-		20		33		53
Sales		(3)		(133)		(58)		(194)
Balance at end of year	$	21	$	343	$	110	$	474

Estimated Future Benefit Payments

	Pension Benefits		Postretirement Benefits		Medicare Subsidy Receipts
2014	$	7,376	$	2,265	$	(19)
2015		4,294		2,271		-
2016		4,197		2,222		-
2017		4,115		2,171		-
2018		4,029		2,129		-
Years 2019 - 2023		19,589		9,921		-

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References+ Details