United states securities and exchange commission

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		108				20				21
Settlements	(159		)		—				(281		)		—				—				—
Plan transfer and acquisitions	—				(3		)		—				—				—				—
Benefit payments	(242		)		(217		)		(139		)		(133		)		(39		)		(38		)
Foreign currency impact	(1,127		)		(257		)		—				—				(35		)		(133		)
At December 31	$	5,675			$	5,903			$	1,683			$	1,951			$	1,076			$	1,019
Market related value at end of year	$	5,675			$	5,903			$	1,819			$	2,064			$	1,076			$	1,019
Amount recognized in Statement of Financial Position at December 31
Funded status	$	801			$	918			$	(1,225	)		$	(1,209	)		$	(151	)		$	(158	)
Unrecognized prior-service cost	19				46				6				9				(6		)		(7		)
Unrecognized loss	1,237				1,465				1,612				1,723				400				389
Net amount recognized	$	2,057			$	2,429			$	393			$	523			$	243			$	224

In March 2016, the Company entered into an insurance contract that covers a portion of the assets within select U.K. pension schemes. The transaction resulted in a decrease in Prepaid pension assets and Accumulated other comprehensive income of $267 million .

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Amounts recognized in the Consolidated Statements of Financial Position consist of (in millions):

	U.K.								U.S.								Other
	2016				2015				2016				2015				2016				2015
Prepaid benefit cost (1)	$	836			$	1,012			$	—			$	—			$	—			$	—
Accrued benefit liability (2)	(35		)		(94		)		(1,225		)		(1,209		)		(151		)		(158		)
Accumulated other comprehensive loss	1,256				1,511				1,618				1,732				394				382
Net amount recognized	$	2,057			$	2,429			$	393			$	523			$	243			$	224

(1)	Included in Prepaid pension

(2)	Included in Other current liabilities and Pension, other post retirement, and post employment liabilities