At December 31, 2015, ExxonMobil had 4,156 million shares of outstanding common stock.

The closing market price of each share of stock at December 31, 2015, was $77.95. Presented below are excerpts from the 2015 annual report of ExxonMobil Corporation. The benefit obligations and plan assets associated with the Corporation's principal benefit plans are measured on December 31.

(1) Benefit payments for funded and unfunded plans.
(2) For 2015 and 2014, other postretirement benefits paid are net of $15 million and $21 million of Medicare subsidy receipts, respectively.
For selection of the discount rate for U.S. plans, several sources of information are considered, including interest rate market indicators and the discount rate determined by use of a yield curve based on high-quality, noncallable bonds with cash flows that match estimated outflows for benefit payments. For major non-U.S. plans, the discount rate is determined by using bond portfolios with an average maturity approximating that of the liabilities or spot yield curves, both of which are constructed using high-quality, local-currency-denominated bonds.

(1) Benefit payments for funded plans.
At December 31, 2014, the following amounts were in accumulated other comprehensive income:

1. What is the amount of assets or liabilities recognized on ExxonMobil's balance sheet for its U.S. pension benefits at December 31, 2015?
2. Compute the December 31, 2015, balance of Accumulated Other Comprehensive Income-Actuarial Losses (Gains) for the U.S. Pension Plans. The amounts are before taxes. Be sure to label your items and show your computations. The Net pension enhancement and curtailment/settlement cost of $499 million in pension expense should be treated in the same way that you treat Amortization of actuarial loss/(gain).

3. Based on information in the pension note, would you expect the 2016 expense for the U.S. pension plans to be higher or lower than its 2015 amount? Explain.
4. Compute the short-term pension risk ratio and the short-term OPEB risk ratio as of December 31, 2015. Consider U.S. and non-U.S. pension plans.
5. Compute the long-term pension risk ratio and the long-term OPEB risk ratio as of December 31, 2015. Consider U.S. and non-U.S. pension plans.
6. Based on your answers to requirements 4 and 5, explain whether ExxonMobil has significant pension and OPEB risk.

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Pension Benefits Other Postretirement Benefits U.S. Non-U.S 2015 2014 2015 2014 2015 2014 (percent) Weighted-average assumptions used to determine benefit obligations at December 31 Discount rate 4.25 4.00 3.60 3.10 4.25 4.00 5.75 5.754.805.30 5.75 5.75 Long-term rate of compensation ncrease (millions of dollars) Change in benefit obligation Benefit obligation at Janay 20,529 Service cost Interest cost Actuarial loss/(gain) Benefits paid (1) (2) Foreign exchange rate changes Amendments, divestments, and other 864 785 (545) 3,192 (1,517) 4,929 (617) 1,522 17,304 30,047 27,357 590 677 807 9,436 7,868 140 383 170 346 689 850 ,138 (2,050) (1,427) ,287) ,366 (482) (525) (3,242) (2,540) 0 (48) 96 Benefit obligation at December 31 19.583 20,529 25.117 30,047 8,282 9436 24 423) (61) 465) Accumulated benefit obligation at December 31 15,666 16,38522,362 26,318 Pension Benefits Other Postretirement Benefits Non-US. 2015 2014 2015 2015 2014 (millions of dollars) Change in plan assets Fair value at January 1 Actual return on plan assets Foreign exchange rate changes Company contribution Benefit paid (1) Other 12,915 ,190 20,095 19,283 468 620 918 3,153 (2,109) (1,738) 554 1,632 (1,248) (890) (912) (112) 245 10,985 12,915 18,41720,095 (307) 1,497 4 1,476 515 31 (96) (224) Fair value at December 31 Other Postretirement (millions of dollars) U.S. Pension 6,589 Non-U.S. Ponsion $ 9,642 Net actuarial loss (gain) Prior service cost $ 2,997 51 Pension Benefits Non-U.S. 2015 2014 2013 2015 2014 2013 2015 2014 2013 Weighted-average (percent) assumptions used to determine net periodic benefit cost for years ended December 31 Discount rate Long-term rate of return .00 5.00 4.00 3.10 4.30 3.80 4.00 5.00 4.00 on funded assets Long-term rate of 7.00 7.25 7.25 5.90 6.306.40 7.00 7.25 7.25 compensation increase 5.75 5.75 5.75 5.30 5.40 5.50 5.75 5.75 5.75 Components of net (millions of dollars) periodic benefit cost Service cost Interest cost Expected return on plan 864 677 80 689 590 697170 140 176 785 807 749 850 ,138 1076 346 383 352 (830) (799) (835) (1,094) (1.193) 1128 (28 (37) (41) 44 409 646 730 628 852 206 116 228 8 7 87120 117 24) 4 21 loss/(gain) service cost and curtailment Amortization of prior Net pension enhancement settlement cost 499 276 723 22 Net periodic benefit cost 1,868 1,378 1 1.284 1,283 1.636 670 616 736 Accumulated Other Comprehensive Income- Actuarial Losses (Gains) for U.S. Pension Plans Beginning $6,589 Ending