YUM! Brands, Inc., reports the following pension footnote in its 10-K report.

a. Describe what is meant by service cost and interest cost.

b. What is the source of funds to make payments to retirees?

c. Show the computation of the 2017 funded status for Yum.

d. What net pension amount is reported on its 2017 balance sheet?

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Pension December 27 (In mllons) Benefits 2017 Change in benefit obligation: Projected benefit obligation at beginning of year . Service cost .... $ 993 10 Interest cost 41 Plan amendments. 2 Curtailments..... Special termination benefits Benefits paid...... Settlement payments Actuarial (gain) loss Administrative expense.. (2) 2 (76) (73) 115 (5) Projected benefit obligation at end of year.. $1,007 Change in plan assets: Fair value of plan assets at beginning of year Actual return on plan assets... Employer contributions... Settlement payments Benefits paid...... Administrative expenses. $ 837 129 52 (73) (76) (5) .... ..... Fair value of plan assets at end of year.. $ 864 Funded status-end of year.... $ (143)