In a recent year's financial statements, Procter & Gamble showed an unfunded pension liability of ($ 2,096)

Question:

In a recent year's financial statements, Procter \& Gamble showed an unfunded pension liability of $\$ 2,096$ million and a periodic pension cost of $\$ 268$ million.
Explain the meaning of the $\$ 2,096$ million unfunded pension liability and the $\$ 268$ million periodic pension cost.objs. $2,3,4$

Fantastic news! We've Found the answer you've been seeking!