Abbott Laboratories' has a defined benefit retirement plan. The company's 2013 annual report includes the following excerpt about these plans (in millions):

Projected benefit obligations, January 1, 2013	$11,322
Service cost benefits earned during the year	303
Interest cost on projected benefit obligations	276
Actuarial losses (gains)	(650	)
Benefits paid	(185	)
Separation of AbbVie Inc.	(4,654	)
Other, including foreign currency translation	20
Projected benefit obligations, December 31, 2013	$6,432
Plans' assets at fair value, January 1, 2013	$7,949
Actual return on plan assets	727
Company contributions	724
Benefits paid	(185	)
Separation of AbbVie Inc.	(3,107	)
Other, primarily foreign currency translation	15
Plan assets at fair value, December 31, 2013	$6,123

What is the funded status of this plan?

Select one:

A. The plan is underfunded by $309 millionB. The plan is overfunded by $309 millionC. The plan is underfunded by $6,432 millionD. The plan is overfunded by $6,123 millionE. None of the above