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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024: Prior service cost at January 1,

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024:

Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $7 million per year) $ 52 million
Net loss-pensions at January 1, 2024 (previous losses exceeded previous gains) $ 65 million
Average remaining service life of the active employee group 10 years
Actuarys discount rate 8 %

($ in millions)

PBO Plan Assets
Beginning of 2024 $ 550 Beginning of 2024 $400
Service cost 68
Interest cost, 8% 44 Return on plan assets, 7.5% (10% expected) 30
Loss (gain) on PBO (3) Cash contributions 79
Less: Retiree benefits (59) Less: Retiree benefits (59)
End of 2024 $ 600 End of 2024 $450

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025:

($ in millions)

PBO Plan Assets
Beginning of 2025 $ 600 Beginning of 2025 $ 450
Service cost 58
Interest cost, 8% 48 Return on plan assets, 18% (10% expected) 81
Loss (gain) on PBO 5 Cash contributions 50
Less: Retiree benefits (36) Less: Retiree benefits (36)
End of 2025 $ 675 End of 2025 $ 545

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6. Using T-accounts, determine the balances at December 31,2025 , in the net loss-AOCl and prior service cost-AOCl. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). 6. Using T-accounts, determine the balances at December 31,2025 , in the net loss-AOCl and prior service cost-AOCl. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)

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