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Analyzing Retirement Fund Obligations Assume the following information is taken from the 2014 annual report of the Johnson & Johnson Company (U&): (s millions) Projected

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Analyzing Retirement Fund Obligations Assume the following information is taken from the 2014 annual report of the Johnson & Johnson Company (U&): (s millions) Projected benefit obligation Plan assets at fair value Net amount recognized in the company's balance sheet (as a liability) 5,214 2,374 2014 2013 $27,889 $22,483 22,675 20,109 Calculate the amount that J&'s retirement fund obligations are underfunded as of each year-end (in millions) 2014 $ 0 million 2013 0million How much of the underfunding is reported on the company's balance sheet? 2014 2013 0million x millior Check

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