Bates Corp 2018 annual report disclosed the following pension information:

Benefit obligations and fair values of plan assets as of December 31, 2018, for Bates pension and postretirement plans are as follows:

In millions	Benefit Obligation	Fair Value of Plan Assets
U.S. pension	$13,683	$10,312
U.S. postretirement	280
Non-U.S. pension	219	153
Non-U.S. postretirement	23

What conclusions can you draw about the funded status of the company's pension plans and post employment obligation? Is this a concern?

Why or why not Explain.