Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows:

	($ millions)
PBO balance, January 1	$580
Plan assets balance, January 1	200
Service cost	75
Interest cost	55
Gain from change in actuarial assumption	24
Benefits paid	(56)
Actual return on plan assets	15
Contributions 2024	65

The expected long-term rate of return on plan assets was 9%. There were no AOCI balances related to pensions on January 1, 2024, but at the end of 2024, the company amended the pension formula, creating a prior service cost of $14 million.

Required:

Prepare the journal entries to record (a) pension expense, (b) gains or losses, (c) prior service cost, (d) funding, and (e) payment of benefits for 2024.