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FLO has a defined benefit retirement plan. The company's 2020 annual report includes the following excerpt about these plans (in millions). Plans' assets at fair
FLO has a defined benefit retirement plan. The company's 2020 annual report includes the following excerpt about these plans (in millions).
Plans' assets at fair value, January 1, 2020 $6,772
Actual return on plan assets 582
Company contributions 631
Benefits paid (242)
Other, including foreign currency translation (201)
Plan assets at fair value, December 31, 2020 $7,542
What was the pension-related cash flow for ABC during 2020
1) $582 million cash inflow
2) $242 million cash ouftlow
3) $582 million cash outfow
4) $631 million cash outflow
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