International Paper Company's 2016 annual report disclosed the following post-employment information: In millions Change in projected benefit obligation Benefit obligation, January 1 Service cost Interest cost Participants' contributions Actuarial (gain) loss Plan amendments Benefits paid 2016 2015 $275 $ 306 12 31 (44) Less: Federal subsidy Currency impact Benefit obligation, December 31 2 $ 280 $275 Change in plan assets Fair value of plan assets, January 1 Company contributions Participants' contributions Benefits paid Fair value of plan assets, December 31 45 12 (57) 39 (44) a. How much total benefits did former employees receive during the year? b. How much did the company pay to former employees for post-employment benefits during the year? c. What proportion of the obligation is funded? Explairn