Lender Company provides postretirement health care benefits to employees who provide at least $10$ years of service and reach the age of $65$ while in service. On January $1$ of the current calendar year, the following plan$-$related data were avaliable, On January $1$ of the current year, Lender amends the plan to provide dental benefits. The actuary determines that the cost of making the amendment increases the APBO by $\backslash (\backslash$$ $11,000,000\backslash ).$ Management chooses to amortize this amount on a straightline basis. The service cost is $\backslash (\backslash$$ $31,000,000\backslash ).$ The appropriate interest rate is $\backslash (10\backslash \%\backslash ).$ Required: Calculate the postretirement benefit expense for the current year. Note: Enter your answers in millions rounded to $2$ decimal places $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}50.$

Lender Company provides postretirement health care benefits to employees who provide at least $10$ years of service and reach the age of $65$ while in service. On January $1$ of the current calendar year, the following plan$-$related data were available.

APBO balance

Fair value of plan assets

Average remaining service period to retirement

Average remaining service period to full eligibility

$$153,000,000$

none

$25$ years

$20$ years

On January $1$ of the current year, Lender amends the plan to provide dental benefits. The actuary determines that the cost of making the amendment increases the APBO by $$23,000,000.$ Management chooses to amortize this amount on a straight$-$line basis. The service cost is $$43,000,000.$ The appropriate interest rate is $10\%.$

Required:

Calculate the postretirement benefit expense for the current year.

Note: Enter your answers in millions rounded to $2$ decimal places $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}50.$

$\backslash$table$[[$Postretirement Benefit Expense,$($$ in millions$)],[$Service cost$,$$$4,300,000\mathrm{.}00$