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M10-16. Analyzing and Interpreting Pension DisclosuresExpenses and Returns Stanley Black & Decker Inc. discloses the following pension footnote for 2018 in its 10-K report. U.S.

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M10-16. Analyzing and Interpreting Pension DisclosuresExpenses and Returns Stanley Black & Decker Inc. discloses the following pension footnote for 2018 in its 10-K report. U.S. Plans Non-U.S. Plans Total $ millions Service cost Interest cost. Expected return on plan assets Amortization of prior service cost (credit) Actuarial loss amortization Settlement/curtailment loss Net periodic pension (benefit) expense ... $ 7.5 42.8 (68.7) 1.1 7.8 $15.2 28.6 (46.5) (1.3) 8.5 0.7 $ 5.2 $ 22.7 71.4 (115.2) (0.2) 16.3 0.7 $ (9.5) $ (4.3) a. How much pension expense does Stanley Black & Decker report in its 2018 income statement? b. Explain, in general, how expected return on plan assets affects reported pension expense. How did expected return affect Stanley Black & Decker's 2018 pension expense? c. Explain use of the word expected as it relates to pension plan assets

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