Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help on; e, f and g please (just the X marks). Thank you. Pension Benefits Retiree Health $937 $11,855 36 7 295 34 4

image text in transcribedimage text in transcribedimage text in transcribed

Need help on; e, f and g please (just the X marks). Thank you.

Pension Benefits Retiree Health $937 $11,855 36 7 295 34 4 14 December 31, 2015 ($ millions) Change in Benefit Obligation Benefit obligation, January 1 Service cost Interest cost Plan participants' contributions Actuarial loss Currency exchange rate changes Plan amendments and curtailments Benefits paid/settlements Benefit obligation, December 31 Change in Plan Assets Fair value of plan assets, January 1 Actual return on plan assets Employer contribution Plan participants' contributions Currency exchange rate changes Benefits paid/settlements Other Fair value of plan assets, December 31 Net funded status at December 31 (332) (538) (17) (638) $10,665 (4) (25) (31) (77) $855 $- $9,214 (89) 309 63 4 14 (440) (638) (77) $8,356 $- $(2,309) $(855) Pension Benefits Retiree Health $36 $7 34 295 (376) 96 1 2 (18) 89 (22) 142 2 December 31, 2015 ($millions) Components of Net Periodic Benefit Cost Service cost Interest cost Expected return on plan assets Recognized net actuarial loss Amortization of prior service credit Recognized settlement loss Recognized curtailment gain Defined benefit plans Defined contribution plans Total net periodic cost Other Changes in Plan Assets and Benefit obligations Recognized in Other Comprehensive Income Net actuarial loss Prior service credit Amortization of net actuarial loss Amortization of net prior service credit Curtailment gain Total recognized in other comprehensive income 100 $242 $2 $125 (16) (185) (2) $(4) (32) (1) 18 22 $(78) $3 (e) How much cash did Xerox contribute to its pension and health care plans in 2015? Pension = $ 0 * million Health Care = $0 * million (f) How much cash did retirees receive in 2015 from the pension plan and the health care plan? Pension = $ 0 x million Health Care = $ 0 * million How much cash did Xerox pay these retirees in 2015? $ 0 million (g) Show the computation of the 2015 funded status for the pension and health care plans. Do not use negative signs with your answers. Pension : $10,665 million - $ 0 * million = $ 0 * million underfunded - Health Care : $0 million - $ 0 x million = $ 0 x million underfunded

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Megan Noel, Dan French

2nd Edition

1465246479, 9781465246479

More Books

Students also viewed these Finance questions

Question

What are the three goals of the FDIC?

Answered: 1 week ago

Question

4 What is the recruitment phase?

Answered: 1 week ago