Panther Products sponsors a defined benefit pension plan. The following information pertains to that plan:

Service cost for 2007

$480 million

Actual and expected return on plan assets for 2007

105 million

2000 amortization of unrecognized prior service cost

15 million

Interest on pension obligation for 2007

150 million

Retiree benefits paid during 2007

30 million

The pension expense that Panther should report in its 2007 income statement is:

(A)$510 million

(B)$540 million

(C)$630 million

(D)$750 million