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Pension data for Millington Enterprises include the following: ($ in millions) Discount rate, 10% Projected benefit obligation, January 1 $ 450 Projected benefit obligation, December
| Pension data for Millington Enterprises include the following: |
| ($ in millions) | |||
| Discount rate, 10% | |||
| Projected benefit obligation, January 1 | $ | 450 | |
| Projected benefit obligation, December 31 | 550 | ||
| Accumulated benefit obligation, January 1 | 385 | ||
| Accumulated benefit obligation, December 31 | 500 | ||
| Cash contributions to pension fund, December 31 | 235 | ||
| Benefit payments to retirees, December 31 | 71 | ||
| Required: |
| Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31. |
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