Question 3 Not complete Marked out of 5.00 P Flag question 36 Reformulating Financial Statements for Pension Contributions Xerox Corporation reports the following pension and retiree health care ("Other") footnote as part of its 10-K report. Pension Retiree December 31, 2015 ($ millions) Benefits Health Change in Benefit Obligation Benefit obligation, January 1 $ 12,299 $957 Service cost Interest cost 295 Plan participants' contributions Actuarial loss Currency exchange rate changes Plan amendments and curtailments (17) Benefits paid/settlements (638) Benefit obligation, December 31 $ 11,109 Change in Plan Assets Fair value of plan assets, January 1 $ 9,608 Actual return on plan assets (89) Employer contribution 329 Plan participants' contributions Currency exchange rate changes (440) Benefits paid/settlements (638) (77) Other (4) Fair value of plan assets, December 31 58,770 Net funded status at December 31 5 (2,339) 5(875) Pension Retiree December 31, 2015 (5 millions) Benefits Health Components of Net Periodic Benefit Cost Type here to search Pension Retiree December 31, 2015 (5 millions) Benefits Health Components of Net Periodic Benefit Cost Service cost Interest cost 295 34 Expected return on plan assets (376) Recognized net actuarial loss Amortization of prior service credit Recognized settlement loss Recognized curtaiment loss Defined benefit plans Defined contribution plans Total net periodic cost Other Changes in Plan Assets and benefit Obligations Recognised in Other Comprehensive Income Net actuarial loss $ 125 $14 Prior service credit Amortization of net actuarial loss (185) (1) Amortization of net prior service credit Curtaiment gan Total recognized in other comprehensive income 578) S3 Use the above information, along with the two prior years information below, to answer the requirements. $ millions 2013 2014 Cash contributions to pension plan $200 $314 a. Use the three-year average of the employer contribution to pension benefits (in dollar terms) to reformulate the statement of cash flows for each of the three years 2013, 2014, and 2015. See Analyst Adjustments 10.2 for guidance in the reformulation process. Compute the 3 year average employer contribution to pension benefits. Round to the nearest whole number. $ 0 ($ millions) Type here to search a. Use the three year average of the employer contribution to pension benefits in dollar term) to reformulate the statement of cash flows for each of the three years 2013, 2014, and 2015. See Analyst Adjustments 10.2 for guidance in the reformulation process Compute the 3 year average employer contribution to pension benefits. Round to the nearest whole number, S0 5 millions) Use rounded figure for subsequent computations Use negative signs with answers to indicate adjustments that reduce account balances. Statement of Cash Flow Austments 2013 2014 2015 Cash from operations b. Reformulate the balance sheet for each of the three years 2013, 2014, and 2015, Assume a tax rate of 354 Round answers to the nearest whole number Use negative signs with answers to indicate adjustments that reduce account balances Balance Sheet A stments 2013 Check Type here to sew Question 3 Not complete Marked out of 5.00 P Flag question 36 Reformulating Financial Statements for Pension Contributions Xerox Corporation reports the following pension and retiree health care ("Other") footnote as part of its 10-K report. Pension Retiree December 31, 2015 ($ millions) Benefits Health Change in Benefit Obligation Benefit obligation, January 1 $ 12,299 $957 Service cost Interest cost 295 Plan participants' contributions Actuarial loss Currency exchange rate changes Plan amendments and curtailments (17) Benefits paid/settlements (638) Benefit obligation, December 31 $ 11,109 Change in Plan Assets Fair value of plan assets, January 1 $ 9,608 Actual return on plan assets (89) Employer contribution 329 Plan participants' contributions Currency exchange rate changes (440) Benefits paid/settlements (638) (77) Other (4) Fair value of plan assets, December 31 58,770 Net funded status at December 31 5 (2,339) 5(875) Pension Retiree December 31, 2015 (5 millions) Benefits Health Components of Net Periodic Benefit Cost Type here to search Pension Retiree December 31, 2015 (5 millions) Benefits Health Components of Net Periodic Benefit Cost Service cost Interest cost 295 34 Expected return on plan assets (376) Recognized net actuarial loss Amortization of prior service credit Recognized settlement loss Recognized curtaiment loss Defined benefit plans Defined contribution plans Total net periodic cost Other Changes in Plan Assets and benefit Obligations Recognised in Other Comprehensive Income Net actuarial loss $ 125 $14 Prior service credit Amortization of net actuarial loss (185) (1) Amortization of net prior service credit Curtaiment gan Total recognized in other comprehensive income 578) S3 Use the above information, along with the two prior years information below, to answer the requirements. $ millions 2013 2014 Cash contributions to pension plan $200 $314 a. Use the three-year average of the employer contribution to pension benefits (in dollar terms) to reformulate the statement of cash flows for each of the three years 2013, 2014, and 2015. See Analyst Adjustments 10.2 for guidance in the reformulation process. Compute the 3 year average employer contribution to pension benefits. Round to the nearest whole number. $ 0 ($ millions) Type here to search a. Use the three year average of the employer contribution to pension benefits in dollar term) to reformulate the statement of cash flows for each of the three years 2013, 2014, and 2015. See Analyst Adjustments 10.2 for guidance in the reformulation process Compute the 3 year average employer contribution to pension benefits. Round to the nearest whole number, S0 5 millions) Use rounded figure for subsequent computations Use negative signs with answers to indicate adjustments that reduce account balances. Statement of Cash Flow Austments 2013 2014 2015 Cash from operations b. Reformulate the balance sheet for each of the three years 2013, 2014, and 2015, Assume a tax rate of 354 Round answers to the nearest whole number Use negative signs with answers to indicate adjustments that reduce account balances Balance Sheet A stments 2013 Check Type here to sew