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Question text Analyzing and Interpreting Pension FootnoteFunded and Reported Amounts YUM! Brands, Inc., reports the following pension footnote in Note 14 of its 10-K report.

Question text Analyzing and Interpreting Pension FootnoteFunded and Reported Amounts YUM! Brands, Inc., reports the following pension footnote in Note 14 of its 10-K report. December 31 (In millions) U.S. Pension Plans 2011 Change in benefit obligation Benefit obligation at beginning of year $1,108 Service cost 24 Interest cost 64 Curtailment gain (7) Special termination benefits 5 Benefits paid (40) Actuarial (gain) loss 227 Benefit obligation at end of year $1,381 Change in plan assets Fair value of plan assets at beginning of year $907 Actual return on plan assets 83 Employer contributions 53 Benefits paid (40) Administrative expenses (5) Fair value of plan assets at end of year $998 Funded status $(383) a. Show the computation of the 2011 funded status for Yum. Pension obligation $ Answer million Fair value of the plan assets $ Answer million Answer $ Answer million b. What net pension amount is reported on its 2011 balance sheet? Answer $ Answer million

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