Required information

[The following information applies to the questions displayed below.] Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2018:

Prior service cost at Jan. 1, 2018, from plan amendment at the beginning of 2016 (amortization: $7 million per year)	$	52	million
Net losspensions at Jan.1, 2018 (previous losses exceeded previous gains)	$	65	million
Average remaining service life of the active employee group		10	years
Actuarys discount rate		8	%

($ in millions)

	PBO				Plan Assets
Beginning of 2018	$	550		Beginning of 2018		$	400
Service cost		68		Return on plan assets,
Interest cost, 8%		44		7.5% (10% expected)			30
Loss (gain) on PBO		(3	)	Cash contributions			79
Less: Retiree benefits		(59	)	Less: Retiree benefits			(59	)
End of 2018	$	600		End of 2018		$	450

3. Prepare a pension spreadsheet to assist you in determining end of 2018 balances in the PBO, plan assets, prior service costAOCI, the net lossAOCI, and the pension liability. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.)

Required information

[The following information applies to the questions displayed below.] Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2018:

Prior service cost at Jan. 1, 2018, from plan amendment at the beginning of 2016 (amortization: $7 million per year)	$	52	million
Net losspensions at Jan.1, 2018 (previous losses exceeded previous gains)	$	65	million
Average remaining service life of the active employee group		10	years
Actuarys discount rate		8	%

($ in millions)

	PBO				Plan Assets
Beginning of 2018	$	550		Beginning of 2018		$	400
Service cost		68		Return on plan assets,
Interest cost, 8%		44		7.5% (10% expected)			30
Loss (gain) on PBO		(3	)	Cash contributions			79
Less: Retiree benefits		(59	)	Less: Retiree benefits			(59	)
End of 2018	$	600		End of 2018		$	450

3. Prepare a pension spreadsheet to assist you in determining end of 2018 balances in the PBO, plan assets, prior service costAOCI, the net lossAOCI, and the pension liability. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.)