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The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). ($ in millions) debit (Credit) PBO Plan Assets Prior Service
The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC).
($ in millions) debit (Credit) | PBO | Plan Assets | Prior Service Cost | Net(Gain)loss | Pension Expense | Cash | Net Pension (Liability)/Asset | ||||||||||||||||||||
Beginning balance | (570 | ) | 79 | ||||||||||||||||||||||||
Service cost | 83 | ||||||||||||||||||||||||||
Interest cost | |||||||||||||||||||||||||||
Expected return on assets | (30 | ) | |||||||||||||||||||||||||
Gain/loss on assets | (5.50 | ) | |||||||||||||||||||||||||
Amortization of: | |||||||||||||||||||||||||||
Prior service cost | (13 | ) | |||||||||||||||||||||||||
Net gain/loss | |||||||||||||||||||||||||||
Loss on PBO | (32 | ) | 32 | ||||||||||||||||||||||||
Contributions to fund | (77 | ) | |||||||||||||||||||||||||
Retiree benefits paid | 57 | (57 | ) | ||||||||||||||||||||||||
Ending balance | (656 | ) | 329 | 75 | 99 | (327 | ) | ||||||||||||||||||||
What is OTC's pension expense for the year?
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