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The following information relates to Hatami Company's defined benefit pension plan during the current reporting year: Plan assets at fair value, January 1 $610,000,000 Expected
The following information relates to Hatami Company's defined benefit pension plan during the current reporting year:
Plan assets at fair value, January 1 | $610,000,000 | ||
Expected return on plan assets | 51,000,000 | ||
Actual return on plan assets | 41,000,000 | ||
Contributions to the pension fund (end of year) | 91,000,000 | ||
Amortization of net loss | 0 | ||
Pension benefits paid (end of year) | 33,000,000 | ||
Pension expense | 61,000,000 | ||
Required: Determine the balance of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.)
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