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Pension data for Matta Corporation include the following for…
Pensiоn dаtа fоr Mаtta Cоrporation include the following for the current calendar year: ($ in millions)Discount rate, 10% PBO, January 1$ 372PBO, December 31462ABO, January 1212ABO, December 31287Cash contributions to pension fund, December 31112Benefit payments to retirees, December 31$ 66 Required:Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the current year.Note: Enter your answers in millions.
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