(Answered) Question pension data for millington enterprises include

Accounting

Question: Pension data for Millington Enterprises include the following:

	($ in millions)
Discount rate, 10%
Projected benefit obligation, January 1	$360
Projected benefit obligation, December 31	465
Accumulated benefit obligation, January 1	300
Accumulated benefit obligation, December 31	415
Cash contributions to pension fund, December 31	150
Benefit payments to retirees, December 31	54

Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.

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