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Actuary and trustee reports indicate the following changes in the PBO and plan assets of...

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Accounting

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: $6 million per year) $ 51 million
Net losspensions at Jan.1, 2018 (previous losses exceeded previous gains) $ 59 million
Average remaining service life of the active employee group 10 years
Actuarys discount rate 10 %

($ in millions)

PBO Plan Assets
Beginning of 2018 $ 490 Beginning of 2018 $ 400
Service cost 67 Return on plan assets,
Interest cost, 10% 49 9.5% (10% expected) 38
Loss (gain) on PBO (2 ) Cash contributions 66
Less: Retiree benefits (64 ) Less: Retiree benefits (64 )
End of 2018 $ 540 End of 2018 $ 440

6. Using T-accounts, determine the balances at December 31, 2019, in the net lossAOCI and prior service costAOCI. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

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