Analyzing and Interpreting Pension and Health Care Footnote. How much cash did Norfolk Southern pay...
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Analyzing and Interpreting Pension and Health Care Footnote.
How much cash did Norfolk Southern pay these retirees in 2018?
I have tried a number of answers for this field that were all incorrect including 185, 37, 44, 42, and many more. Nothing seems to be correct. Thanks!
39 7 Analyzing and Interpreting Pension and Health Care Footnote Norfolk Southern Railroad reports the following pension and other postretirement benefits footnote as part of its 10-K report. Other Post- Pension Retirement December 31, 2018 ($ millions) Benefits Benefits Change in Benefit obligation Benefit obligation at beginning of year $2,541 $510 Service cost Interest cost 83 15 Actuarial losses (gains) (149) (24) Benefits paid/settlements (143) (42) Benefit obligation at end of year $2,371 $466 Change in plan assets Fair Value of plan assets at beginning of year $2,373 $201 Actual return on plan assets (143) (19) Employer contribution Benefits paid (143) (42) Fair value of plan assets at end of year $2,105 $158 Net cost benefit Service cost $ 39 $7 Interest cost 83 Expected return on plan assets (177) (15) Amortization of net losses 57 Amortization of prior service cost (benefit) (24) Net cost (benefit) $2 $(17) 18 18 15 (1) How much cash did retirees receive in 2018 from the pension plan and other postretirement benefits plans? Pension = $ 143 million Postretirement benefits = $ 42 million How much cash did Norfolk Southern pay these retirees in 2018? $ 15 x million
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