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Analyzing Retirement Fund Obligations The following information is taken from the 2014 ann al report...

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Analyzing Retirement Fund Obligations The following information is taken from the 2014 ann al report of the Johnson & Johnson Company (U&): s millions) Projected benefit obligation Plan assets at fair value Net amount recognized in the company's balance sheet (as a liability) 4,314 2014 2013 $26,889 $21,488 22,575 20,901 587 Calculate the amount that j&js retirement fund obligations are underfunded as of each year-end (in millions 2014 $ million 2013 million How much of the underfunding is reported on the company's balance sheet? 2014 s million 2013 $ million

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