Pension data for David Emerson Enterprises include the following: ...
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Accounting
Pension data for David Emerson Enterprises include the following:
| ($ in millions) | |||
| Discount rate, 9% | |||
| Projected benefit obligation, January 1 | $ | 400 | |
| Projected benefit obligation, December 31 | 530 | ||
| Accumulated benefit obligation, January 1 | 365 | ||
| Accumulated benefit obligation, December 31 | 480 | ||
| Cash contributions to pension fund, December 31 | 215 | ||
| Benefit payments to retirees, December 31 | 67 | ||
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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