AMR Corporation (parent company of American Airlines) reported the following (in millions).
Service cost $366
Interest on P. B.O. 737
Return on plan assets 593
Amortization of prior service cost 13
Amortization of net loss 154
A) Compute AMR Corporation’s pension expense?

$677,000,000

Explanation:

Given that,

Service cost = $366 ,000,000

Interest on P.B.O. = 737 ,000,000

Return on plan assets = 593 ,000,000

Amortization of prior service cost = 13 ,000,000

Amortization of net loss = 154,000,000

Pension expense:

= Service cost + Interest on PBO - Return on plan assets + Amortization of prior service cost + Amortization of net loss

= $366,000,000 + $737,000,000 - $593,000,000 + $13,000,000 + $154,000,000

= $677,000,000

previous business sales - c.

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