Refer to the 2015 financial statements and related disclosure notes of FedEx Corporation. The financial statements can

Question:

Refer to the 2015 financial statements and related disclosure notes of FedEx Corporation. The financial statements can be found at the company's website (www.fedex.com).

Required:

1. What pension and other postretirement benefit plans does FedEx sponsor for its employees? Explain.

2. What amount does FedEx report in its balance sheet for its pension and other postretirement benefit plans? Explain.

3. FedEx reports three actuarial assumptions used in its pension calculations. Did reported changes in those assumptions from the previous year increase or decrease the projected benefit obligation? Why?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...