Refer to the 2017 financial statements and related disclosure notes of FedEx Corporation. The financial statements can

Question:

Refer to the 2017 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. Does FedEx sponsor defined benefit pension plans for its employees? Defined contribution plans? Postretirement healthcare plans?

2. What amount does FedEx report in its balance sheet in 2017 for its U.S. pension plans? For its postretirement healthcare plans?

3. FedEx reports three actuarial assumptions used in its calculations of the projected benefit obligation. What were those three amounts in 2017? Did reported changes in those assumptions from the previous year increase, decrease, or have no effect on the projected benefit obligation?

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...

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