4. Given below is pension information for 2016 from pension footnotes and other sources (in millions). Benefit obligation at year-end is total pension liability based on PBO; pension expense is net periodic benefit cost; prepaid pension cost/obligation is net pension asset or liability position on the balance sheet (reported as part of other assets or other liabilities, if negative) PPG DuPont Dow Benefit Obligation at Year-End Fair Value of Plan Assets Net Periodic Benefit Cost Prepaid Pension Cost Total Assets Net Income 24831 30280 3252 16656 21208 1609 577 1780 1101 523 629 740 15769 39964 79511 2513 4318 877 a. Calculate funding status (overfunded or underfunded, based on prepaid pension cost), [pension obligation / total assets]; [prepaiede pertieon cost (obligation) / total assets]; and [pension expense net income]. Note: Net pension benefit cost is a negative expense for these companies (increases net income), because of positive expected return on plan assets. PPG DuPont Dow Over or Underfunded Benefit Obligation /Total Assets Prepaid Pension Cost/Total Assets Pension Expense/ Net Income thre Compare the pension plans companies. Are there any concerns? Explain. 4. Given below is pension information for 2016 from pension footnotes and other sources (in millions). Benefit obligation at year-end is total pension liability based on PBO; pension expense is net periodic benefit cost; prepaid pension cost/obligation is net pension asset or liability position on the balance sheet (reported as part of other assets or other liabilities, if negative) PPG DuPont Dow Benefit Obligation at Year-End Fair Value of Plan Assets Net Periodic Benefit Cost Prepaid Pension Cost Total Assets Net Income 24831 30280 3252 16656 21208 1609 577 1780 1101 523 629 740 15769 39964 79511 2513 4318 877 a. Calculate funding status (overfunded or underfunded, based on prepaid pension cost), [pension obligation / total assets]; [prepaiede pertieon cost (obligation) / total assets]; and [pension expense net income]. Note: Net pension benefit cost is a negative expense for these companies (increases net income), because of positive expected return on plan assets. PPG DuPont Dow Over or Underfunded Benefit Obligation /Total Assets Prepaid Pension Cost/Total Assets Pension Expense/ Net Income thre Compare the pension plans companies. Are there any concerns? Explain