Beale Management has a noncontributory, defined benefit pension plan. On December $31,2024($the end of Beale's fiscal year$),$ the following pension$-$related data were available:

$1\mathrm{.}25$

points

$03$:$07$:$35$

$\backslash$table$[[$Projected Benefit obligation,$($$ in millions$)],[$Balance$,$ January $1,2024,$$$480$