Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2018, Lacy received the following information:

Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2018, Lacy received the following information Projected Benefit Obligation millions) Balance, January 1 Service cost Prior service cost Interest cost (7.5%) Benefits paid Balance, December 31 S360 60 12 27 (37) $422 (S millions) Plan Assets Balance, January 1 Actual return on plan assets Contributions 2018 Benefits paid $240 27 60 (37) $290 Balance, December 31 The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2018. At the end of 2018, Lacy amended the pension formula creating a prior service cost of $12 million. n nrenarec ite finanrial ctatomante areordinn to Internatinnal Finanrial Rennrtinn Standarrde and that the Prev 5015 Next