Question: Pension data for David Emerson Enterprises include the following: ($ in millions) Discount rate, 12% Projected benefit obligation, January 1 $ 400 Projected benefit obligation,

Pension data for David Emerson Enterprises include the following:

($ in millions)
Discount rate, 12%
Projected benefit obligation, January 1 $ 400
Projected benefit obligation, December 31 520
Accumulated benefit obligation, January 1 355
Accumulated benefit obligation, December 31 470
Cash contributions to pension fund, December 31 205
Benefit payments to retirees, December 31 65

Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.

Service Cost: ? million

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