Problem 17-16 (Algo) Comprehensivereporting a pension plan; pension spreadsheet; financial statement effects; two years [LO17-3, 17-4, 17-5, 17-6, 17-7, 17-8]

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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024:

Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $7 million per year)	$ 47	million
Net loss-pensions at January 1, 2024 (previous losses exceeded previous gains)	$ 65	million
Average remaining service life of the active employee group	10	years
Actuarys discount rate	10%

($ in millions)

	PBO		Plan Assets
Beginning of 2024	$ 450	Beginning of 2024	$350
Service cost	63
Interest cost, 10%	45	Return on plan assets, 8.0% (10% expected)	28
Loss (gain) on PBO	(3)	Cash contributions	77
Less: Retiree benefits	(55)	Less: Retiree benefits	(55)
End of 2024	$ 500	End of 2024	$400

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025:

($ in millions)

	PBO		Plan Assets
Beginning of 2025	$ 500	Beginning of 2025	$ 400
Service cost	53
Interest cost, 10%	50	Return on plan assets, 15% (10% expected)	60
Loss (gain) on PBO	6	Cash contributions	45
Less: Retiree benefits	(31)	Less: Retiree benefits	(31)
End of 2025	$ 578	End of 2025	$ 474

Problem 17-16 (Algo) Part 6

6. Using T-accounts, determine the balances at December 31, 2025, in the net lossAOCI and prior service costAOCI.

Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).