The financial statements of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively. The complete annual reports, including the notes to the financial statements, are available online.
Instructions
Use the companies' financial information to answer the following questions related to adidas and Puma.
a. What kind of pension plans do adidas and Puma provide their employees?
b. What net periodic pension expense (cost) did adidas and Puma report in 2015?
c. What is the year-end 2015 funded status of adidas's and Puma's plans?
d. What relevant rates were used by adidas and Puma in computing their pension amounts?
e. Compare the expected benefi t payments and contributions for adidas and Puma.