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What is the effect of the components of pension expense

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Reference no: EM13847428

Patey Technologies calculated pension expense for its underfunded pension plan as follows:

 

($ in millions)

Service cost

$672

Interest cost

450

Expected return on the plan assets ($300 actual, less $30 gain)

(270)

Amortization of prior service cost

24

Amortization of net loss

6

Pension expense

$882

Required: What is the effect of the components of pension expense on Patey's statement of comprehensive income?

Reference no: EM13847428

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