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Actuary and trustee reports indicate the following changes in the PBO and plan assets of...

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Accounting

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Mahomes Industries during 2024 :
Prior service cost at January 1,2024, from plan amendment at the beginning of 2021
(amortization: $8 million per year)
Net loss-AOCI at January 1,2024(previous losses exceeded previous gains)
Average remaining service life of the active employee group
Actuary's discount rate
$56 million
$280 million
10 years
7%
\table[[\table[[ in millions)],[PBO]],,Plan Assets,],[Beginning of 2024,$1,000,Beginning of 2024,$800
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