On January 1, 2021, Medical Transport Company’s accumulated postretirement benefit obligation was $200 million

Accounting Oct 26, 2020

On January 1, 2021, Medical Transport Company’s accumulated postretirement benefit obligation was $200 million. At the end of 2021, retiree benefits paid were $17 million. Service cost for 2021 is $9 million. Assumptions regarding the trend of future health care costs were revised at the end of 2021, causing the actuary to revise downward the estimate of the APBO by $5 million. The actuary’s discount rate is 8%.

Determine the amount of the accumulated postretirement benefit obligation at December 31, 2021.

APBO: _______

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