Refer to the most recent financial statements and related disclosure notes of FedEx Corporation. The financial statements can be found at the company's website: www.fedex.com or via EDGAR at www.sec.gov.
Required:
1. What pension and other postretirement benefit plans does FedEx sponsor for its employees? Explain.
2. What amount does FedEx report in its balance sheet for its pension and other postretirement benefit plans? Explain.
3. FedEx reports three actuarial assumptions used in its pension calculations. Did reported changes in those assumptions from the previous year increase or decrease the projected benefit obligation? Why?