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Bates Corp 2018 annual report disclosed the following pension information: Benefit obligations and fair values of...

Bates Corp 2018 annual report disclosed the following pension information:

Benefit obligations and fair values of plan assets as of December 31, 2018, for Bates’ pension and postretirement plans are as follows:

In millions

Benefit

Obligation

Fair Value of

Plan Assets

U.S. pension

$13,683

$10,312

U.S. postretirement

280

–

Non-U.S. pension

219

153

Non-U.S. postretirement

23

–

What conclusions can you draw about the funded status of the company's pension plans and post employment obligation? Is this a concern?

Why or why not Explain.

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