THIS IS YOUR FIFTH REAL WORLD ASSIGNMENT, AND IS A BIT MORE COMPLEX THAN THE LAST ONES. THIS EXERCISE WILL REQUIRE THAT YOU GO TO THE SEC WEBSITE

1) Submit the first page of the Coca-Cola Co’s 10-K for year ended 31-December-2022. You must submit a PDF of the filing.

NOTE: The filing must have the web address on the upper left corner of the page.

1 – Find Coca-Cola Co on the SEC EDGAR website.

2 – Find the most recent 10-K (31-December-2022). Use the HTML filing.

3 – When you select print, the destination printer should be “Save as a PDF” or “Microsoft Print to PDF” for Chrome, Microsoft Edge or Firefox. Print only the first page.

4 – Save the file as “Coco Cola – 10K – YOUR INITIALS“

Upload Choose a File

2) Refer to Note 13: Pensions and Other Postretirement Benefit Plans.

Look for the subheading “Components of Net Periodic Benefit Cost (Income)“

What net periodic pension expense (income) did Coca-Cola Co report in 2022 as recognized in the consolidated statements of income? Enter the value reported, with negative values indicating income, and positive values indicating an expense.

NOTE: Coca-Cola calls the Pension Income/Expense “Net Periodic Benefit Cost (Income)” for their pension plans.

Remember to adjust the amount presented for the units. If the column title has (in millions), then you need to add 000,000 to your answer.

e.g., Amount (In Millions) = 1

Your Answer = 1,000,000

3) Refer to Note 13: Pensions and Other Postretirement Benefit Plans.

Look for the subheading “Obligations and Funded Status“

The 2022 year-end funded status table of Coca-Cola’s worldwide pension plans reports not only the Benefit Obligation and the Fair Value of the Pension Plans, but also the Net Asset (Liability). What is the Net Asset (Liability) for the 2022 year-end?

Remember to adjust the amount presented for the units. If the column title has (in millions), then you need to add 000,000 to your answer.

e.g., Amount (In Millions) = 1

Your Answer = 1,000,000

4) Submit the first page of the PepsiCo’s 10-K for year ended 31-December-2022. You must submit a PDF of the filing.

NOTE: The filing must have the web address on the upper left corner of the page.

1 – Find PepsiCo on the SEC EDGAR website.

2 – Find the most recent 10-K (31-December-2022). Use the HTML filing.

3 – When you select print, the destination printer should be “Save as a PDF” or “Microsoft Print to PDF” for Chrome, Microsoft Edge or Firefox. Print only the first page.

4 – Save the file as “PepsiCo – 10K – YOUR INITIALS“

Upload Choose a File

5) Refer to Note 7: Pension, Retiree Medical and Savings Plans.

Search for the phrase “The components of total pension and retiree medical benefit costs are as follows”

The table directly below that phrase identifies the annual pension expense for both the U.S. and International pension funds. What net periodic pension expense (income) did PepsiCo report in 2022 for the U.S. as recognized in the consolidated statements of income? Enter the value reported, with negative values indicating income, and positive values indicating an expense.

NOTE: PepsiCo calls the Pension Income/Expense “Pension Cost,” with the “Total” listed in the table representing the Pension Cost.

Note: Do not include the International amounts of Pension Expense (Income)

Remember to adjust the amount presented for the units. If the column title has (in millions), then you need to add 000,000 to your answer.

e.g., Amount (In Millions) = 1

Your Answer = 1,000,000

6) Refer to Note 7: Pension, Retiree Medical and Savings Plans.

Look for the phrase “The following table provides the weighted-average assumptions.”

Below this sentence, there is a table that lists the discount rates used to calculate the expected return on plan assets, the interest and service costs of the pension plan, and the projected benefit obligation. For the year-ended 2022, what was the expected return on plan assets for the International pension fund?