PBO under U.S. GAAP and IFRS

PBO under U.S. GAAP and IFRS

	U.S. GAAP		IFRS
Unamortized past service cost	37	→	Eliminated from the funded status
PBO (*)	635		635-37= 598; Lower (**)
Funded status	-240		-240-(-37)= -203 (↑, higher than U.S. GAAP)

(*) Pension liability on the B/S

(**)
Funded status = Plan assets - PBO
PBO = Plan assets - Funded status
So,
PBO ↓ = Plan assets - Funded status ↑