liquidity

There is a difference between GAAP and IFRS on how they report the pension expense. GAAP allows for Actual ROA reporting where IFRS just reports Expected ROA. (look it up, I'm serious here).

Also, GAAP has the 'net transition liability' in their pension expense.

Whatever amortized items (actuarial loss, net transition liability, past service cost) is not included in the pension expense is included in equity; whereas in IFRS it's included in the pension asset.