Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 198

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 198
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128 $26 2026112 26 2027109 25 2028106 24 2029103 24 2030 - 2034472 99 

 -108-

Elevance Health, Inc.Notes to Consolidated Financial Statements (continued)

The components of net periodic benefit credit included in the consolidated statements of income are as follows:202420232022Pension BenefitsInterest cost$63 $68 $52 Expected return on assets(117)(127)(101)Recognized actuarial loss14 9 16 Settlement loss6 7 28 Net periodic benefit credit$(34)$(43)$(5)Other BenefitsInterest Cost$12 $14 $7 Expected return on assets(22)(21)(26)Amortization of prior service credit(1)(2)(4)Recognized actuarial gain(1)— — Net periodic benefit credit$(12)$(9)$(23)The net amounts included in accumulated other comprehensive income (loss) that have not been recognized as components of net periodic benefit costs are as follows: Pension BenefitsOther Benefits 2024202320242023Net actuarial gain (loss)$(580)$(625)$55 $38 Prior service credit— — — 2 Net amount before tax at end of year$(580)$(625)$55 $40 The pre-tax amounts recognized in other comprehensive loss are as follows:202420232022Pension BenefitsNet actuarial gain (loss)  $25 $31 $(91)Recognized actuarial loss14 9 16 Settlement loss6 7 28 Total pre-tax other comprehensive income (loss)$45 $47 $(47)Other BenefitsNet actuarial gain (loss) $17 $34 $(32)Recognized actuarial gain(1)— — Prior service credit(1)(2)(5)Total pre-tax other comprehensive income (loss)$15 $32 $(37)The accumulated benefit obligation for the defined benefit pension plans was $1,262 and $1,391 at December 31, 2024 and 2023, respectively. As of December 31, 2024, certain pension plans had accumulated benefit obligations in excess of plan assets. Such plans had accumulated benefit obligation and fair value of plan assets of $38 and $0, respectively. In addition, certain plans had