Company: ASTE
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000792987-25-000029
Chunk: 9

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 in markets that are not active; or inputs other than quoted prices that are observable for the asset or liability.Level 3 -Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date.As indicated in the tables below, the Company has determined that all of its financial assets and liabilities as of March 31, 2025 and December 31, 2024 are Level 1 and Level 2 in the fair value hierarchy defined above:March 31, 2025(in millions)Level 1Level 2TotalFinancial assets:Trading equity securities:Deferred compensation programs' mutual funds$5.3 $— $5.3 Preferred stocks0.3 — 0.3 Equity funds0.6 — 0.6 Trading debt securities:Corporate bonds3.1 — 3.1 Agency bonds— 1.5 1.5 U.S. government securities1.9 — 1.9 Asset-backed securities— 7.6 7.6 Exchange traded funds0.8 — 0.8 Mortgage backed securities— 0.4 0.4 Other0.3 0.3 0.6 Total financial assets$12.3 $9.8 $22.1 Financial liabilities:Deferred compensation programs' liabilities$— $6.4 $6.4 Total financial liabilities$— $6.4 $6.4 

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December 31, 2024(in millions)Level 1Level 2TotalFinancial assets:Trading equity securities:Deferred compensation programs' mutual funds$5.1 $— $5.1 Preferred stocks0.3 — 0.3 Equity funds0.6 — 0.6 Trading debt securities:Corporate bonds3.2 — 3.2 Agency bonds— 1.5 1.5 U.S. government securities2.4 — 2.4 Asset-backed securities— 7.1 7.1 Exchange traded funds0.8 — 0.8 Mortgage backed securities— 0.4 0.4 Other0.2 0.3 0.5 Total financial assets$12.6 $9.3 $21.9 Financial liabilities:Deferred