Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 581

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 581
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 on or after January 1, 2000 and prior to January 1, 2007 are eligible to participate in the plan on a full contributory basis until Medicare-eligible based on age and service. Employees hired on or after January 1, 2007 are not eligible to participate in the plan. The Corporation funds the pre-1992 retiree plan benefits with bank-owned life insurance. Effective January 1, 2022, the plan moved from a self-insured plan to the Medicare and pre-65 individual marketplace with a funded Health Reimbursement Arrangement account for those with subsidized coverage. This change did not have a material impact on the Corporation's consolidated financial condition, results of operations or cash flow.

F-83

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

The following table sets forth reconciliations of plan assets and the projected benefit obligation, the weighted-average assumptions used to determine year-end benefit obligations, and the amounts recognized in accumulated other comprehensive loss for the Corporation’s defined benefit pension plans and postretirement benefit plan at December 31, 2024 and 2023. The Corporation used a measurement date of December 31, 2024 for these plans.Defined Benefit Pension PlansQualifiedNon-QualifiedPostretirement Benefit Plan(dollar amounts in millions)202420232024202320242023Change in fair value of plan assets:Fair value of plan assets at January 1$2,681 $2,508 $— $— $45 $46 Actual return on plan assets164 338 — — — 1 Benefits paid(114)(165)— — (2)(2)Fair value of plan assets at December 31$2,731 $2,681 $— $— $43 $45 Change in projected benefit obligation:Projected benefit obligation at January 1$1,629 $1,611 $169 $163 $17 $21 Service cost35 31 2 2 — — Interest cost82 85 9 9 1 1 Actuarial (loss) gain(51)67 — 10 (1)(3)Benefits paid(114)(165)(15)(15)(2)(2)Projected benefit obligation at December 31$1,581 $1,629 $165 $169 $