Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 124

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 124
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 Company estimates its benefit payments for its postretirement benefit plans during the next ten years to be as follows:Years Ending December 31, U.S. Non-U.S. Total2025$1,282 $775 $2,057 20261,244 793 2,037 20271,190 791 1,981 20281,147 792 1,939 20291,085 824 1,909 2030 - 20344,489 4,389 8,878 OtherOther postretirement benefits recorded in the Company’s consolidated balance sheets include $1,489 and $1,794 as of December 31, 2024 and 2023, respectively, for termination indemnity plans in Europe.

70

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Dollar amounts in thousands except per share and share amounts)

14. Other Expense, Net

The components of other expense, net were as follows: Year Ended December 31, 202420232022Deconsolidation of joint venture (1) $— $— $(2,257)Foreign currency losses(12,001)(7,300)(1,131)Components of net periodic benefit cost other than service cost(3,321)(6,992)(1,831)Factoring costs(2,904)(2,226)(710)Miscellaneous income288 820 444 Other expense, net$(17,938)$(15,698)$(5,485)

(1)     Loss attributable to deconsolidation of a joint venture in the Asia Pacific region, which required adjustment to fair value.

15. Income Taxes

The components of the Company’s loss before income taxes and adjustment for noncontrolling interests were as follows: Year Ended December 31, 202420232022Domestic$(131,954)$(249,582)$(154,779)Foreign30,476 55,199 (45,721)Total$(101,478)$(194,383)$(200,500)The Company’s income tax expense consists of the following: Year Ended December 31, 202420232022Current:Federal$1,670 $848 $(2,280)State121 41 154 Foreign20,327 13,857 13,764 Deferred:Federal1,468 (123)74 State31