Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 106

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 106
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 market participants would use in pricing the asset or liability at the measurement date.

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Table of Contents

As indicated in the tables below, the Company has determined that all of its financial assets and liabilities as of December 31, 2024 and 2023 are Level 1 and Level 2 in the fair value hierarchy as defined above: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 $21.9 Financial liabilities:Deferred compensation programs' liabilities$— $6.1 $6.1 Total financial liabilities$— $6.1 $6.1 December 31, 2023(in millions)Level 1Level 2TotalFinancial assets:Trading equity securities:Deferred compensation programs' mutual funds$4.2 $— $4.2 Preferred stocks0.3 — 0.3 Equity funds0.7 — 0.7 Trading debt securities:Corporate bonds3.4 — 3.4 Agency bonds— 2.5 2.5 U.S. government securities1.9 — 1.9 Asset-backed securities— 4.0 4.0 Exchange traded funds1.3 — 1.3 Mortgage backed securities— 0.5 0.5 Other0.2 0.5 0.7 Total financial assets$12.0 $7.5 $19.5 Financial liabilities:Derivative financial instruments$— $0.1 $0.1 Deferred compensation programs' liabilities— 5.5 5.5 Total financial liabilities$