Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 41

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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$4,548 

18

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

Other Postretirement BenefitsThree Months Ended September 30,20252024U.S.Non-U.S.U.S.Non-U.S.Service cost$5 $72 $6 $45 Interest cost144 189 142 192 Amortization of prior service credit and actuarial (gain) loss(644)3 (730)3 Net periodic benefit (income) cost$(495)$264 $(582)$240 Other Postretirement BenefitsNine Months Ended September 30,20252024U.S.Non-U.S.U.S.Non-U.S.Service cost$15 $213 $18 $134 Interest cost432 558 426 577 Amortization of prior service credit and actuarial (gain) loss(1,932)9 (2,190)10 Net periodic benefit (income) cost$(1,485)$780 $(1,746)$721 The service cost component of net periodic benefit cost (income) is included in cost of products sold and selling, administrative and engineering expenses in the condensed consolidated statements of operations. All other components of net periodic benefit cost (income) are included in other (expense) income, net, in the condensed consolidated statements of operations for all periods presented.The decrease in net periodic benefit cost for the U.S. defined benefit plan for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 was primarily due to the April 2024 termination of the U.S. Pension Plan. As previously disclosed in the Company’s 2024 Annual Report, the Company further de-risked its retirement-related plans by transferring approximately $137,000 of pension benefit obligations and related plan assets to an insurance company. As a result of this transaction, the Company recognized a one-time, non-cash pension settlement charge of $44,571 ($45,974 net of tax) during the nine months ended September 30, 2024. This charge primarily reflects the accelerated recognition of accumulated actuarial losses previously recorded in AOCI in the condensed consolidated balance sheets.

10. Other (Expense) Income, Net

The components of other (expense) income, net were as follows:Three Months Ended September 30,Nine Months Ended September 30,202520