Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 465

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 7
Chunk 465
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 of year$250.9 $261.4 Prepaid benefit cost at end of year:Funded status$19.5 $13.5 Recognized on balance sheet:Other noncurrent assets$19.5 $13.5 Recognized in accumulated other comprehensive loss, before tax:Net actuarial loss$50.2 $56.6 The components of net periodic cost for the Pension Plan are presented below: 202520242023 (in millions)Service cost$0.7 $0.6 $0.8 Components of net periodic cost excluded from operating income:Interest cost12.0 13.9 13.9 Expected return on plan assets(14.4)(13.0)(13.9)Amortization of actuarial net loss2.2 3.1 3.7 Pension (benefit) expense other than service(0.2)4.0 3.7 Net periodic cost$0.5 $4.6 $4.5 Pension Plan activity in accumulated other comprehensive loss, before tax, in 2025 is presented below (in millions):Balance at beginning of year$56.6 Actuarial gain(4.2)Prior year actuarial loss amortization to net periodic cost(2.2)Balance at end of year$50.2 

F- 25

Table of ContentsIndex to Financial Statements

We amortize amounts in accumulated other comprehensive loss representing unrecognized prior year service cost and unrecognized loss related to the Pension Plan over the weighted average life expectancy of the inactive participants.  Actuarial gains and losses are amortized using a corridor approach.  The gain/loss corridor is equal to 10% of the greater of the benefit obligation and the market-related value of assets.  Gains and losses in excess of the corridor are generally amortized over the average remaining lifetime of the plan participants.We expect to amortize $0.7 million of unrecognized loss into net periodic expense from accumulated other comprehensive loss in 2026.Strategic asset allocations, tactical range as of September 30, 2025 and actual asset allocations are as follows:Strategic asset allocationActual asset allocations at September 30,  Tactical range202520242023Fixed income investments70 %67 %-73 %69 %69 %70 %Equity investments30 27 %-33 %30