Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 119

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 119
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 plans are actuarially determined. The discount rate utilized to determine the periodic cost for the years ended December 31, 2024, 2023 and 2022 was 4.53%, 4.76% and 2.23%. AOCI included the following components of unrecognized net periodic benefit for the postretirement plans:As of December 31(in thousands)20242023Unrecognized actuarial gain$(7,308)$(8,988)Unrecognized prior service credit— — Gross Amount(7,308)(8,988)Deferred tax liability2,097 2,527 Net Amount$(5,211)$(6,461)Multiemployer Pension Plans.  In 2024, 2023 and 2022, the Company contributed to one multiemployer defined benefit pension plan under the terms of a collective-bargaining agreement that covered certain union-represented employees. The Company’s total contributions to the multiemployer pension plan amounted to $0.1 million in each year for 2024, 2023 and 2022.

Savings Plans.  The Company recorded expense associated with retirement benefits provided under incentive savings plans (primarily 401(k) plans) of approximately $3.5 million in 2024, $13.0 million in 2023 and $11.6 million in 2022. 

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16.    OTHER NON-OPERATING INCOME

A summary of non-operating income is as follows:Year Ended December 31(in thousands)202420232022Net gain on sale of businesses$8,121 $15,618 $22,679 Foreign currency gain (loss), net5,415 (1,141)(2,023)Net (loss) gain on cost method investments(1,526)3,104 6,883 Impairment of cost method investments(744)(500)(1,305)Gain on sale of investment in affiliates15 15 604 Gain on sale of cost method investments7 958 3,294 Other, net1,258 1,040 3,368 Total Other Non-Operating Income$12,546 $19,094 $33,500 The net (loss) gain on cost method investments result from observable price changes in the fair value of the underlying equity securities accounted for under the cost method (see Notes 4 and 12).For the years ended December 31,