Company: AWK
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001410636-25-000150
Chunk: 56

Company: American Water Works Company, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 costs: For the Three Months Ended June 30,For the Six Months Ended June 30, 2025202420252024Components of net periodic pension benefit cost:  Service cost$4 $4 $7 $9 Interest cost22 21 43 42 Expected return on plan assets(23)(23)(45)(47)Amortization of prior service credit(1)(1)(2)(2)Amortization of actuarial loss6 6 11 12 Net periodic pension benefit cost$8 $7 $14 $14 Components of net periodic other postretirement benefit credit:Service cost$— $— $— $1 Interest cost3 3 6 6 Expected return on plan assets(3)(3)(6)(6)Amortization of prior service credit(8)(8)(16)(16)Net periodic other postretirement benefit credit$(8)$(8)$(16)$(15)The Company contributed $11 million and $22 million for the funding of its defined benefit pension plans for the three and six months ended June 30, 2025, respectively, and contributed $11 million and $22 million for the funding of its defined benefit pension plans for the three and six months ended June 30, 2024, respectively. The Company expects to make additional pension contributions to the plan trusts of $22 million during the remainder of 2025.

Note 11: Commitments and ContingenciesContingenciesThe Company is routinely involved in legal actions incident to the normal conduct of its business. As of June 30, 2025, the Company has accrued approximately $19 million of probable loss contingencies and has estimated that the maximum amount of loss associated with reasonably possible loss contingencies arising out of such legal actions, which can be reasonably estimated, is $4 million. For certain legal actions, the Company is unable to estimate possible losses. The Company believes that damages or settlements, if any, recovered by plaintiffs in such legal actions, other than as described in this Note 11—Commitments and Contingencies, will not have a material adverse effect on the Company.

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Dunbar, West Virginia Class Action Litigation Proposed SettlementOn the evening of June 23, 2015, a 36-inch pre-stressed concrete transmission water main, installed in the early 1970s, failed. The water main is part of the West Relay pumping