Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 119

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 119
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10% of the greater of i) the projected benefit obligations or ii) the fair value of plan assets for a particular plan are amortized over the average future service period of the employees in that plan.The accumulated benefit obligations for all domestic and international defined benefit pension plans was $9,782 and $103,186 as of December 31, 2024 and $161,813 and $118,760 as of December 31, 2023, respectively. As of December 31, 2024, the fair value of plan assets for one of the Company’s defined benefit plans exceeded the projected benefit obligations of $15,384 by $3,253.The components of net periodic benefit cost (income) for the Company’s defined benefit plans were as follows:  Year Ended December 31, 202420232022  U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.Service cost$— $2,338 $— $2,161 $771 $2,755 Interest cost2,252 4,774 9,254 5,198 7,062 2,782 Expected return on plan assets(1,701)(1,319)(8,451)(1,230)(9,293)(949)Amortization of prior service cost and actuarial loss680 211 3,110 24 886 1,574 Settlement loss (gain)44,571 87 16,285 (248)— (410)Curtailment (gain) loss— (105)— — 3,092 — Net periodic benefit cost$45,802 $5,986 $20,198 $5,905 $2,518 $5,752 Plan AssumptionsWeighted average assumptions used to determine benefit obligations as of December 31, 2024 and 2023 were as follows:  December 31, 2024December 31, 2023  U.S. Non-U.S. U.S. Non-U.S.Discount rate5.50%4.21%4.70%4.00%Rate of compensation increaseN/A3.14%N/A3.20%Cash balance interest credit rateN/AN/A2.41%N/AWeighted average assumptions used to determine net periodic benefit cost (income) for the