Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 139

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 139
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4.1)$(1.1)(i) Service cost is reported in selling, general and administrative expenses. All other components of net periodic pension expense (income) are reported in other (expense), net in the consolidated statements of income (loss).Management’s significant assumption used in the determination of the defined benefit pension plan obligations with respect to the U.S. pension plans, is the discount rate. Weighted-average assumptions used to determine net periodic pension expense (income) are as follows: U.S. PlansInternational PlansYear ended December 31,202420232022202420232022Discount rate5.70 %6.04 %3.18 %4.24 %4.80 %1.73 %Expected long-term rate of return on assets7.00 %7.10 %6.50 %4.82 %4.44 %3.88 %Weighted-average assumptions used to determine benefit obligations at December 31 are as follows:Discount rate6.09 %5.70 %6.04 %5.10 %4.24 %4.80 %The company’s investment policy targets and ranges for each asset category are as follows: U.S.InternationalAsset CategoryTargetRangeTargetRangeEquity securities40 %35-45%1 %0-1%Debt securities44 %39-49%57 %52-62%Real estate0 %0 %1 %0-1%Cash0 %0-5%0 %0-0%Other16 %11-21%41 %34-49%The company periodically reviews its asset allocation, taking into consideration plan liabilities, local regulatory requirements, plan payment streams and then-current capital market assumptions. The actual asset allocation for each plan is monitored at least quarterly, relative to the established policy targets and ranges. If the actual asset allocation is close to or out of any of the ranges, a review is conducted. Rebalancing will occur toward the target allocation, with due consideration given to the liquidity of the investments and transaction costs.The objectives of the company’s investment strategies are as follows: (a) to provide a total return that, over the long term, increases the ratio of plan assets to liabilities by maximizing investment return on assets, at a level of risk deemed appropriate, (b) to maximize return on assets by investing in equity securities in the U.S. and for international