Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 40

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 16
Chunk 40
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49 %5.76 %Rate of compensation increase4.25 %4.03 %Benefit obligationsDiscount rate5.27 %5.41 %Rate of compensation increase4.27 %4.25 %Actuarial developed yield curves are used to determine discount rates. The expected return on plan assets assumption is determined by reviewing the investment returns of the plans for the past 10 years plus longer-term historical returns of an asset mix approximating the Company’s asset allocation targets, and periodically comparing these returns to expectations of investment advisors and actuaries to determine whether long-term future returns are expected to differ significantly from the past.The Company’s non-U.S. Plan asset allocations at December 31, 2024 and 2023 follow:Non-U.S. PlansDecember 31, 2024December 31, 2023Debt securities20 %23 %Insurance arrangements22 %20 %Other58 %57 %Total100 %100 %The Company did not have any U.S Plan assets at December 31, 2024 or 2023.The primary objective for the investment of plan assets is to secure participant retirement benefits while earning a reasonable rate of return. Plan assets are invested consistent with the principles of prudence and diversification with a long-term investment horizon. The strategy for plan assets is to minimize concentrations of risk by investing primarily in companies in a diversified mix of industries worldwide, while targeting neutrality in exposure to market capitalization levels, growth versus value profile, global versus regional markets, fund types and fund managers. The approach for debt securities emphasizes investment-grade corporate and government debt with maturities matching a portion of the longer duration pension liabilities. Leveraging techniques are not used and the use of derivatives in any fund is limited and inconsequential.The fair values of defined benefit plan assets, organized by asset class and by the fair value hierarchy of ASC 820 as outlined in “Note 1 - Summary of Significant Accounting Policies” follow:Level 1Level 2Level 3TotalPercentageDecember 31, 2024Debt securities$— $2.8 $— $2.8 20 %Insurance arrangements— — 3.1 3.1 22 %Other— — 8.1 8.1 58 %Total$— $2.8 $11.2 $14.0 100 %December 31, 2023Debt