Company: ATO
Filing Date: 2025-11-14
Form Type: 10-K
Source: 0000731802-25-000056
Chunk: 124

Company: ATMOS ENERGY CORP
Filing Date: 2025-11-14
Form: 10-K
Item: Item 8
Chunk 124
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692 255,800 Actual return on plan assets21,500 47,857 Employer contributions— — Benefits paid(2,808)(2,965)Fair value of plan assets at end of year319,384 300,692 Reconciliation:Funded status52,330 31,301 Unrecognized transition obligation— — Unrecognized prior service cost— — Unrecognized net loss— — Accrued postretirement cost$52,330 $31,301 

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Table of ContentsATMOS ENERGY CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Net periodic postretirement cost for the Retiree Medical Plan for fiscal 2025, 2024, and 2023 is presented in the following table. Fiscal Year Ended September 30 202520242023 (In thousands)Components of net periodic postretirement cost:Service cost$8,132 $6,028 $6,183 Interest cost (1)13,463 14,034 13,911 Expected return on assets (1)(15,325)(12,511)(11,215)Amortization of prior service credit (1)(13,040)(13,040)(13,142)Recognized actuarial gain (1)(9,716)(10,872)(7,452)Net periodic postretirement cost$(16,486)$(16,361)$(11,715)(1)    The components of net periodic cost other than the service cost component are included in the line item other non-operating income in the consolidated statements of comprehensive income or are capitalized on the consolidated balance sheets as a regulatory asset or liability, as described in Note 2 to the consolidated financial statements.We are currently recovering other postretirement benefits costs through our regulated rates in substantially all of our service areas under accrual accounting as prescribed by accounting principles generally accepted in the United States. Other postretirement benefits costs have been specifically addressed in rate orders in each jurisdiction served by our Kentucky/Mid-States, West Texas, Mid-Tex, and Mississippi Divisions as well as our Kansas jurisdiction and APT or have been included in a rate case and not disallowed. Management believes that this accounting method is appropriate and will continue to seek rate recovery of accrual-based expenses in its ratemaking jurisdictions that have not yet approved the recovery of these expenses.The following tables set forth by level,