Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 128

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 128
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ized debt issuance costs, respectively. Refer to Note 6, Debt.

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8.  PENSION AND POSTRETIREMENT HEALTH AND LIFE BENEFITS

The Company provides retirement benefits to certain employees and retirees. The Company has one qualified defined benefit pension plan, one postretirement health and life benefit plan and two nonqualified plans. The components of net periodic benefit costs (credits) for the defined benefit pension plans were as follows (in millions):Three Months Ended  June 30,Six Months Ended  June 30,2025202420252024Service costs$0.1 $0.5 $0.2 $1.0 Interest costs0.4 3.8 0.8 7.6 Amortization of prior service costs (credits), net(0.1)— (0.1)(0.1)Remeasurement gain— (16.6)— (16.6)Expected return on plan assets (gains)(0.4)(4.7)(0.9)(9.3)Net periodic benefit costs (credits)$— $(17.0)$— $(17.4)The components of net periodic benefit costs for the postretirement health and life benefit plan were as follows (in millions):Three Months Ended  June 30,Six Months Ended  June 30,2025202420252024Interest costs$1.1 $1.1 $2.2 $2.2 Net periodic benefit costs$1.1 $1.1 $2.2 $2.2 The Company reports service costs for its defined benefit pension plans and its postretirement health and life benefit plans in Cost of Sales and Selling, General and Administrative Expenses. The remaining components of net periodic benefit (credits) costs are reported as Nonoperating Components of Net Periodic Benefit Loss (Income).During the second quarter of 2024, the Company determined that it was probable that lump sum payouts for 2024 would be greater than the annual service and interest cost components of the annual net periodic benefit cost for two of its defined benefit pension plans. In addition, on May 28, 2024, the Company entered into an agreement with an insurer (“Insurer”) for two of its defined benefit plans to purchase a group annuity contract and transferred approximately $234.0 million of its pension plan obligations to the Insurer. The purchase of