Company: THS
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001320695-25-000107
Chunk: 60

Company: TreeHouse Foods, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 employees and retirees participate in pension and other postretirement benefit plans. Employee benefit plan obligations and expenses included in the Condensed Consolidated Financial Statements are determined based on plan assumptions, employee demographic data, including years of service and compensation, benefits and claims paid, and employer contributions.Components of net periodic pension (benefit) cost are as follows: Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024 (In millions)(In millions)Service cost$0.1 $— $0.2 $0.2 Interest cost2.6 2.5 8.0 7.7 Expected return on plan assets(2.9)(2.7)(8.7)(8.1)Amortization of unrecognized net loss0.1 0.1 0.2 0.3 Net periodic pension (benefit) cost$(0.1)$(0.1)$(0.3)$0.1 

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TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Components of net periodic postretirement cost are as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024 (In millions)(In millions)Interest cost$0.2 $0.2 $0.6 $0.6 Amortization of unrecognized net gain(0.1)(0.1)(0.3)(0.3)Net periodic postretirement cost$0.1 $0.1 $0.3 $0.3 The service cost components of net periodic pension costs were recognized in Cost of sales, and the other components of net periodic pension and postretirement costs were recognized in Other (income) expense, net in the Condensed Consolidated Statements of Operations.Subsequent Event - Annuity Lift-out

In October 2025, the Company completed a pension plan annuity lift-out, a transaction that provided for the purchase of an annuity contract to fund pension plan annuities of retirees, as part of our de-risking strategy. This annuity lift-out impacted approximately 800 retirees, as well as reduced $80.0 million in pension obligations and $74.0 million in plan assets which were transferred to an insurance company. The Company estimates a non-cash settlement gain on the annuity lift-out