Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 118

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 15
Chunk 118
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Table of ContentsIndex to Financial Statements

Amounts recognized for the Pension Plan are presented below:September 30, 20252024 (in millions)Projected benefit obligations:Beginning of year$247.9 $233.2 Service cost0.7 0.6 Interest cost12.0 13.9 Actuarial (gain)/loss(7.7)22.2 Benefits paid(21.5)(22.0)Accumulated benefit obligations at end of year$231.4 $247.9 Plan assets:Beginning of year$261.4 $239.8 Actual return on plan assets11.0 43.6 Benefits paid(21.5)(22.0)Fair value of plan assets at end of year$250.9 $261.4 Prepaid benefit cost at end of year:Funded status$19.5 $13.5 Recognized on balance sheet:Other noncurrent assets$19.5 $13.5 Recognized in accumulated other comprehensive loss, before tax:Net actuarial loss$50.2 $56.6 The components of net periodic cost for the Pension Plan are presented below: 202520242023 (in millions)Service cost$0.7 $0.6 $0.8 Components of net periodic cost excluded from operating income:Interest cost12.0 13.9 13.9 Expected return on plan assets(14.4)(13.0)(13.9)Amortization of actuarial net loss2.2 3.1 3.7 Pension (benefit) expense other than service(0.2)4.0 3.7 Net periodic cost$0.5 $4.6 $4.5 Pension Plan activity in accumulated other comprehensive loss, before tax, in 2025 is presented below (in millions):Balance at beginning of year$56.6 Actuarial gain(4.2)Prior year actuarial loss amortization to net periodic cost(2.2)Balance at end of year$50.2 

F- 25

Table of ContentsIndex to Financial Statements

We amortize amounts in accumulated other comprehensive loss representing unrecognized prior year service cost and unrecognized loss related to the Pension Plan over the weighted average life expectancy of the inactive participants.  Actuarial gains and