Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 147

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 147
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 percentage within each asset class allowing for deviation within the established range for each asset class. The portfolio is rebalanced on an as‑needed basis to keep these allocations within the accepted ranges.In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. We consider a security that trades at least weekly to have an active market. Fair values determined by Level 2 inputs utilize data points that are observable, such as quoted prices for similar assets, interest rates and yield curves. Fair values determined by Level 3 inputs utilize unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability.The following tables present the DMC Pension Plan assets measured at fair value on a recurring basis as of December 31, 2024 and 2023, aggregated by the level in the fair value hierarchy within which those measurements are determined:TotalLevel 1Level 2Level 3As of December 31, 2024:Cash and cash equivalents$22 $22 $— $— Equity securities66 66 — — Fixed income funds376 376 — — Alternative investments:Private equity securities106 — — 106 Hedge funds3 — — 3  $573 $464 $— $109 As of December 31, 2023:Cash and cash equivalents$6 $6 $— $— Equity securities39 39 — — Fixed income funds442 442 — — Alternative investments:Private equity securities97 — — 97 Hedge funds8 — — 8 $592 $487 $— $105 The following table presents the estimated future benefit payments to be made from the SERPs and the DMC Pension Plan, a portion of which will be funded from plan assets, for the next five years and in the aggregate for the five years thereafter:   Years Ending December 31, Five Years Thereafter Total20252026202720282029Estimated benefit payments$775 $84 $83 $83 $81 $80 $364 The SERP and DMC Pension Plan obligations of $322 million at December 31, 2024 are classified in the accompanying Consolidated Balance Sheet as an other current liability of $24 million and