Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 123

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 123
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December 31, 2024December 31, 2023 U.S. Non-U.S. U.S. Non-U.S.Prior service cost$— $99 $— $(122)Actuarial gains13,201 1,335 16,008 1,041 

69

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Dollar amounts in thousands except per share and share amounts)

The components of net periodic benefit (income) cost for the Company’s other postretirement benefit plans were as follows:  Year Ended December 31, 202420232022  U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.Service cost$23 $177 $52 $150 $89 $216 Interest cost567 763 821 788 561 628 Amortization of prior service credit and actuarial (gain) loss(2,920)14 (2,437)(85)(1,577)157 Net periodic benefit (income) cost$(2,330)$954 $(1,564)$853 $(927)$1,001 Plan AssumptionsWeighted average assumptions used to determine benefit obligations as of December 31, 2024 and 2023 were as follows: 20242023  U.S. Non-U.S. U.S. Non-U.S.Discount rate5.50%4.70%5.10%4.65%Weighted average assumptions used to determine net periodic benefit cost (income) for the years ended December 31, 2024, 2023 and 2022 were as follows:  202420232022  U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.Discount rate5.10%4.65%5.45%5.20%2.75%3.05%The assumed health care cost trend rates used to measure the postretirement benefit obligations as of December 31, 2024 were as follows: U.S. Non-U.S.Health care cost trend rate6.21%5.00%Ultimate health care cost trend rate4.50%5.00%Year that the rate reaches the ultimate trend rate2031N/AExpected Future Postretirement Benefit PaymentsThe