Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 153

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 153
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.1 (0.2)Curtailments— (0.3)1.0 Total recognized in other comprehensive income$17.9 $0.7 $17.5 Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income$18.5 $2.9 $14.9   at December 31, 202420232022Weighted-Average Assumptions Used to Determine Benefit ObligationsDiscount rate4.920 %5.125 %5.625 %Weighted-Average Assumptions Used to Determine Net Periodic Benefit CostDiscount rate5.125 %5.625 %3.000 %Expected long-term return on plan assets5.5 %5.6 %3.9 %The discount rate reflects the current rate at which the pension liabilities could be effectively settled at the end of the year. The discount rate was determined with a model that uses a theoretical portfolio of high quality corporate bonds specifically selected to produce cash flows closely related to how we would settle our retirement obligations. This produced a discount rate of 4.92% at December 31, 2024.  As of the date of these financial statements, there are no known or anticipated changes in our 

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discount rate assumption that will impact our pension expense in 2025.  A 25 basis point decrease in our discount rate, holding constant our expected long-term return on plan assets and other assumptions, would increase pension expense by approximately $0.1 million per year.The overall expected long-term rate of return on assets was determined based upon weighted-average historical returns over an extended period of time for the asset classes in which the plans invest according to our current investment policy.We use the Pri-2012 base mortality table with the MP-2021 projection scale to value our domestic pension liabilities.Plan AssetsThe asset allocation for pension plans at the end of 2024 and 2023, and the targeted allocation for 2025, by asset category are as follows: TargetAllocationPlan Assets at December 31, 202520242023Asset CategoryEquity securities— %— %21 %Fixed income100 %76 %79 %Cash equivalents— %24 %— %100 %100 %100 %Our investment goal is to maintain asset values by investing in fixed income investments as we prepare to terminate and settle our remaining defined benefit plan in the