Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1593

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1593
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Expected return on plan assets(1,263)(307)(393)(58)(17)(85)Recognized net loss(*)55 16 19 3 — — Net amortization(*)— 1 1 — — 15 Prior service cost(*)— — — — — (3)Net periodic pension income$(281)$(74)$(112)$(14)$(1)$(3)2023Service cost$275 $64 $68 $11 $6 $24 Interest cost626 145 191 28 8 42 Expected return on plan assets(1,229)(297)(385)(56)(15)(85)Recognized net (gain) loss(*)32 9 13 2 — (5)Net amortization(*)— 1 1 — — 15 Prior service cost(*)— — — — — (3)Net periodic pension income$(296)$(78)$(112)$(15)$(1)$(12)2022Service cost$412 $99 $103 $17 $9 $34 Interest cost408 96 123 18 6 28 Expected return on plan assets(1,265)(306)(399)(57)(15)(91)Recognized net loss(*)240 62 75 11 2 8 Net amortization(*)— 1 1 — — 15 Prior service cost(*)— — — — — (3)Net periodic pension cost (income)$(205)$(48)$(97)$(11)$2 $(9)(*)For Southern Company, excludes amounts related to net periodic pension cost of $20 million, $17 million, and $21 million for the years ended December 31, 2024, 2023, and 2022, respectively, associated with unamortized amounts in Southern Company Gas' pension plans prior to its acquisition by Southern Company.The service cost component of net periodic pension cost is included in operations and maintenance expenses and all other components of net periodic pension cost are included in other income (expense), net in the Registrants' statements of income.Net periodic pension cost is the sum of service cost, interest cost, and other costs netted against the expected return on plan assets. The expected return on plan assets is determined by multiplying the expected rate of return on plan assets and