Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 582

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 582
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15 $17 Accumulated benefit obligation$1,563 $1,611 $162 $166 $15 $17 Funded status at December 31 (a) (b)$1,150 $1,052 $(165)$(169)$28 $28 Weighted-average assumptions used:Discount rate5.72 %5.33 %5.72 %5.33 %5.72 %5.43 %Rate of compensation increase4.50 4.50 4.50 4.50 n/an/aInterest crediting rate4.54 - 5.254.66 - 5.254.54 - 5.254.66 - 5.25n/an/aAmounts recognized in accumulated other comprehensive loss before income taxes:Net actuarial loss$(443)$(501)$(49)$(52)$(10)$(9)Prior service credit5 19 23 29 2 2 Balance at December 31$(438)$(482)$(26)$(23)$(8)$(7)(a)Based on projected benefit obligation for defined benefit pension plans and accumulated benefit obligation for postretirement benefit plan.(b)The Corporation recognizes the overfunded and underfunded status of the plans in accrued income and other assets and accrued expenses and other liabilities, respectively, on the Consolidated Balance Sheets.n/a - not applicableBecause the non-qualified defined benefit pension plan has no assets, the accumulated benefit obligation exceeded the fair value of plan assets at December 31, 2024 and December 31, 2023. The following table details the changes in plan assets and benefit obligations recognized in other comprehensive (loss) income for the year ended December 31, 2024.Defined Benefit Pension Plans (in millions)QualifiedNon-QualifiedPostretirement Benefit PlanTotalActuarial gain (loss) arising during the period$36 $— $(1)$35 Amortization of net actuarial loss23 4 — 27 Amortization of prior service credit(15)(7)— (22)Total recognized in other comprehensive (loss) income$44 $(3)$(1)$40 

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

Components of net periodic defined benefit (credit) cost and postretirement benefit