Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 583

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 583
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 credit, the actual return on plan assets and the weighted-average assumptions used were as follows: Defined Benefit Pension Plans(dollar amounts in millions)QualifiedNon-QualifiedYears Ended December 31202420232022202420232022Service cost (a)$35 $31 $37 $2 $2 $2 Other components of net benefit (credit) cost:Interest cost82 85 62 9 9 6 Expected return on plan assets(179)(166)(201)— — — Amortization of prior service credit(15)(14)(14)(7)(9)(9)Amortization of actuarial net loss23 32 19 4 4 9 Total other components of net benefit (credit) cost (b)(89)(63)(134)6 4 6 Net periodic defined benefit (credit) cost$(54)$(32)$(97)$8 $6 $8 Actual return on plan assets$164 $338 $(777)n/an/an/aActual rate of return on plan assets6.26 %13.91 %(23.02)%n/an/an/aWeighted-average assumptions used:Discount rate5.33 %5.60 %2.96 %5.33 %5.60 %2.96 %Expected long-term return on plan assets6.75 6.50 6.50 n/an/an/aRate of compensation increase4.50 4.25 4.00 4.50 4.25 4.00 (a)Included in salaries and benefits expense on the Consolidated Statements of Income.(b)Included in other noninterest expenses on the Consolidated Statements of Income.n/a - not applicable(dollar amounts in millions)Postretirement Benefit PlanYears Ended December 31202420232022Other components of net benefit credit:Interest cost$1 $1 $1 Expected return on plan assets(2)(2)(3)Net periodic postretirement benefit credit$(1)$(1)$(2)Actual return on plan assets$— $1 $(4)Actual rate of return on plan assets0.28 %2.61 %(8.24)%Weighted-average assumptions used:Discount rate5.43 %5.71 %2.79 %Expected long-term return on plan assets5.00 5.00 5.