Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 287

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 287
---
77

contribution each year. We recorded $10.2 million, $9.5 million and $8.6 million in expenses in 2024, 2023 and 2022, respectively, for matching contributions under these plans.Our general funding policy for qualified defined benefit pension plans historically has been to contribute amounts that are at least sufficient to satisfy regulatory funding standards. No contributions were made in 2024 or 2022 and in 2023, we contributed $5.5 million, in cash, to our U.S. pension plans. The contribution was made in 2023 in order to meet a funding level sufficient to avoid variable fees from the PBGC on the underfunded portion of our pension liability. We expect to make total contributions of approximately $1.0 million in 2025 to our foreign pension plans. The projected benefit obligation and fair value of plan assets for the defined benefit pension plans with projected benefit obligations in excess of plan assets were $258.5 million and $249.6 million at December 31, 2024, and $7.7 million and $0.2 million at December 31, 2023, respectively.  The accumulated benefit obligation and fair value of plan assets for the defined benefit pension plans with accumulated benefit obligations in excess of plan assets were $256.5 million and $249.6 million at December 31, 2024, and $5.3 million and $0.2 million at December 31, 2023, respectively.The following table sets forth the changes in projected benefit obligations and plan assets of our defined benefit pension and other non-qualified and postretirement plans as of and for the years ended December 31, 2024 and 2023. 20242023 (in millions)Change in Projected Benefit ObligationsProjected benefit obligations at beginning of year$258.7 $247.6 Service cost0.4 0.7 Interest cost12.8 13.6 Actuarial loss5.4 12.9 Settlements(0.6)— Benefits paid(17.4)(16.3)Curtailments— (0.3)Other(0.8)0.5 Projected benefit obligations at end of year258.5 258.7 Change in Plan Assets20242023(in millions)Fair value of plan assets at beginning of year266.7 253.3 Actual return on plan assets0