Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 140

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 140
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 plans by investing in appropriate asset classes, subject to the constraints of each plan’s asset allocation targets, as discussed above, design and local regulations, (c) to diversify investments within asset classes to reduce the impact of losses in single investments, and (d) for the U.S. plans to invest in compliance with the Employee Retirement Income Security Act of 1974 (ERISA), as amended and any subsequent applicable regulations and laws, and for international plans to invest in a prudent manner in compliance with local applicable regulations and laws.The company sets the expected long-term rate of return based on the expected long-term return of the various asset categories in which it invests. The company considered the current expectations for future returns and the actual historical returns of each asset class. Also, since the company’s investment policy is to actively manage certain asset classes where the potential exists to outperform the broader market, the expected returns for those asset classes were adjusted to reflect the expected additional returns.

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In 2025, the company expects to make cash contributions of approximately $92 million to its U.S. and international defined benefit pension plans.As of December 31, 2024, the following benefit payments are expected to be paid from the defined benefit pension plans:YearU.S.International2025$211.0 $89.2 2026206.5 92.9 2027201.2 95.7 2028195.0 97.4 2029188.0 100.9 2030 - 2034817.3 514.9 Other postretirement benefits A reconciliation of the benefit obligation, fair value of the plan assets and the funded status of the postretirement benefit plans follows:As of December 31,20242023Change in accumulated benefit obligationBenefit obligation at beginning of year$60.1 $68.9 Service cost0.1 0.2 Interest cost2.3 2.6 Plan participants’ contributions0.2 0.3 Actuarial gain(0.8)(6.9)Benefits paid(5.2)(5.1)Foreign currency translation and other adjustments(3.3)0.1 Benefit obligation at end of year$53.4 $60.1 Change in plan assetsFair value of plan assets at beginning of year$3.2 $5.2 Actual return on plan assets(0.3)(2.8)Employ