Company: AWK
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001410636-25-000173
Chunk: 119

Company: American Water Works Company, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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 debt13,155 10,165 1,050 658 11,873 

34

Recurring Fair Value MeasurementsPresented in the tables below are assets and liabilities measured and recorded at fair value on a recurring basis and their level within the fair value hierarchy:As of September 30, 2025 Level 1Level 2Level 3TotalAssets:    Restricted funds$43 $— $— $43 Rabbi trust investments31 — — 31 Deposits146 — — 146 Other investments:Money market and other22 — — 22 Fixed-income securities50 7 — 57 Total assets292 7 — 299 Liabilities:    Deferred compensation obligations36 — — 36 Mark-to-market derivative liability— 1 — 1 Total liabilities36 1 — 37 Total assets$256 $6 $— $262 As of December 31, 2024 Level 1Level 2Level 3TotalAssets:    Restricted funds$44 $— $— $44 Rabbi trust investments29 — — 29 Deposits6 — — 6 Other investments:Money market and other21 — — 21 Fixed-income securities88 6 — 94 Mark-to-market derivative asset— 24 — 24 Total assets188 30 — 218 Liabilities:    Deferred compensation obligations34 — — 34 Total liabilities34 — — 34 Total assets $154 $30 $— $184 Restricted funds—The Company’s restricted funds primarily represent proceeds received from financings for the construction and capital improvement of facilities and from customers for future services under operation, maintenance and repair projects. Long-term restricted funds of $32 million and $15 million were included in other long-term assets on the Consolidated Balance Sheets as of September 30, 2025, and December 31, 2024, respectively.Rabbi trust investments—The Company’s rabbi trust investments consist of equity and index funds from which supplemental executive retirement plan benefits and deferred compensation obligations can be paid. The Company includes these assets in other long-term assets on the Consolidated Balance Sheets.Deposits—Deposits include escrow funds, including the initial settlement payment from the MD