Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 305

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 305
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022Interest cost$5.0 $5.3 $3.7 Expected return on plan assets(5.1)(5.4)(5.2)Amortization of net gain— (0.1)— Net periodic benefit$(0.1)$(0.2)$(1.5)The service cost component of net periodic benefit is included as part of general and administrative expenses in the accompanying statements of income. The other components of net periodic benefit are included as part of other operating income, net.

F-54 |

The weighted-average asset allocation of our pension benefits plan assets were as follows:Year Ended December 31,20242023Investments in common collective trust consisting of:U.S. and International companies— %10.0 %Fixed-income100.0 %90.0 %   Total100.0 %100.0 %The fair value of our pension assets by category were as follows (in millions):Quoted Prices in Active Markets For Identical Assets or Liabilities (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs(Level 3)ConsolidatedTotalYear Ended December 31, 2024Fixed-income$— $97.5 $— $97.5 Total$— $97.5 $— $97.5 Year Ended December 31, 2023U.S. companies$— $7.3 $— $7.3 International companies— 3.1 — 3.1 Fixed-income— 93.8 — 93.8 Total$— $104.2 $— $104.2 The investment policies and strategies for the assets of our pension benefits is to, over a five-year period, provide returns in excess of the benchmark. The portfolio in our common collective trust is expected to earn long-term returns from capital appreciation and a stable stream of current income. This approach recognizes that assets are exposed to price risk and the market value of the plans’ assets may fluctuate from year to year. Risk tolerance is determined based on our specific risk management policies. In line with the investment return objective and risk parameters, the plans’ mix of assets includes a diversified portfolio of underlying securities in companies and fixed-income. The underlying securities include domestic and international companies of various sizes of capitalization. The asset allocation of the plan is reviewed on at least an annual