Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 141

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 141
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er contributions5.2 5.6 Plan participants’ contributions0.2 0.3 Benefits paid(5.2)(5.1)Fair value of plan assets at end of year$3.1 $3.2 Funded status at end of year$(50.3)$(56.9)Amounts recognized in the consolidated balance sheets consist of:Other accrued liabilities$(4.4)$(4.6)Long-term pension and postretirement liabilities(45.9)(52.3)Total funded status$(50.3)$(56.9)Accumulated other comprehensive income, net of taxNet income $(7.1)$(7.6)Prior service cost0.4 0.6 Net periodic postretirement benefit income includes the following components:Year ended December 31,202420232022Service cost(i)$0.1 $0.2 $0.2 Interest cost2.3 2.6 1.9 Expected return on assets(0.2)(0.3)(0.3)Amortization of prior service cost (credit)0.2 (1.3)(1.4)Recognized net actuarial gain(3.0)(4.0)(2.2)Net periodic benefit income$(0.6)$(2.8)$(1.8)(i) Service cost is reported in selling, general and administrative expenses. All other components of net periodic benefit income are reported in other (expense), net in the consolidated statements of income (loss).

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Weighted-average assumptions used to determine net periodic postretirement benefit income are as follows:Year ended December 31,202420232022Discount rate5.03 %5.39 %2.70 %Expected return on plan assets5.50 %5.50 %5.50 %Weighted-average assumptions used to determine benefit obligation at December 31 are as follows:Year ended December 31,202420232022Discount rate5.56 %5.03 %5.39 %The company reviews its asset allocation periodically, taking into consideration plan liabilities, plan payment streams and then-current capital market assumptions. The company sets the long-term expected return on asset assumption, based principally on the long-term expected return on debt securities. These return assumptions are based on a combination of current market conditions, capital market expectations of third-party investment advisors and actual historical returns