Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 383

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 383
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 the plan’s funded status. Any significant decline in the fair value of our defined benefit retirement plan assets or other adverse changes to the significant assumptions used to determine the plan’s funded status would negatively impact its funded status and could result in increased funding in future years. The impact on the funded status is determined based upon market conditions in effect when we completed our annual valuation. We anticipate that our contributions to the defined benefit retirement plan in 2024 will be approximately $10.6 million. We fund the postretirement medical benefits throughout the year based on benefits paid. We anticipate that our contributions to fund postretirement medical benefits in 2024 will be approximately $2.2 million. Prior service credits and actuarial losses are reclassified from accumulated other comprehensive loss to net periodic pension benefit costs, which are included in “Other income (expense), net” on our consolidated statements of operations. All amounts recorded in accumulated other comprehensive loss are being recognized as net periodic benefit cost or benefit over the average remaining life expectancy of plan participants. Reconciliation of Funded Status and Accumulated Benefit Obligation.Intelsat uses December 31 as the measurement date for its defined benefit retirement plan. As part of Fresh Start Accounting, we remeasured our Pension and Other Postretirement Benefits as of February 28, 2022. See the applicable sections below for further discussion. The following table summarizes the projected benefit obligations, plan assets and funded status of the defined benefit retirement plan, as well as the projected benefit obligations of the postretirement medical benefits provided under our medical plan (in thousands, except percentages):

|                                                      |     | Predecessor |  Two Months Ended 
 February 28, 2022 |   |     |             |         |   |     | Successor |  Ten Months Ended 
 December 31, 2022 |   |     |             |         |   |     |          |        Year Ended 
 December 31, 2023 |   |     |             |         |   |
|:-----------------------------------------------------|:----|:------------|------------------:|:--|:----|:------------|--------:|:--|:----|:----------|------------------:|:--|:----|:------------|--------:|:--|:----|:---------|------------------:|:--|:----|:------------|--------:|:--|
|                                                      |     | Pension     
 Benefits    |                   |   |     | Other Post- 
 retirement  
 Benefits