Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1315

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1315
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26 12 14 Special situations— — 3 3 3 2 Private equity— — 22 22 9 12 Private credit— — — — 3 — Infrastructure— — — — 2 — Total$59 $82 $46 $187 100 %100 %Southern Company GasAssets:Equity:41 %40 %Domestic equity$130 $52 $— $182 International equity130 71 — 201 Fixed income:30 32 U.S. Treasury, government, and agency bonds— 132 — 132 Mortgage- and asset-backed securities— 3 — 3 Corporate bonds— 116 — 116 Pooled funds— 52 — 52 Cash equivalents and other25 4 — 29 Real estate investments25 — 113 138 12 14 Special situations— — 16 16 3 2 Private equity— — 118 118 9 12 Private credit— — 2 2 3 — Infrastructure— — — — 2 — Total$310 $430 $249 $989 100 %100 %

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

The fair values, and actual allocations relative to the target allocations, of the applicable Registrants' other postretirement benefit plan assets at December 31, 2024 and 2023 are presented below.Fair Value Measurements UsingQuoted Prices in Active Markets for Identical AssetsSignificantOtherObservableInputsNet Asset Value as a Practical ExpedientTotalTarget AllocationActual AllocationAt December 31, 2024:(Level 1)(Level 2)(NAV)(in millions)Southern CompanyAssets:Equity:61 %62 %Domestic equity$94 $98 $— $192 International equity54 83 — 137 Fixed income:29 28 U.S. Treasury, government, and agency bonds— 54 — 54 Mortgage- and asset-backed securities— 1 — 1 Corporate bonds— 48 — 48 Pooled funds— 99 — 99 Cash