Company: WCC
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000929008-25-000005
Chunk: 89

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 89
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 requirements from known contractual and other obligations at December 31, 2024, including interest, and the expected effect on our liquidity and cash flow in future periods:

20252026 to 20272028 to 20292030 - AfterTotal(In millions)       Debt, excluding debt discount and debt issuance costs$19.5 $2,001.4 $2,238.1 $853.1 $5,112.1   Interest on indebtedness(1)319.8 557.4 233.8 127.0 1,238.0   Non-cancelable operating leases205.2 328.4 199.9 161.7 895.2 Transition tax installments24.0 13.7 — — 37.7 Defined benefit pension plans(2)7.1 — — — 7.1 Total$575.6 $2,900.9 $2,671.8 $1,141.8 $7,290.1 

(1)    Interest on variable rate debt was calculated using the rates and balances outstanding at December 31, 2024.

(2)    As disclosed in Note 13, “Employee Benefit Plans” of our Notes to Consolidated Financial Statements, the majority of our various defined benefit pension plans are non-contributory and, with the exception of Canada, cover substantially all full-time employees in their respective countries. Retirement benefits are provided based on compensation as defined in the plans. Our policy is to fund these plans as required by local statutory law. We currently estimate that we will contribute $7.1 million to our foreign pension plans in 2025. Due to the future impact of various market conditions, rates of return and changes in plan participants, we cannot provide a meaningful estimate of our future contributions beyond 2025.

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In addition to the cash requirements disclosed in the table above, we expect future uses of cash to include working capital requirements, capital expenditures, investments in our digital capabilities, dividend payments to holders of our common stock and Series A Preferred Stock, benefit payments to participants in our deferred compensation plan, and other organic opportunities. Future uses of cash could also include acquisitions of businesses and the repurchase of common or preferred stock. We expect to spend approximately $120 million in 2025 on capital expenditures for information technology investments and to support our global network of distribution centers, fulfillment centers,