Company: CENX
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000949157-25-000024
Chunk: 149

Company: CENTURY ALUMINUM CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 149
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.6 42.6 Other0.1 0.6 — — 0.7 Total plan assets fair value$32.6 $0.6 $— $211.9 $245.1 As of December 31, 2023Cash and cash equivalents$0.4 $— $— $4.6 $5 Global Equity19.7 — — 100.0 119.7 Diversified Credit11.2 — — 34.7 45.9 Real Assets— — — 22.8 22.8 Liability hedging assets— — — 62.7 62.7 Other0.1 0.6 — — 0.7 Total plan assets fair value$31.4 $0.6 $— $224.8 $256.8 Our domestic Pension Plans’ assets are held in certain commingled funds and group trusts which do not have publicly quoted prices. The fair value of the commingled funds and group trusts is based on NAV of the underlying investments. The fair value of the underlying investments held by the commingled funds, separate accounts and common collective trusts is generally based on quoted prices in active markets. Though the Company believes the methods used to estimate fair value are consistent with those used by other market participants, the use of other methods or assumptions could result in a different estimate of fair value. Our foreign plan assets are held in bonds and equity securities which have publicly quoted prices.Our other postretirement benefit plans are unfunded. We fund these benefits as the retirees submit claims.Pension and OPEB Cash FlowsDuring 2024 and 2023, we made contributions of approximately $2.3 million and $6.6 million, respectively, to the qualified defined benefit and SERB plans we sponsor and $5.5 million and $6.5 million, respectively, to the other postretirement benefit plans.We expect to make the following contributions for 2025:2025Expected pension plan contributions$8.0 Expected OPEB benefits payments6.4 

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CENTURY ALUMINUM COMPANYNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(amounts in millions, except share and per share amounts)

Estimated Future Benefit PaymentsThe following table provides the estimated future benefit payments for the pension and other post