Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 156

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 156
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14,934)(16,151)Actuarial gain (loss), net6,046 (5,854)Benefits paid25,764 27,556 Benefit obligation at December 31$(275,336)$(292,212)Change in plan assets:Fair value of assets at January 1$218,861 $214,574 Actual return on plan assets6,550 19,193 Employer contributions12,570 12,650 Benefits paid(25,764)(27,556)Fair value of assets at December 31$212,217 $218,861 Unfunded status at December 31$(63,119)$(73,351)The actuarial gain of $6 million and loss of $6 million for the years ended December 31, 2024 and 2023, respectively, are attributable to increases and decreases, respectively, in the discount rate for each respective year. During the year ended December 31, 2022, lump sum settlements occurred within our defined benefit pension plan which resulted in a loss of 

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$7 million, recorded to Other, net in our consolidated statements of operations. There were no settlement losses during the years ended December 31, 2024 and 2023.The net benefit obligation of $63 million and $73 million as of December 31, 2024 and 2023, respectively, is included in other noncurrent liabilities in our consolidated balance sheets.The amounts recognized in accumulated other comprehensive loss associated with the LPP, net of deferred taxes of $38 million as of December 31, 2024 and 2023, respectively, are as follows (in thousands): December 31, 20242023Net actuarial loss$(81,027)$(84,029)Prior service credit3,370 4,802 Accumulated other comprehensive loss$(77,657)$(79,227)The following table provides the components of net periodic benefit costs associated with the LPP and the principal assumptions used in the measurement of the LPP benefit obligations and net benefit costs for the three years ended December 31, 2024, 2023 and 2022 (in thousands): Year Ended December 31, 202420232022Interest cost(1)$14,934 $16,151 $11,901 Expected return on plan assets(1)(16,098)(17,429)(14,131