Company: CENX
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000949157-25-000024
Chunk: 141

Company: CENTURY ALUMINUM CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 141
---
.4)1.5 (97.9)Other comprehensive income (loss) before reclassifications(11.9)— (11.9)Net amount reclassified to net income (loss)6.7 (0.2)6.5 Balance, December 31, 2024$(104.6)$1.3 $(103.3)

80

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

Reclassifications out of AOCL were included in the Consolidated Statements of Operations as follows:Year Ended December 31,AOCL ComponentsLocation202420232022Defined benefit plan and other postretirement liabilitiesCost of goods sold$(8.5)$(1.0)$3.5 Other income, net— — (8.9)Selling, general and administrative expenses1.1 (0.2)3.3 Other operating expense (income), net2.2 (2.6)(9.0)Income tax expense— — (0.3)Net of tax$(5.2)$(3.8)$(11.4)Gain (loss) on financial instrumentsCost of goods sold$(0.2)$(0.1)$(0.2)Income tax effect $— — (0.1)Net of tax$(0.2)$(0.1)$(0.3)

13.  Pension and Other Postretirement Benefits 

Pension BenefitsWe maintain noncontributory defined benefit pension plans for certain foreign and domestic hourly and salaried employees. For the eligible domestic salaried employees, plan benefits are based primarily on years of service and average compensation during the later years of employment. For hourly employees, plan benefits are based primarily on a formula that provides a specific benefit for each year of service. Plan benefits are available to all permanent foreign employees. Our funding policy is to contribute amounts based upon actuarial and economic assumptions designed to achieve adequate funding of the projected benefit obligations and to meet the minimum funding requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"). In addition, we maintain the supplemental executive retirement benefit ("SERB") plan for certain current and former executive officers, which is frozen to future accruals.Other Postretirement Benefits ("OPEB")In addition to providing pension benefits, we provide certain healthcare and life insurance benefits