Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 455

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 455
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.38 %5.72 %Weighted average assumptions used to determine net benefit cost:Discount rate(2)5.38 %5.72 %2.97 %Expected return on plan assets6.40 %6.90 %5.00 %________________________________(1) Included in Other, net on our consolidated statement of operations. (2) Discount rates are as of January 1 of the respective years. Due to settlement during 2022, the additional discount rate assumed as of  December 31, 2022 is 5.72%.The following table provides the pre-tax amounts recognized in other comprehensive loss, including the amortization of the actuarial loss and prior service credit, associated with the LPP for the years ended December 31, 2024, 2023 and 2022 (in thousands):Obligations Recognized inYear Ended December 31,Other Comprehensive Loss202420232022Net actuarial (gain) loss$(280)$5,187 $(354)Pension settlement— — (6,707)Amortization of actuarial loss(2,812)(2,302)(6,484)Amortization of prior service credit1,432 1,432 1,433 Total (income) loss recognized in other comprehensive income (loss)$(1,660)$4,317 $(12,112)Total recognized in net periodic benefit cost and other comprehensive income (loss)$(1,444)$3,909 $(2,584)Our overall investment strategy for the LPP is to provide and maintain sufficient assets to meet pension obligations both as an ongoing business, as well as in the event of termination, at the lowest cost consistent with prudent investment management, actuarial circumstances and economic risk, while minimizing the earnings impact. Diversification is provided by using an asset allocation primarily between equity and debt securities, and real assets, in proportions expected to provide opportunities for reasonable long term returns with acceptable levels of investment risk. Fair values of the applicable assets are determined as follows:Mutual Fund—The fair value of our mutual funds are estimated by using market quotes as of the last day of the period.

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Common Collective Trusts—The fair value of our common collective trusts are estimated by using market quotes as of the last day of the period, quoted prices for similar securities and quoted prices in non-active markets.Real Estate—The fair value of our real estate funds are derived