Company: AWK
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001410636-25-000083
Chunk: 65

Company: American Water Works Company, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 assets and liabilities measured and recorded at fair value on a recurring basis and their level within the fair value hierarchy:As of March 31, 2025 Level 1Level 2Level 3TotalAssets:    Restricted funds$43 $— $— $43 Rabbi trust investments28 — — 28 Deposits7 — — 7 Other investments:Money market and other21 — — 21 Fixed-income securities77 7 — 84 Mark-to-market derivative asset— 10 — 10 Total assets176 17 — 193 Liabilities:    Deferred compensation obligations33 — — 33 Total liabilities33 — — 33 Total assets$143 $17 $— $160 

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As of December 31, 2024 Level 1Level 2Level 3TotalAssets:    Restricted funds$44 $— $— $44 Rabbi trust investments29 — — 29 Deposits6 — — 6 Other investments:Money market and other21 — — 21 Fixed-income securities88 6 — 94 Mark-to-market derivative asset— 24 — 24 Total assets188 30 — 218 Liabilities:    Deferred compensation obligations34 — — 34 Total liabilities34 — — 34 Total assets $154 $30 $— $184 Restricted funds—The Company’s restricted funds primarily represent proceeds received from financings for the construction and capital improvement of facilities and from customers for future services under operation, maintenance and repair projects. Long-term restricted funds of $25 million and $15 million were included in other long-term assets on the Consolidated Balance Sheets as of March 31, 2025, and December 31, 2024, respectively.Rabbi trust investments—The Company’s rabbi trust investments consist of equity and index funds from which supplemental executive retirement plan benefits and deferred compensation obligations can be paid. The Company includes these assets in other long-term assets on the Consolidated Balance Sheets.Deposits—Deposits include escrow funds and certain other deposits held in trust. The Company includes cash deposits in other current assets on the Consolidated Balance Sheets.Deferred compensation obligations—The Company’s deferred compensation plans allow participants to defer certain cash