Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 290

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 290
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 United States. Nearly all of our pension assets relate to our defined benefit plan in the United States. Fixed income investments include a mix of treasury obligations and high-quality corporate bonds. Our cash equivalents balance at December 31, 2024, which is primarily comprised of short-term money market instruments, will be maintained as we prepare to make optional lump sum payments to certain eligible plan participants who elect to receive a payment as part of the plan termination process. The asset allocation policy is reviewed and any significant variation from the target asset allocation mix is rebalanced periodically. The plans have no direct investments in Enpro common stock.The plans invest exclusively in mutual funds whose holdings are marketable securities traded on recognized markets and, as a result, would be considered Level 1 assets. The investment portfolios of the various funds at December 31, 2024 and 2023 are summarized as follows: December 31,20242023 (in millions)Mutual funds –  U.S. equity$— $34.4 Mutual funds – international equity— 22.8 Mutual funds - fixed income treasury and corporate bonds190.6 208.2 Cash equivalents59.0 1.3 $249.6 $266.7 

80

Estimated Future Benefit PaymentsThe following benefit payments, which reflect expected future service, as appropriate, and includes the planned payment in 2025 related to the termination and settlement of our defined pension benefit plan in the United States, are expected to be paid in the following calendar years:PensionBenefits (in millions)2025$258.8 2026$0.1 2027$0.1 2028$0.8 2029$0.5 Years 2030 – 2034$4.1 Other Post-Employment Retirement Benefits

We have liabilities related to other post-employment retirement benefits that were offered to certain employees of several legacy businesses owned by Enpro's predecessor as well as certain continuing operations. New employees are not offered these benefits and substantially all employees who were offered these benefits are retired. Disclosures related to these benefits are not included in the discussion and tables above. At December 31, 2024, we had $3.8 million of liabilities related to these benefits of which $0.2 million is a current liability. 

15.Shareholders' EquityWe have a policy under which we intend to declare regular quarterly cash dividends on our common stock, as determined by our