Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 144

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 144
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, funded status and rate assumptions associated with the SERPs and the DMC Pension Plan based on actuarial valuations prepared: December 31, 20242023Reconciliation of funded status of plans and the amounts included in the Consolidated Balance Sheets:  Projected benefit obligations(1)  Beginning obligations$(951)$(1,002)Interest cost(49)(53)Actuarial gain (loss)22 (15)Benefits paid83 84 Annuity purchase— 36 Special termination benefit costs— (1)Ending obligations(895)(951)Fair value of plans assets  Beginning plan assets592 648 Gain (loss) on plan assets(3)41 Employer contribution42 — Benefits paid(58)(61)Annuity purchase— (36)Ending plan assets573 592 Funded status of plans$(322)$(359)Amounts recognized in the Consolidated Balance Sheets consist of:  Other current liability$(24)$(24)Other long-term liability$(298)$(335)Accumulated other comprehensive loss$225 $224 SERP Assumptions:  Discount rate5.75 %5.50 %Compensation increase rate3.00 %3.00 %Measurement dateDecember 31, 2024December 31, 2023DMC Pension Plan Assumptions:  Discount rate5.69 %5.25 %Compensation increase rateFrozenFrozenMeasurement dateDecember 31, 2024December 31, 2023(1)The accumulated benefit obligation at December 31, 2024 and 2023 was approximately $895 million and $951 million, respectively.

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The components of net periodic benefit costs and related assumptions are as follows: Years Ended December 31, 202420232022Interest costs$49 $53 $37 Expected return on plan assets(29)(36)(42)Amortization of net actuarial loss8 7 9 Special termination benefit costs— 1 — Net periodic benefit cost$28 $25 $4 SERP Assumptions:   Discount rate5.50 %5.75 %3.00 %Compensation increase rate3.00 %3.00 %3.00 %Measurement dateJanuary 1, 2024January 1,