Company: ATO
Filing Date: 2025-11-14
Form Type: 10-K
Source: 0000731802-25-000056
Chunk: 121

Company: ATMOS ENERGY CORP
Filing Date: 2025-11-14
Form: 10-K
Item: Item 8
Chunk 121
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 reverting back to 4.69% for all future years.

68

Table of ContentsATMOS ENERGY CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following table presents the Supplemental Plans’ accumulated benefit obligation, projected benefit obligation, and funded status as of September 30, 2025 and 2024:20252024 (In thousands)Accumulated benefit obligation$73,570 $71,003 Change in projected benefit obligation:Benefit obligation at beginning of year$71,944 $75,898 Service cost1,302 55 Interest cost3,488 4,024 Actuarial loss2,547 5,853 Benefits paid(4,761)(4,285)Settlements— (9,601)Benefit obligation at end of year74,520 71,944 Change in plan assets:Fair value of plan assets at beginning of year— — Employer contribution— — Benefits paid— — Settlements— — Fair value of plan assets at end of year— — Reconciliation:Funded status(74,520)(71,944)Unrecognized prior service cost— — Unrecognized net loss— — Accrued pension cost$(74,520)$(71,944)Assets for the Supplemental Plans are held in separate rabbi trusts. At September 30, 2025 and 2024, assets held in the rabbi trusts consisted of equity securities of $30.1 million and $31.1 million, which are included in our fair value disclosures in Note 17 to the consolidated financial statements.Net periodic pension cost for the Supplemental Plans for fiscal 2025, 2024, and 2023 is presented in the following table. Fiscal Year Ended September 30 202520242023 (In thousands)Components of net periodic pension cost:Service cost$1,302 $55 $845 Interest cost (1)3,488 4,024 4,227 Recognized actuarial loss (1)1,022 501 691 Settlements (1)— 1,529 1,030 Net periodic pension cost$5,812 $6,109 $6,793 (1)    The components of net periodic cost other than the service cost component are included in the line item other non-operating