Company: SPR
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021582
Chunk: 82

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 February 24, 2021, Spirit redeemed the outstanding $300.0 principal amount of the Floating Rate Notes. On November 23, 2022, Spirit redeemed the outstanding $300.0 principal amount of the 2023 Notes. Holdings guarantees Spirit's obligations under the 2028 Notes on a senior unsecured basis.As of April 3, 2025, the outstanding balance of the 2028 Notes was $700.0 and the carrying value was $697.5.The 2028 Notes mature on June 15, 2028.As of April 3, 2025, the Company was in compliance with all covenants contained in the indentures governing the Second Lien 2030 Notes, First Lien 2029 Notes, 2026 Notes, and the 2028 Notes.

16. Pension and Other Post-Retirement Benefits

 Defined Benefit Plans For the ThreeMonths EndedComponents of Net Periodic Pension Expense (Income)April 3,2025March 28,2024Service cost$0.8 $0.6 Interest cost18.0 17.7 Expected return on plan assets(20.2)(21.6)Net periodic pension income$(1.4)$(3.3)

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Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

 Other Benefits For the ThreeMonths EndedComponents of Other Benefit Expense (Income)April 3,2025March 28,2024Service cost$0.1 $0.2 Interest cost0.3 0.4 Amortization of prior service cost0.4 0.3 Amortization of net gain (0.4)(0.4)Net periodic other benefit expense$0.4 $0.5 The components of net periodic pension expense (income) and other benefit expense (income), other than the service cost component, are included in Other income (expense), net in the Company’s Condensed Consolidated Statements of Operations. See Note 21 Other Income (Expense), Net. Effective October 1, 2021, the Company spun off a portion of the existing PVP A, to a new plan called PVP B (“PVP B”). As part of the PVP B plan termination