Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 112

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 112
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Recognized actuarial gain(37,918)(39,803)(68,656)Net Periodic Benefit for the Year(107,723)(111,284)(170,235)Settlement(653,427)— — Early retirement and separation program costs20,998 9,886 3,624 Total Benefit for the Year$(740,152)$(101,398)$(166,611)Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income   Current year actuarial (gain) loss$(349,292)$(381,088)$749,258 Current year prior service credit(734)(11,263)— Amortization of prior service credit (cost)1,951 (1,646)(2,835)Recognized net actuarial gain37,918 39,803 68,656 Settlement653,427 — — Total Recognized in Other Comprehensive Income (Before Tax Effects)$343,270 $(354,194)$815,079 Total Recognized in Total Benefit and Other Comprehensive Income (Before Tax Effects)$(396,882)$(455,592)$648,468 SERPYear Ended December 31(in thousands)202420232022Service cost$1,149 $593 $911 Interest cost4,514 4,659 3,289 Amortization of prior service cost— — 36 Recognized actuarial loss— — 666 Total Cost for the Year$5,663 $5,252 $4,902 Other Changes in Benefit Obligations Recognized in Other Comprehensive IncomeCurrent year actuarial (gain) loss$(1,886)$909 $(20,956)Amortization of prior service cost— — (36)Recognized net actuarial loss— — (666)Total Recognized in Other Comprehensive Income (Before Tax Effects)$(1,886)$909 $(21,658)Total Recognized in Total Cost and Other Comprehensive Income (Before Tax Effects)$3,777 $6,161 $(16,756)

110

The costs for the Company’s defined benefit pension plans are actuarially determined. Below are the key assumptions utilized to determine periodic cost:Pension PlansSERPYear Ended December 31Year Ended December 31202420232022202420232022Discount rate5.2% / 5.3% (