Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 388

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 388
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 |   |     | Successor |   Ten Months 
        Ended 
 December 31, 
         2022 |   |     |   |   Year Ended 
 December 31, 
         2023 |   |
|:---------------------------------------------|:----|:-----------------|-------------:|:--|:----|:--|-------------:|:--|:----|:----------|-------------:|:--|:----|:--|-------------:|:--|
| Interest cost                                |     | $                |        8,121 |   |     | $ |        1,608 |   |     | $         |        9,884 |   |     | $ |       16,899 |   |
| Expected return on plan assets               |     |                  |      (22,367 | ) |     |   |       (3,507 | ) |     |           |      (18,389 | ) |     |   |      (20,122 | ) |
| Amortization of unrecognized net loss (gain) |     |                  |        8,182 |   |     |   |        1,148 |   |     |           |            — |   |     |   |       (1,093 | ) |
| Net periodic benefit income                  |     | $                |       (6,064 | ) |     | $ |         (751 | ) |     | $         |       (8,505 | ) |     | $ |       (4,316 | ) |

We had accrued benefit costs at December 31, 2022 and 2023 of $32.3 million and $39.1 million, respectively, related to pension benefits, of which $0.6 million and $0.7 million were recorded within “Other current liabilities” as of December 31, 2022 and 2023, respectively, and $31.6 million and $38.4 million were recorded in “Other long-term liabilities,” respectively, on our consolidated balance sheets. As part of Fresh Start Accounting, we remeasured our other postretirement benefit obligation as of February 28, 2022. The assumed discount rate for this remeasurement increased from 2.70% to 3.34%, resulting in a reduction of our postretirement benefit obligation by approximately $1.9 million. The total postretirement benefit obligation was reduced from $32.8 million as