Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 50

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 50
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525,358 (1)Includes items that are not required to be categorized in the fair value hierarchy in order to permit reconciliation of the fair value hierarchy to the fair value of plan assets presented in the Obligations and Funded Status table.The following is a summary of total assets for our plans measured at fair value at December 31, 2023:12/31/2023Level 1Level 2Level 3Unclassified (In thousands)Pension and Other Benefits:U.S. Government Securities$288,495 $288,495 $— $— $— Commingled and Mutual Funds231,801 46,504 — — 185,297 Fixed Income108,646 36,741 — — 71,905 Diversified Credit113,271 — — — 113,271 Real Estate123,250 — — — 123,250 Partnerships with Security Holdings19,752 — — — 19,752 Cash, Cash Equivalents and Accrued Items (1)41,180 — — — 41,180 Total Assets$926,395 $371,740 $— $— $554,655 (1)Includes items that are not required to be categorized in the fair value hierarchy in order to permit reconciliation of the fair value hierarchy to the fair value of plan assets presented in the Obligations and Funded Status table.Cash Flows Domestic PlansForeign Plans PensionBenefitsOtherBenefitsPensionBenefitsOtherBenefits (In thousands)Expected employer contributions to trusts of defined benefit plans:2025$4,170 $— $873 N/AExpected benefit payments:2025$65,749 $2,718 $987 $590 2026$66,072 $2,667 $1,115 $644 2027$66,834 $2,642 $1,260 $678 2028$67,269 $2,584 $1,350 $711 2029$67,347 $2,575 $1,417 $724 2030-2034$330,049 $11,978 $8,343 $3,526 

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Defined Contribution PlansWe also provide benefits under the BWXT Thrift Plan (the "