Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 466

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 466
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Our plan assets are measured at fair value. ASC 820 prioritizes the inputs used in valuation techniques including Level 1, Level 2 and Level 3 (see Note 1—Background and Summary of Significant Accounting Policies). The majority of our plan assets are valued following the market approach, using measurement inputs which include unadjusted prices in active markets, and we have therefore classified all of these assets as Level 1 assets, with the exception of our U.S. Treasuries, which use pricing models for similar securities, and we have therefore classified them as Level 2 within the fair value hierarchy under ASC 820. Our other securities include Hedge Funds and Core Property Funds, which are measured at fair value using the net asset value per share practical expedient, and are not classified in the fair value hierarchy. F-154

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 The following table presents the components of net periodic pension benefit income (in thousands). These amounts are recognized in “Other income (expense), net” in the consolidated statements of operations.

|                                              |     | Pension Benefits 
 Predecessor      |  Two Months Ended 
 February 28, 2022 |   |     | Successor |  Ten Months Ended 
 December 31, 2022 |   |     |   |        Year Ended 
 December 31, 2023 |   |     |   |        Year Ended 
 December 31, 2024 |   |
|:---------------------------------------------|:----|:-----------------|------------------:|:--|:----|:----------|------------------:|:--|:----|:--|------------------:|:--|:----|:--|------------------:|:--|
| Interest cost                                |     | $                |             1,608 |   |     | $         |             9,884 |   |     | $ |            16,899 |   |     | $ |            16,069 |   |
| Expected return on plan assets               |     |                  |            (3,507 | ) |     |           |           (18,389 | ) |     |   |           (20,122 | ) |     |   |           (19,527 | ) |
| Amortization of unrecognized net loss (gain) |     |                  |             1,148 |   |     |           |