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Employee Benefit Arrangements (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
The following tables summarize a reconciliation of beginning and ending balances of the benefit obligation and fair value of plan assets for the years ended December 31, 2024 and 2023 and the discount rate and interest credit rate used in determining pension benefit obligations as of December 31, 2024 and 2023 as well as the funded status of the Company's Plans as of December 31, 2024 and 2023:

20242023
Change in benefit obligation:
Benefit obligations, January 1$1,999 $1,943 
Service cost30 24 
Interest cost102 103 
Net actuarial (gains) losses (1)
(98)44 
Benefits paid(121)(115)
Benefit obligations, December 31(2)
1,912 1,999 
Discount rate5.88 %5.28 %
Interest credit rate3.75 %3.75 %
Change in plan assets:
Fair value of plan net assets, January 11,831 1,770 
Actual return on plan assets36 149 
Employer contributions28 27 
Benefits paid(122)(115)
Fair value of plan net assets, December 31(3)
1,773 1,831 
Unfunded status at end of year (4)
$(139)$(168)
(1) Includes actuarial (gain) loss of $(110) and $37 due to change in discount rate for the year ended December 31, 2024 and 2023, respectively. The discount rate increased 0.60% during 2024 driven by an increase in corporate AA yields. The discount rate decreased 0.19% during 2023 driven by a decrease in corporate AA yields.
(2) Includes Retirement Plan benefit obligations of $1,581 and $1,649 as of December 31, 2024 and 2023, respectively, and non-qualified plan benefit obligations of $331 and $350 as of December 31, 2024 and 2023, respectively.
(3) Represents Retirement Plan Assets.
(4) Funded status is not indicative of the Company's ability to pay ongoing pension benefits or of its obligation to fund retirement trusts. Required pension funding for qualified plans is determined in accordance with ERISA regulations.
Schedule of Defined Benefit Plan Amounts Recognized in Balance Sheet and Accumulated Other Comprehensive Income (Loss)
The following table summarizes amounts related to the Plans recognized on the Consolidated Balance Sheets as of December 31, 2024 and 2023:

20242023
Amounts recognized in the Consolidated Balance Sheets consist of:(1)
Prepaid benefit cost (2)
$192 $182 
Accrued benefit cost (2)
(331)(350)
Net amount recognized$(139)$(168)
(1) Excludes other postretirement benefit obligations of $8 and $9 as of December 31, 2024 and 2023, respectively.
(2) Prepaid benefit cost is included in Other assets on the Consolidated Balance Sheets. Accrued benefit cost is included in Other liabilities on the Consolidated Balance Sheets.
Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets
The following table summarizes information for the Plans with a projected benefit obligation and an accumulated benefit obligation in excess of plan assets as of December 31, 2024 and 2023:
20242023
Projected benefit obligation$331 $350 
Accumulated benefit obligation328 348 
Fair value of plan assets— — 
Schedule of Components of Net Periodic Benefit Cost
The components of net periodic benefit costs recognized in Operating expenses in the Consolidated Statements of Operations, weighted-average assumptions used in determining net benefit cost of the Plans and other changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) related to the Plans were as follows for the years ended December 31, 2024, 2023 and 2022:
202420232022
Net Periodic (Benefit) Costs Recognized in Consolidated Statements of Operations:
Service cost$30 $24 $28 
Interest cost102 103 72 
Expected return on plan assets(107)(100)(108)
(Gain) loss recognized due to curtailment— — — 
Net (gain) loss recognition(26)(4)(6)
Net periodic (benefit) costs$(1)$23 $(14)
Discount rate5.28 %5.47 %3.00 %
Expected rate of return on plan assets6.00 %5.82 %4.85 %
Interest credit rate3.75 %3.00 %2.80 %
Schedule of Allocation of Plan Assets
The following table summarizes the Company's pension plan’s target allocation range and actual asset allocation by asset category as of December 31, 2024 and 2023:
Actual Asset Allocation
20242023
Equity securities:
Target allocation range
5%-13%
7%-12%
Large-cap domestic4.3 %3.7 %
Small/Mid-cap domestic0.9 %0.8 %
International commingled funds2.9 %3.2 %
Limited Partnerships0.1 %0.5 %
Total equity securities8.2 %8.2 %
Fixed maturities:
Target allocation range
83%-87%
83%-87%
U.S. Treasuries, short term investments, cash and futures2.0 %3.0 %
U.S. Government agencies and authorities4.7 %0.3 %
U.S. corporate, state and municipalities66.8 %71.3 %
Foreign securities12.3 %9.8 %
Total fixed maturities85.8 %84.4 %
Other investments:
Target allocation range
2%-10%
4%-8%
Hedge funds2.9 %4.1 %
Real estate3.1 %3.3 %
Total other investments6.0 %7.4 %
Total100.0 %100.0 %
The following table summarizes the fair values of the pension plan assets by asset class as of December 31, 2024:

Level 1Level 2Level 3NAVTotal
Assets
Fixed maturities, short-term investments and cash:
Cash and cash equivalents$11 $$— $— $18 
Short-term investment fund(1)
— — — 19 19 
U.S. Government securities82 — — — 82 
U.S. corporate, state and municipalities10 1,102 72 — 1,184 
Foreign securities— 198 20 — 218 
Total fixed maturities103 1,307 92 19 1,521 
Equity securities:
Total equity securities(2)
17 77 — 58 152 
Other investments:
Total other investments(3)
— — — 100 100 
Total assets
$120 $1,384 $92 $177 $1,773 
(1) This category includes common collective trust funds a short-term investment fund, which invests in a full range of high-quality, short-term money market securities. Participant's redemptions are processed by the following day.
(2)    Equity securities include two assets that use NAV to calculate fair value. Baillie Gifford Funds has a balance of $26 and uses a bottom up approach to stock picking. In determining the potential of a company, the fund manager analyzes industry background, competitive advantage, management attitudes and financial strength and valuation. There are no redemption restrictions in the Baillie Gifford Funds. Silchester has a fund balance of $26 that has an investment objective to achieve long-term growth primarily by investing in a diversified portfolio of equity securities of companies located in any country other than the United States. Contributions and redemptions are conducted on a monthly basis as of the last business day of each month with notice required. at least six business days before the month-end. Baillie Gifford and Silchester, as a normal course of business, enter into contracts (commitments) that contain indemnifications or warranties. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that have not yet occurred. Baillie Gifford and Silchester have no unfunded commitments.
(3) Other investments that use NAV to calculate fair value includes a real estate fund has a balance of $52 and is an actively managed core portfolio of equity real estate, whose performance objective is to outperform the National Council of Real Estate investment Fiduciaries Open-End Diversified Core ("NFI_ODCE") index and to achieve at least a 5.0% real rate of return (i.e., inflation-adjusted return), before advisory fees, over any given three-to-five-year period. Redemptions of all or a portion of an investor's units may be redeemed as of the end of a calendar quarter with at least 60 days notice. Other investments also includes a limited partnership with a balance of $48 and is designed to realize appreciation in value primarily through the allocation of capital directly and indirectly among investment funds and accounts. There are significant redemption restrictions in the limited partnership fund.
The following table summarizes the fair values of the pension plan assets by asset class as of December 31, 2023:
Level 1Level 2Level 3NAVTotal
Assets
Fixed maturities, short term investments and cash:
  Cash and cash equivalents$$$— $— $
  Short-term investment fund(1)
— — — 21 21 
U.S. Government securities128 — — — 128 
U.S. corporate, state and municipalities10 1,121 65 — 1,196 
Foreign securities— 170 20 — 190 
Total fixed maturities146 1,292 85 21 1,544 
Equity securities:
Total equity securities(2)
15 68 — 68 151 
Other investments:
Total other investments(3)
— — — 136 136 
Total assets$161 $1,360 $85 $225 $1,831 
(1) See footnote 1 to previous table.
(2) Equity securities include two assets that use NAV to calculate fair value. Baillie Gifford Funds has a balance of $25 and Silchester has a fund balance of $33. See footnote 2 to previous table for further information.
(3) Other investments that use NAV to calculate fair value includes a real estate fund has a balance of $61 and a limited partnership with a balance of $75. See footnote 3 to previous table for further information.
Schedule of Expected Benefit Payments
The following table summarizes the expected benefit payments for the Company's pension plans to be paid for the years indicated:
2025$135 
2026136 
2027139 
2028143 
2029146 
2030-2034
775