FRANKLIN ELECTRIC CO INC
For the period ended Mar 31, 2025. Filed May 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 1, 2025
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Employee Benefit Plans
- EMPLOYEE BENEFIT PLANS
The following table sets forth the aggregated net periodic benefit cost for all pension plans for the first quarters ended March 31, 2025 and March 31, 2024:
| (In millions) | Pension Benefits | |
|---|---|---|
| First Quarter Ended | ||
| March 31, 2025 | March 31, 2024 | |
| Service cost | $— | $0.1 |
| Interest cost | 1.4 | 1.5 |
| Expected return on assets | (1.6) | (1.9) |
| Amortization of: | ||
| Prior service cost | — | — |
| Actuarial loss | 0.4 | 0.6 |
| Settlement cost | — | — |
| Net periodic benefit cost | $0.2 | $0.3 |
The following table sets forth the aggregated net periodic benefit cost for the other post-retirement benefit plan for the first quarters ended March 31, 2025 and March 31, 2024:
| (In millions) | Other Benefits | |
|---|---|---|
| First Quarter Ended | ||
| March 31, 2025 | March 31, 2024 | |
| Service cost | $— | $— |
| Interest cost | 0.1 | 0.1 |
| Expected return on assets | — | — |
| Amortization of: | ||
| Prior service cost | — | — |
| Actuarial loss | — | — |
| Settlement cost | — | — |
| Net periodic benefit cost | $0.1 | $0.1 |
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