NORTHROP GRUMMAN CORP DE
For the period ended Mar 31, 2025. Filed Apr 22, 2025.
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Mar 31, 2025 · Filed Apr 22, 2025
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8. Retirement Benefits
- RETIREMENT BENEFITS
The cost to the company of its pension and other postretirement benefit (OPB) plans is shown in the following table:
| Three Months Ended March 31 | ||||
|---|---|---|---|---|
| PensionBenefits | OPB | |||
| $ in millions | 2025 | 2024 | 2025 | 2024 |
| Components of net periodic benefit cost (benefit) | ||||
| Service cost | $54 | $60 | $1 | $1 |
| Interest cost | 403 | 381 | 16 | 15 |
| Expected return on plan assets | (540) | (549) | (21) | (21) |
| Amortization of prior service credit | — | — | (1) | — |
| Other | 7 | — | — | — |
| Net periodic benefit cost (benefit) | $(76) | $(108) | $(5) | $(5) |
Employer Contributions
The company sponsors defined benefit pension and OPB plans, as well as defined contribution plans. We fund our defined benefit pension plans annually in a manner consistent with the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act of 2006.
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Contributions made by the company to its retirement plans are as follows:
| Three Months Ended March 31 | ||
|---|---|---|
| $ in millions | 2025 | 2024 |
| Defined benefit pension plans | $18 | $25 |
| OPB plans | 10 | 11 |
| Defined contribution plans | 229 | 230 |
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