HUNTINGTON INGALLS INDUSTRIES, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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, 2026 · Filed May 5, 2026
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Employee Pension and Other Postretirement Benefits
- EMPLOYEE PENSION AND OTHER POSTRETIREMENT BENEFITS
The Company provides eligible employees defined benefit pension plans, defined contribution benefit plans, and other postretirement benefit plans.
The costs of the Company's defined benefit pension plans and other postretirement benefit plans for the three months ended March 31, 2026 and 2025, were as follows:
| Pension Benefits | Other Benefits | |||
|---|---|---|---|---|
| ($ in millions) | 2026 | 2025 | 2026 | 2025 |
| Components of net periodic benefit cost | ||||
| Service cost | $21 | $22 | $1 | $1 |
| Interest cost | 85 | 84 | 4 | 4 |
| Expected return on plan assets | (144) | (137) | — | — |
| Amortization of prior service cost (credit) | 4 | 4 | — | — |
| Amortization of net actuarial loss (gain) | 1 | — | (3) | (3) |
| Net periodic benefit (income) cost | $(33) | $(27) | $2 | $2 |
The Company made the following contributions to its defined benefit pension plans and other postretirement benefit plans for the three months ended March 31, 2026 and 2025:
| ($ in millions) | 2026 | 2025 |
|---|---|---|
| Pension plans | ||
| Discretionary | ||
| Qualified | $1 | $— |
| Non-qualified | 3 | 4 |
| Other benefit plans | 10 | 9 |
| Total contributions | $14 | $13 |
For the year ending December 31, 2026, the Company expects its cash contributions to its qualified defined benefit pension plans to be approximately $2 million, all of which will be discretionary.
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