Axalta Coating Systems Ltd
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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Sep 30, 2024 · Filed Oct 30, 2024
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(7) LONG-TERM EMPLOYEE BENEFITS
Components of Net Periodic Benefit Cost
The following table sets forth the pre-tax components of net periodic benefit costs for our defined benefit plans for the three and nine months ended September 30, 2024 and 2023:
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Components of net periodic benefit cost: | ||||
| Net periodic benefit cost: | ||||
| Service cost | $1 | $1 | $5 | $4 |
| Interest cost | 6 | 5 | 15 | 15 |
| Expected return on plan assets | (3) | (2) | (9) | (8) |
| Amortization of actuarial loss, net | — | — | 2 | — |
| Net periodic benefit cost | $4 | $4 | $13 | $11 |
All non-service components of net periodic benefit cost are recorded in other (income) expense, net within the accompanying condensed consolidated statements of operations.
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