Axalta Coating Systems Ltd
For the period ended Mar 31, 2024. Filed May 1, 2024.
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Mar 31, 2024 · Filed May 1, 2024
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(6) 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 months ended March 31, 2024 and 2023:
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Components of net periodic benefit cost: | ||
| Net periodic benefit cost: | ||
| Service cost | $1 | $2 |
| Interest cost | 5 | 5 |
| Expected return on plan assets | (3) | (3) |
| Amortization of actuarial loss, net | 1 | — |
| Net periodic benefit cost | $4 | $4 |
All non-service components of net periodic benefit cost are recorded in other expense, net within the accompanying condensed consolidated statements of operations.
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