Axalta Coating Systems Ltd
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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Jun 30, 2024 · Filed Aug 1, 2024
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) LONG-TERM EMPLOYEE BENEFITS
(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 and six months ended June 30, 2024 and 2023:
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Components of net periodic benefit cost: | ||||
| Net periodic benefit cost: | ||||
| Service cost | $3 | $1 | $4 | $3 |
| Interest cost | 4 | 5 | 9 | 10 |
| Expected return on plan assets | (3) | (3) | (6) | (6) |
| Amortization of actuarial loss, net | 1 | — | 2 | — |
| Net periodic benefit cost | $5 | $3 | $9 | $7 |
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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