Filing excerpt
In July 2026, we settled substantially all obligations under the U.S. pension plan through a combination of lump sum payments and the purchase of a non-participating group buy-out annuity contract, both of which were funded with plan assets. In connection with the settlement, we made a cash contribution of $6 million to the U.S. pension plan in order to satisfy the remaining plan liabilities including the cost to purchase the annuity contract and distribute the lump sum payments.