OSHKOSH CORPORATION NOTES OF CONSOLIDATED FINANCIAL STATEMENTS
December 31,
2025
2024
Recognized in accumulated other comprehensive income (loss) as of end of period (net of taxes): Net actuarial loss $
69.6 $
66.5
Prior service cost
(5.6)
(6.8)
$
64.0 $
59.7
December 31,
2025
2024
Weighted-average assumptions as of end of period: Discount rate
5.47% 6.50%
5.63%
Expected return on plan assets 6.50% Pension benefit plans with accumulated benefit obligations in excess of plan assets consisted of the following (in millions): December 31, 2025 2024 Projected benefit obligation $ 27.7 $ 28.4 Accumulated benefit obligation 27.1 27.7 Fair value of plan assets — — Changes in benefit obligations and plan assets, as well as the funded status of the Company’s post-employment benefit plans were as follows (in millions): Year Ended December 31, 2025 2024 Accumulated benefit obligation at end of period $ 54.3 $ 47.3
Change in projected benefit obligation: Benefit obligation at beginning of period
$
47.3 $
52.1
Service cost Interest cost
1.4 2.4 6.8
1.7 2.5
Actuarial loss (gain)
(5.1) (3.9)
Benefits paid
(3.6)
Benefit obligation at end of period
$
54.3 $
47.3
Change in plan assets:
Company contributions
$
3.6 $
3.9
Benefits paid
(3.6)
(3.9)
Fair value of plan assets at end of period Funded status of plans - at end of period
$ $
— $
—
(54.3) $
(47.3)
December 31,
2025
2024
Recognized in consolidated balance sheet at end of period: Accrued benefit liability (current liability)
$
(4.6) $
(3.9)
Accrued benefit liability (non-current liability)
(49.7)
(43.4) (47.3)
$
(54.3) $
67
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