2025 Oshkosh Corporation Annual Report

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 (gain) $

(4.4) $

0.7 8.0 8.7

Prior service benefit

6.8

$

2.4 $

December 31,

2025

2024

Weighted-average assumptions as of end of period: Discount rate

5.02%

5.41%

Expected return on plan assets n/a The components of net periodic pension benefit cost and net periodic post-employment benefit cost were as follows (in millions): Pension Benefits Year Ended December 31, 2025 2024 2023 Components of net periodic pension benefit cost: Service cost $ 5.1 $ 6.2 $ 6.6 Interest cost 17.9 16.8 16.6 Expected return on plan assets (21.7) (20.7) (19.4) Amortization of prior service cost 1.7 1.7 1.9 Amortization of net actuarial gain (5.8) (2.6) (2.4) Expenses paid 0.6 0.7 1.0 Net periodic pension benefit cost $ (2.2) $ 2.1 $ 4.3 Other changes in plan assets and benefit obligations recognized in other comprehensive income: Net actuarial gain $ (9.8) $ (43.5) $ (12.5) Amortization of prior service cost (1.7) (1.7) (1.9) Amortization of net actuarial gain 5.8 2.6 2.4 $ (5.7) $ (42.6) $ (12.0) Weighted-average assumptions: Discount rate 5.63% 4.89% 5.09% Expected return on plan assets 6.50% 6.50% 6.50% n/a

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