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3M | 8-K: 3M Transfers a Portion of U.S. Pension Payment Obligations

3M | 8-K: 3M Transfers a Portion of U.S. Pension Payment Obligations

3M | 8-K：3M轉移部分美國養老金支付義務
美股sec公告 ·  06/13 06:38
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On June 13, 2024, 3M Company announced the purchase of a group annuity contract from Metropolitan Tower Life Insurance Company to transfer approximately $2.5 billion of its U.S. pension obligations. This transaction will affect around 23,000 U.S. retirees and beneficiaries, representing about 60% of ERIP retiree participants. The transfer, which will be effective from October 1, 2024, will not require additional funding from 3M and will not alter the monthly benefit amounts for individuals. In relation to this, 3M anticipates a non-cash pre-tax non-operating pension settlement charge estimated between $0.8 billion and $0.9 billion for the quarter ending June 30, 2024. This charge will be excluded from the company's non-GAAP results, thus not affecting its adjusted net income or adjusted free cash flow for the second quarter or full year of 2024.
On June 13, 2024, 3M Company announced the purchase of a group annuity contract from Metropolitan Tower Life Insurance Company to transfer approximately $2.5 billion of its U.S. pension obligations. This transaction will affect around 23,000 U.S. retirees and beneficiaries, representing about 60% of ERIP retiree participants. The transfer, which will be effective from October 1, 2024, will not require additional funding from 3M and will not alter the monthly benefit amounts for individuals. In relation to this, 3M anticipates a non-cash pre-tax non-operating pension settlement charge estimated between $0.8 billion and $0.9 billion for the quarter ending June 30, 2024. This charge will be excluded from the company's non-GAAP results, thus not affecting its adjusted net income or adjusted free cash flow for the second quarter or full year of 2024.
2024年6月13日，3m公司宣佈從大都會塔生命保險公司購買團體年金合同，以轉移約25億美元的美國養老金責任。這筆交易將影響約23,000名美國退休人員和受益人，代表ERIP退休參與者的約60%。這項轉讓將於2024年10月1日生效，不需要3m額外的資金，並不會改變個人每月的福利金額。關於此事，3m預計將在2024年6月30日結束的季度出現約8億美元至9億美元的非現金稅前非營運養老金結算費用。這項費用將不計入公司的非GAAP結果，因此不會影響其在2024年第二季度或全年的調整後淨收入或調整後自由現金流。
2024年6月13日，3m公司宣佈從大都會塔生命保險公司購買團體年金合同，以轉移約25億美元的美國養老金責任。這筆交易將影響約23,000名美國退休人員和受益人，代表ERIP退休參與者的約60%。這項轉讓將於2024年10月1日生效，不需要3m額外的資金，並不會改變個人每月的福利金額。關於此事，3m預計將在2024年6月30日結束的季度出現約8億美元至9億美元的非現金稅前非營運養老金結算費用。這項費用將不計入公司的非GAAP結果，因此不會影響其在2024年第二季度或全年的調整後淨收入或調整後自由現金流。
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