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Investment And Other Income, Net

12 Months Ended

Dec. 31, 2024

Investment And Other Income, Net [Abstract]

Investment and Other Income, Net

(11) Investment and Other Income, Net:

The components of investment and other income, net are as follows:

			For the year ended			For the year ended			For the year ended
			December 31,			December 31,			December 31,
	($ in millions)		2024			2023			2022
	Interest and dividend income		$	80		$	87		$	42
	Pension benefit			38			19			75
	OPEB costs			(3)			(9)			(18)
	OPEB remeasurement (loss) gain			35			(3)			248
	Pension remeasurement (loss) gain			(45)			202			218
	All other, net			-			(18)			(11)
	Total investment and other income, net		$	105		$	278		$	554

During 2024, Frontier remeasured its pension plan and postretirement benefit plan obligations, resulting in remeasurement loss of $45 million and a remeasurement gain of $35 million, respectively, for the year ended December 31, 2024. The

pension remeasurement loss was primarily a result of the demographic updates, interest rate related assumptions and the actual return on assets, offset by the discount rate change. The OPEB remeasurement gain was primarily a result of the discount rate change.  Refer to Note 18 for further details.

During 2023, we amended the medical coverage for certain postretirement benefit plans, which resulted in remeasurement loses of $3 million, primarily due to discount rate changes. For the pension plan, we had a remeasurement gain of $202 million, primarily due to strong investment performance during 2023.

During 2022, we recorded an actuarial gain of $248 million as a result of remeasurements due to amendments in the medical coverage for certain postretirement benefit plans, discount rate changes, as well as regular period end remeasurements. As a result of pension settlement charges incurred during 2023, we had a remeasurement gain of $218 million, which included period end remeasurement.

Pension and OPEB benefit (cost) consists of interest costs, expected return on plan assets, amortization of prior service (costs) and recognition of actuarial (gain) loss. Service cost components of pension and OPEB benefit costs are included in “Selling, general, and administrative expenses” on our consolidated statements of operations.

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- Definition

The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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- References

No definition available.

+ Details

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