Mettler-Toledo(US:MTD)2025-02-07 16:47Financial Liabilities and Assets - As of December 31, 2024, the company reported a net liability of $3.2 million from cross currency swap agreements, with a potential market value change of approximately $7.0 million for a 100-basis-point change in interest rates and foreign currency exchange rates [270]. - The valuation allowance for deferred tax assets was $73.2 million as of December 31, 2024, based on management's estimates of future taxable income [273]. - The company’s consolidated balance sheet included goodwill of $668.9 million and other intangible assets of $257.1 million as of December 31, 2024 [280]. - The company has not recognized any impairment of goodwill or indefinite-lived intangible assets to date, but future assessments may be required if operating performance declines [284]. Pension and Benefit Obligations - The net periodic pension cost for the U.S. pension plan was $3.0 million for 2024, while the projected benefit obligation was $99.9 million [276]. - The expected post-retirement benefit obligation for the U.S. post-retirement medical benefit plan was $0.5 million as of December 31, 2024 [276]. - A change in the rate of return of 1% would impact annual benefit plan expense by approximately $8.7 million after tax [278]. - The weighted average discount rate assumption was 5.34% for the U.S. plan, with a 1% change impacting annual benefit plan expense by approximately $8.5 million after tax [279]. Taxation and Earnings - Based on earnings before taxes of $1.0 billion for the year ended December 31, 2024, each increase of $10.4 million in tax expense would increase the effective tax rate by 1% [275]. - The company plans to repatriate earnings from multiple countries, expecting additional tax costs associated with non-U.S. withholding taxes and U.S. taxes on currency gains [274].