For the Crowne Plaza postretirement programs, how much of the actuarial gain included in other comprehensive income at December 31, 2024, is estimated to be amortized in 2025?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Oracle America, Inc. | Cr Salesperson: DO NOT FILL IN REQUIRED | ALTERNATE Bill To Address: (i.e. PO Box) | ||
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| Sole Proprietorship Non-Profit Partnership Corporation Subsidiary Division LLC Management Company | ||||
| owne Plaza FDD - 4-15-25 (385) Bill-To Taxpayer ID Number (TIN/EIN) DON'T FILL IN REQUIRED (this will be used as the Bill To address unless an alternate address is provided) | ||||
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| Accounts Payable Contact Name Accounts Payable Contact Phone # | Accounts Payable Contact email address: | |||
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| Site Name / Trade Name S | ite Identifier (store #, inn code) | |||
| SITE Address (Ship To Address - where support would be dispatched) | ||||
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| Site Contact Name (please select Mr., Ms., Mrs., Dr., ect…) | ||||
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| Name Title Date | Notes to Consolidated Financial Statements (continued) |
9. Employee Benefit Plans (continued)
The
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, the company estimates that $0.6 million of the actuarial gain included in other comprehensive income at December 31, 2024, will be amortized for the postretirement benefit programs in 2025. This amortization is on a pretax basis.
This information is relevant to prospective franchisees as it provides insight into Crowne Plaza's financial management of its employee benefit plans. The amortization of actuarial gains can affect the company's financial statements and, by extension, potentially influence the overall financial health of the franchise system. Understanding these aspects of financial management can help franchisees assess the stability and long-term viability of the Crowne Plaza brand.
Furthermore, the FDD also states that Crowne Plaza estimates contributing $1.1 million to the postretirement benefit programs in 2025. These figures offer a glimpse into the scale of Crowne Plaza's commitment to its postretirement benefits and how these obligations are being managed financially. Franchisees may want to further investigate the details of these programs and their potential impact on the company's financial performance.