Korn Ferry KFY Hay Group — Discount rate, beginning of year
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Where this comes from
Reported directly by Korn Ferry in its filing.
Tagged under the XBRL concept us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate.
The official record: Korn Ferry’s 10-K, filed June 27, 2025, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Korn Ferry's hay group — discount rate, beginning of year?
- Korn Ferry (KFY) reported hay group — discount rate, beginning of year of 5.2% in Q1 2025.
- How has Korn Ferry's hay group — discount rate, beginning of year changed year-over-year?
- Korn Ferry's hay group — discount rate, beginning of year decreased by 8.4% year-over-year, from 5.6% to 5.2%.
- What does hay group — discount rate, beginning of year mean?
- The discount rate used to calculate the present value of the company's defined benefit pension obligations at the start of the fiscal year. This rate is typically based on high-quality corporate bond yields and significantly impacts the reported liability and service cost. Changes in this rate reflect shifts in the interest rate environment and their direct impact on long-term pension liabilities.