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Retirement Plans (Tables)

6 Months Ended

Jun. 30, 2024

Defined Benefit Pension Plans

Net Periodic Pension and Postretirement Benefit Costs

For the three and six months ended June 30, 2024, and July 2, 2023, Teradyne’s net periodic pension cost was comprised of the following:

		For the Three Months Ended
		June 30, 2024								July 2, 2023
		United States				Foreign				United States				Foreign
		(in thousands)
Service cost		$	217			$	114			$	272			$	110
Interest cost			1,646				243				1,714				263
Expected return on plan assets			(1,265	)			(18	)			(1,286	)			(9	)
Net actuarial loss (gain)			111				(242	)			24				—
Settlement loss (gain)			—				(24	)			—				—
Total net periodic pension cost		$	709			$	73			$	724			$	364

		For the Six Months Ended
		June 30, 2024								July 2, 2023
		United States				Foreign				United States				Foreign
		(in thousands)
Service cost		$	448			$	231			$	543			$	220
Interest cost			3,293				489				3,425				526
Expected return on plan assets			(2,533	)			(34	)			(2,571	)			(18	)
Net actuarial loss (gain)			111				(242	)			24				—
Settlement loss (gain)			—				(24	)			—				—
Total net periodic pension cost		$	1,319			$	420			$	1,421			$	728

Postretirement Benefit Plans

Net Periodic Pension and Postretirement Benefit Costs

For the three and six months ended June 30, 2024, and July 2, 2023, Teradyne’s net periodic postretirement benefit cost was comprised of the following:

		For the Three Months  Ended								For the Six Months  Ended
		June 30, 2024				July 2, 2023				June 30, 2024				July 2, 2023
		(in thousands)								(in thousands)
Service cost		$	9			$	8			$	18			$	17
Interest cost			72				60				145				121
Amortization of prior service credit			(2	)			(2	)			(4	)			(4	)
Special termination benefits			170				369				462				369
Net actuarial loss (gain)			(94	)			30				(94	)			30
Total net periodic postretirement benefit cost		$	155			$	465			$	527			$	533

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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