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Retirement Plans (Tables)
9 Months Ended
Sep. 28, 2025
Net Periodic Pension and Postretirement Benefit Costs

For the three and nine months ended September 28, 2025, and September 29, 2024, Teradyne’s net periodic pension cost was comprised of the following:

 

 

 

For the Three Months Ended

 

 

 

September 28, 2025

 

 

September 29, 2024

 

 

 

United
States

 

 

Foreign

 

 

United
States

 

 

Foreign

 

 

 

(in thousands)

 

Service cost

 

$

153

 

 

$

149

 

 

$

216

 

 

$

119

 

Interest cost

 

 

1,426

 

 

 

300

 

 

 

1,590

 

 

 

256

 

Expected return on plan assets

 

 

(989

)

 

 

(24

)

 

 

(1,204

)

 

 

(23

)

Net actuarial loss (gain)

 

 

 

 

 

 

 

 

(2,262

)

 

 

 

Settlement loss (gain)

 

 

(800

)

 

 

 

 

 

 

 

 

 

Settlement expense

 

 

 

 

 

 

 

 

394

 

 

 

 

Total net periodic pension cost

 

$

(210

)

 

$

425

 

 

$

(1,266

)

 

$

352

 

 

 

 

For the Nine Months Ended

 

 

 

September 28, 2025

 

 

September 29, 2024

 

 

 

United
States

 

 

Foreign

 

 

United
States

 

 

Foreign

 

 

 

(in thousands)

 

Service cost

 

$

462

 

 

$

437

 

 

$

665

 

 

$

360

 

Interest cost

 

 

4,299

 

 

 

892

 

 

 

4,883

 

 

 

766

 

Expected return on plan assets

 

 

(2,970

)

 

 

(71

)

 

 

(3,737

)

 

 

(58

)

Net actuarial loss (gain)

 

 

41

 

 

 

 

 

 

(2,151

)

 

 

(242

)

Settlement loss (gain)

 

 

(800

)

 

 

 

 

 

 

 

 

 

Settlement expense

 

 

 

 

 

 

 

 

394

 

 

 

(24

)

Total net periodic pension cost

 

$

1,032

 

 

$

1,258

 

 

$

54

 

 

$

802

 

Postretirement Benefit Plans  
Net Periodic Pension and Postretirement Benefit Costs

For the three and nine months ended September 28, 2025, and September 29, 2024, Teradyne’s net periodic postretirement benefit cost was comprised of the following:

 

 

 

For the Three Months
 Ended

 

 

For the Nine Months
 Ended

 

 

 

September 28,
2025

 

 

September 29,
2024

 

 

September 28,
2025

 

 

September 29,
2024

 

 

 

(in thousands)

 

 

(in thousands)

 

Service cost

 

$

9

 

 

$

9

 

 

$

27

 

 

$

28

 

Interest cost

 

 

76

 

 

 

72

 

 

 

229

 

 

 

217

 

Amortization of prior service credit

 

 

(2

)

 

 

(2

)

 

 

(7

)

 

 

(7

)

Special termination benefits

 

 

 

 

 

 

 

 

684

 

 

 

462

 

Net actuarial loss (gain)

 

 

 

 

 

 

 

 

87

 

 

 

(94

)

Total net periodic postretirement benefit cost

 

$

83

 

 

$

79

 

 

$

1,020

 

 

$

606