XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.2
Retirement and Pension Plans
 6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Retirement and Pension Plans Retirement and Pension Plans
The components of net periodic pension benefit expense (income) were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
(In thousands)
Defined benefit plans:
Service cost$1,331 $2,030 $2,705 $4,051 
Interest cost5,032 4,581 10,152 9,148 
Expected return on plan assets(15,033)(14,221)(30,301)(28,395)
Amortization of net actuarial loss and other2,123 4,379 4,297 8,732 
Pension income(6,547)(3,231)(13,147)(6,464)
Other plans:
Defined contribution plans9,811 7,961 23,072 16,416 
Foreign plans and other2,077 2,123 4,395 4,357 
Total other plans11,888 10,084 27,467 20,773 
Total net pension expense$5,341 $6,853 $14,320 $14,309 
For defined benefit plans, the net periodic benefit income, other than the service cost component, is included in “Other (expense) income, net” in the consolidated statement of income.
For the six months ended June 30, 2022 and 2021, contributions to the Company’s defined benefit pension plans were $3.9 million and $4.1 million, respectively. The Company’s current estimate of 2022 contributions to its worldwide defined benefit pension plans is in line with the range disclosed in Note 12 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.