XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.1
Retirement and Pension Plans
 3 Months Ended
Mar. 31, 2023
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
March 31,
20232022
(In thousands)
Defined benefit plans:
Service cost$740 $1,374 
Interest cost7,501 5,120 
Expected return on plan assets(12,996)(15,268)
Amortization of net actuarial loss and other2,821 2,174 
Pension income(1,934)(6,600)
Other plans:
Defined contribution plans13,516 13,261 
Foreign plans and other2,571 2,318 
Total other plans16,087 15,579 
Total net pension expense$14,153 $8,979 
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 three months ended March 31, 2023 and 2022, contributions to the Company’s defined benefit pension plans were $1.4 million and $2.1 million, respectively. The Company’s current estimate of 2023 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, 2022.