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Retirement and Pension Plans | 3 Months Ended
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Mar. 31, 2024
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, |  |
| 2024 |  | 2023 |  |  |  |
| (In thousands)
Defined benefit plans: |  |  |  |  |  |  |
Service cost | $ | 730 |  |  | $ | 740 |  |  |  |  |
Interest cost | 6,989 |  |  | 7,501 |  |  |  |  |
Expected return on plan assets | (13,632) |  |  | (12,996) |  |  |  |  |
Amortization of net actuarial loss and other | 2,337 |  |  | 2,821 |  |  |  |  |
Pension income | (3,576) |  |  | (1,934) |  |  |  |  |
Other plans: |  |  |  |  |  |  |
Defined contribution plans | 14,595 |  |  | 13,516 |  |  |  |  |
Foreign plans and other | 1,689 |  |  | 2,571 |  |  |  |  |
Total other plans | 16,284 |  |  | 16,087 |  |  |  |  |
Total net pension expense | $ | 12,708 |  |  | $ | 14,153 |  |  |  |  |
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, 2024 and 2023, contributions to the Company’s defined benefit pension plans were $1.5 million and $1.4 million, respectively. The Company’s current estimate of 2024 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, 2023.

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