XML 32 R21.htm IDEA: XBRL DOCUMENT v3.24.3
Retirement and Pension Plans
 9 Months Ended
Sep. 30, 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
September 30,		Nine Months Ended
September 30,
2024202320242023
(In thousands)
Defined benefit plans:
Service cost$737 $751 $2,194 $2,240 
Interest cost7,043 7,588 21,010 22,655 
Expected return on plan assets(13,702)(13,100)(40,953)(39,167)
Amortization of net actuarial loss and other2,358 2,851 7,028 8,514 
Pension income(3,564)(1,910)(10,721)(5,758)
Other plans:
Defined contribution plans9,759 9,908 35,339 33,936 
Foreign plans and other2,275 2,011 6,251 6,581 
Total other plans12,034 11,919 41,590 40,517 
Total net pension expense$8,470 $10,009 $30,869 $34,759 
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 nine months ended September 30, 2024 and 2023, contributions to the Company’s defined benefit pension plans were $4.4 million and $3.9 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.