XML 33 R21.htm IDEA: XBRL DOCUMENT v3.25.3
Retirement and Pension Plans
9 Months Ended
Sep. 30, 2025
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,
2025202420252024
(In thousands)
Defined benefit plans:
Service cost$603 $737 $1,771 $2,194 
Interest cost7,356 7,043 21,856 21,010 
Expected return on plan assets(13,259)(13,702)(39,589)(40,953)
Amortization of net actuarial loss and other2,074 2,358 6,159 7,028 
Pension income(3,226)(3,564)(9,803)(10,721)
Other plans:
Defined contribution plans10,383 9,759 34,074 35,339 
Foreign plans and other1,569 2,275 4,557 6,251 
Total other plans11,952 12,034 38,631 41,590 
Total net pension expense$8,726 $8,470 $28,828 $30,869 
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, 2025 and 2024, contributions to the Company’s defined benefit pension plans were $4.5 million and $4.4 million, respectively. The Company’s current estimate of 2025 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, 2024.