XML 26 R17.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Net Periodic Benefit Cost | 9 Months Ended
--- | ---
Sep. 30, 2022
Retirement Benefits [Abstract] |
NET PERIODIC BENEFIT COST | NET PERIODIC PENSION COST Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended September 30:
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other U.S. Post-retirement Benefits |  | Total
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021
Service cost, net | $ | 416 |  |  | $ | 374 |  |  | $ | 4,732 |  |  | $ | 4,858 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,148 |  |  | $ | 5,232 |
Interest cost on projected benefit obligations | 674 |  |  | 546 |  |  | 1,447 |  |  | 843 |  |  | 3 |  |  | 2 |  |  | 2,124 |  |  | 1,391 |
Expected return on plan assets | (1,548) |  |  | (1,494) |  |  | (8,951) |  |  | (8,851) |  |  | — |  |  | — |  |  | (10,499) |  |  | (10,345) |
Recognition of prior service cost | — |  |  | — |  |  | (1,046) |  |  | (462) |  |  | (19) |  |  | (18) |  |  | (1,065) |  |  | (480) |
Recognition of actuarial losses/(gains) | 584 |  |  | 728 |  |  | 4,665 |  |  | 6,211 |  |  | (8) |  |  | (10) |  |  | 5,241 |  |  | 6,929 |
Net periodic pension cost/(credit) | $ | 126 |  |  | $ | 154 |  |  | $ | 847 |  |  | $ | 2,599 |  |  | $ | (24) |  |  | $ | (26) |  |  | $ | 949 |  |  | $ | 2,727 |
Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the nine months ended September 30:
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other U.S. Post-retirement Benefits |  | Total
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021
Service cost, net | $ | 1,248 |  |  | $ | 1,122 |  |  | $ | 14,497 |  |  | $ | 14,710 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,745 |  |  | $ | 15,832 |
Interest cost on projected benefit obligations | 2,022 |  |  | 1,644 |  |  | 4,497 |  |  | 2,551 |  |  | 9 |  |  | 6 |  |  | 6,528 |  |  | 4,201 |
Expected return on plan assets | (4,642) |  |  | (4,482) |  |  | (27,398) |  |  | (26,726) |  |  | — |  |  | — |  |  | (32,040) |  |  | (31,208) |
Recognition of prior service cost | — |  |  | — |  |  | (3,187) |  |  | (1,398) |  |  | (56) |  |  | (56) |  |  | (3,243) |  |  | (1,454) |
Recognition of actuarial losses/(gains) | 1,753 |  |  | 2,186 |  |  | 14,304 |  |  | 18,756 |  |  | (23) |  |  | (28) |  |  | 16,034 |  |  | 20,914 |
Net periodic pension cost/(credit) | $ | 381 |  |  | $ | 470 |  |  | $ | 2,713 |  |  | $ | 7,893 |  |  | $ | (70) |  |  | $ | (78) |  |  | $ | 3,024 |  |  | $ | 8,285 |
As previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, the Company expects to make employer contributions of approximately $28.2 million to its non-U.S. pension plans during the year ended December 31, 2022. These estimates may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI https://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration