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Employee Benefit Plans | 9 Months Ended
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Sep. 30, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] |
Employee Benefit Plans | 15. Employee Benefit Plans Retirement Plans The Company sponsors qualified defined benefit pension plans covering certain employees of the Company and its subsidiaries, although the U.S. qualified and non-qualified defined benefit plans are closed to new entrants. The plans’ benefits are generally based on years of service and employee compensation. The Company also provides to certain management employees, through non-qualified plans, supplemental retirement benefits in excess of qualified plan limits imposed by federal tax law. The tables below set forth the components of the Company’s net periodic (income) expense relating to retirement benefit plans. The service cost component is recognized within selling, general and administrative expenses and cost of goods and services, depending on the functional area of the underlying employees included in the plans, and the non-operating components of pension costs are included within other income, net in the Condensed Consolidated Statements of Earnings. Qualified Defined Benefits
| Three Months Ended September 30, |  |  |  |  |  |  |  | Nine Months Ended September 30, |  |  |  |  |  |
| U.S. Plan |  |  |  | Non-U.S. Plans |  |  |  | U.S. Plan |  |  |  | Non-U.S. Plans |  |
| 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Service cost | $ | 1,706 |  |  | $ | 1,754 |  |  | $ | 1,366 |  |  | $ | 1,429 |  |  | $ | 5,118 |  |  | $ | 5,262 |  |  | $ | 3,954 |  |  | $ | 4,265 |
Interest cost | 4,068 |  |  | 4,756 |  |  | 839 |  |  | 1,193 |  |  | 12,204 |  |  | 14,269 |  |  | 2,460 |  |  | 3,641 |
Expected return on plan assets | (7,869) |  |  | (8,534) |  |  | (1,719) |  |  | (1,538) |  |  | (23,607) |  |  | (25,602) |  |  | (5,033) |  |  | (4,664) |
Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prior service cost (credit) | 57 |  |  | 76 |  |  | (126) |  |  | (102) |  |  | 170 |  |  | 227 |  |  | (365) |  |  | (298) |
Recognized actuarial loss | 1,884 |  |  | — |  |  | 777 |  |  | 763 |  |  | 5,652 |  |  | — |  |  | 2,253 |  |  | 2,288 |
Net periodic (income) expense | $ | (154) |  |  | $ | (1,948) |  |  | $ | 1,137 |  |  | $ | 1,745 |  |  | $ | (463) |  |  | $ | (5,844) |  |  | $ | 3,269 |  |  | $ | 5,232 |
Non-Qualified Supplemental Benefits
| Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Service cost | $ | 318 |  |  | $ | 486 |  |  | $ | 954 |  |  | $ | 1,457 |
Interest cost | 441 |  |  | 668 |  |  | 1,324 |  |  | 2,003 |
Amortization: |  |  |  |  |  |  |
Prior service cost | 424 |  |  | 703 |  |  | 1,271 |  |  | 2,109 |
Recognized actuarial gain | (464) |  |  | (570) |  |  | (1,393) |  |  | (1,710) |
Net periodic expense | $ | 719 |  |  | $ | 1,287 |  |  | $ | 2,156 |  |  | $ | 3,859 |
Post-Retirement Benefit Plans The Company also maintains post-retirement benefit plans, although these plans are closed to new entrants. The post-retirement benefit plans are supported by the general assets of the Company. The following table sets forth the components of the Company’s net periodic expense relating to its post-retirement benefit plans:
| Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Service cost | $ | 5 |  |  | $ | 5 |  |  | $ | 15 |  |  | $ | 15 |
Interest cost | 60 |  |  | 78 |  |  | 181 |  |  | 234 |
Amortization: |  |  |  |  |  |  |
Prior service cost | 3 |  |  | 3 |  |  | 10 |  |  | 10 |
Recognized actuarial gain | (3) |  |  | (17) |  |  | (11) |  |  | (52) |
Net periodic expense | $ | 65 |  |  | $ | 69 |  |  | $ | 195 |  |  | $ | 207 |
The total amount amortized out of accumulated other comprehensive earnings into net periodic pension and post-retirement expense totaled $2,552 and $856 for the three months ended September 30, 2020 and 2019, respectively, and $7,587 and $2,574 for the nine months ended September 30, 2020 and 2019, respectively. Defined Contribution Retirement Plans The Company also offers defined contribution retirement plans which cover the majority of its U.S. employees, as well as employees in certain other countries. The related expense is recognized within selling, general and administrative expenses and cost of goods and services, depending on the functional area of the underlying employees included in the plans. The Company’s expense relating to defined contribution plans was $12,530, and $12,188 for the three months ended September 30, 2020 and 2019, respectively, and $39,071 and $38,340 for the nine months ended September 30, 2020 and 2019.

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