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v3.23.4

Retirement, Pension and Other Postretirement Plans (Tables) | 12 Months Ended
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Oct. 31, 2023
Summary of Accumulated Other Comprehensive Loss | Accumulated other comprehensive loss at October 31, 2023 and 2022 consisted of:
| Cumulative translation adjustments |  | Pension and postretirement benefit plan adjustments |  | Accumulated other comprehensive loss
Balance at October 31, 2022 | $ | (160,046) |  |  | $ | (47,736) |  |  | $ | (207,782) |
Pension and postretirement plan changes, net of tax of $4,774 | — |  |  | (15,425) |  |  | (15,425) |
Currency translation losses | 26,766 |  |  | — |  |  | 26,766 |
Balance at October 31, 2023 | $ | (133,280) |  |  | $ | (63,161) |  |  | $ | (196,441) |
Pension Plans |
Reconciliation of the Benefit Obligations, Plan Assets, Accrued Benefit Cost and the Amount Recognized in Financial Statements for Pension Plans | A reconciliation of the benefit obligations, plan assets, accrued benefit cost and the amount recognized in financial statements for pension plans is as follows:
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
Change in benefit obligation: |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 303,520 |  |  | $ | 627,271 |  |  | $ | 60,880 |  |  | $ | 106,049 |
Service cost | 10,973 |  |  | 16,820 |  |  | 1,096 |  |  | 1,693 |
Interest cost | 16,699 |  |  | 14,486 |  |  | 2,513 |  |  | 1,105 |
Participant contributions | — |  |  | — |  |  | 79 |  |  | 72 |
Settlements | (1,499) |  |  | (171,181) |  |  | (607) |  |  | (1,446) |
Curtailments | — |  |  | (2,715) |  |  | (2) |  |  | (705) |
Foreign currency exchange rate change | — |  |  | — |  |  | 3,566 |  |  | (14,291) |
Actuarial (gain) loss | (4,120) |  |  | (165,697) |  |  | (2,361) |  |  | (29,414) |
Benefits paid | (6,387) |  |  | (15,464) |  |  | (2,351) |  |  | (2,183) |
Benefit obligation at end of year | $ | 319,186 |  |  | $ | 303,520 |  |  | $ | 62,813 |  |  | $ | 60,880 |
Change in plan assets: |  |  |  |  |  |  |
Beginning fair value of plan assets | $ | 333,851 |  |  | $ | 639,589 |  |  | $ | 38,316 |  |  | $ | 47,274 |
Actual return on plan assets | (6,307) |  |  | (121,912) |  |  | 117 |  |  | 301 |
Company contributions | 2,018 |  |  | 2,819 |  |  | 2,429 |  |  | 2,381 |
Participant contributions | — |  |  | — |  |  | 79 |  |  | 72 |
Settlements | (1,499) |  |  | (171,181) |  |  | (607) |  |  | (1,446) |
Foreign currency exchange rate change | — |  |  | — |  |  | 1,880 |  |  | (8,083) |
Benefits paid | (6,387) |  |  | (15,464) |  |  | (2,351) |  |  | (2,183) |
Ending fair value of plan assets | $ | 321,676 |  |  | $ | 333,851 |  |  | $ | 39,863 |  |  | $ | 38,316 |
Funded status at end of year | $ | 2,490 |  |  | $ | 30,331 |  |  | $ | (22,950) |  |  | $ | (22,564) |
Amounts recognized in financial statements: |  |  |  |  |  |  |
Noncurrent asset | $ | 11,473 |  |  | $ | 41,548 |  |  | $ | 9,991 |  |  | $ | 7,588 |
Accrued benefit liability | (1,494) |  |  | (813) |  |  | (5) |  |  | (5) |
Long-term pension obligations | (7,489) |  |  | (10,404) |  |  | (32,936) |  |  | (30,147) |
Total amount recognized in financial statements | $ | 2,490 |  |  | $ | 30,331 |  |  | $ | (22,950) |  |  | $ | (22,564) |
The net actuarial gain included in the projected benefit obligation for the United States pension plans for 2023 was primarily due to higher discount rates partially offset by losses due to demographic experience. The net actuarial gain included in the projected benefit obligation for the United States pension plans for 2022 was primarily due to higher discount rates partially offset by an increase in the compensation increase assumption. Amounts recognized in accumulated other comprehensive loss (income):
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
Net actuarial loss (gain) | $ | 102,506 |  |  | $ | 74,293 |  |  | $ | (3,122) |  |  | $ | (2,280) |
Prior service cost (credit) | — |  |  | — |  |  | (91) |  |  | (133) |
Accumulated other comprehensive loss (income) | $ | 102,506 |  |  | $ | 74,293 |  |  | $ | (3,213) |  |  | $ | (2,413) |
Summary of Accumulated Other Comprehensive Loss | The following table summarizes the changes in accumulated other comprehensive loss (income):
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
Balance at beginning of year | $ | 74,293 |  |  | $ | 142,118 |  |  | $ | (2,413) |  |  | $ | 28,736 |
Net loss (gain) arising during the year | 28,303 |  |  | (16,010) |  |  | (943) |  |  | (28,234) |
Net (gain) recognized during the year | — |  |  | (7,504) |  |  | (79) |  |  | (2,278) |
Prior service adjustment recognized during the year | — |  |  | (48) |  |  | 50 |  |  | 104 |
Settlement (gain) loss | (90) |  |  | (41,548) |  |  | 425 |  |  | 29 |
Curtailment (gain) loss | — |  |  | (2,715) |  |  | 2 |  |  | 1,406 |
Exchange rate effect during the year | — |  |  | — |  |  | (255) |  |  | (2,176) |
Balance at end of year | $ | 102,506 |  |  | $ | 74,293 |  |  | $ | (3,213) |  |  | $ | (2,413) |
Accumulated Benefit Obligation | Information regarding the funded status of the Company's plans is as follows:
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
For plans with accumulated benefit obligation in excess of plan assets: |  |  |  |  |  |  |
Accumulated benefit obligation | $ | 8,703 |  |  | $ | 10,555 |  |  | $ | 36,413 |  |  | $ | 32,514 |
Fair value of plan assets | — |  |  | — |  |  | 5,115 |  |  | 4,724 |
For plans with projected benefit obligation in excess of plan assets: |  |  |  |  |  |  |
Projected benefit obligation | 8,983 |  |  | 11,217 |  |  | 38,039 |  |  | 34,931 |
Fair value of plan assets | — |  |  | — |  |  | 5,115 |  |  | 4,778 |
Components of Net Periodic Benefits Cost | Net periodic pension costs include the following components:
| United States |  | International
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Service cost | $ | 10,973 |  |  | $ | 16,820 |  |  | $ | 22,555 |  |  | $ | 1,096 |  |  | $ | 1,693 |  |  | $ | 2,120 |
Interest cost | 16,699 |  |  | 14,486 |  |  | 13,652 |  |  | 2,513 |  |  | 1,105 |  |  | 887 |
Expected return on plan assets | (26,116) |  |  | (27,776) |  |  | (28,410) |  |  | (1,532) |  |  | (1,430) |  |  | (1,585) |
Amortization of prior service credit | — |  |  | 48 |  |  | (64) |  |  | (50) |  |  | (104) |  |  | (303) |
Amortization of net actuarial loss | — |  |  | 7,504 |  |  | 14,885 |  |  | 79 |  |  | 2,278 |  |  | 3,144 |
Settlement loss (gain) | 90 |  |  | 41,548 |  |  | 4,111 |  |  | (425) |  |  | (29) |  |  | 32 |
Curtailment gain | — |  |  | — |  |  | — |  |  | (2) |  |  | (2,112) |  |  | — |
Total benefit cost | $ | 1,646 |  |  | $ | 52,630 |  |  | $ | 26,729 |  |  | $ | 1,679 |  |  | $ | 1,401 |  |  | $ | 4,295 |
Weighted Average Assumptions Representing the Rates Used to Develop the Actuarial Present Value of Projected Benefit Obligation and the Net Periodic Benefit Costs | The weighted average assumptions used in the valuation of pension benefits were as follows:
| United States |  | International
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Assumptions used to determine benefit obligations at October 31: |  |  |  |  |  |  |  |  |  |  |
Discount rate | 6.08 | % |  | 5.70 | % |  | 3.02 | % |  | 4.35 | % |  | 3.78 | % |  | 1.30 | %
Rate of compensation increase | 3.92 |  |  | 4.30 |  |  | 4.00 |  |  | 2.96 |  |  | 3.44 |  |  | 2.90 |
Assumptions used to determine net benefit costs for the years ended October 31: |  |  |  |  |  |  |  |  |  |  |
Discount rate - benefit obligation | 5.70 |  |  | 3.02 |  |  | 2.85 |  |  | 3.78 |  |  | 1.30 |  |  | 1.01 |
Discount rate - service cost | 5.89 |  |  | 3.42 |  |  | 3.30 |  |  | 2.88 |  |  | 1.14 |  |  | 0.93 |
Discount rate - interest cost | 5.37 |  |  | 2.35 |  |  | 2.10 |  |  | 3.85 |  |  | 1.37 |  |  | 0.80 |
Expected return on plan assets | 6.40 |  |  | 5.75 |  |  | 5.75 |  |  | 3.75 |  |  | 3.29 |  |  | 3.31 |
Rate of compensation increase | 3.87 |  |  | 4.00 |  |  | 4.00 |  |  | 3.44 |  |  | 2.90 |  |  | 2.69 |
Allocation of Pension Plan Assets | The allocation of pension plan assets as of October 31, 2023 and 2022 is as follows:
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
Asset Category |  |  |  |  |  |  |
Equity securities | 3 | % |  | 3 | % |  | — | % |  | — | %
Debt securities | 43 |  |  | 42 |  |  | — |  |  | — |
Insurance contracts | — |  |  | — |  |  | 31 |  |  | 47 |
Pooled investment funds | 53 |  |  | 54 |  |  | 67 |  |  | 51 |
Other | 1 |  |  | 1 |  |  | 2 |  |  | 2 |
Total | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Fair Values of Pension Plan Assets | The fair values of our pension plan assets at October 31, 2023 by asset category are in the table below:
| United States |  | International
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Cash | $ | 355 |  |  | $ | 355 |  |  | $ | — |  |  | $ | — |  |  | $ | 777 |  |  | $ | 777 |  |  | $ | — |  |  | $ | — |
Money market funds | 251 |  |  | 251 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic materials | 632 |  |  | 632 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer goods | 1,614 |  |  | 1,614 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Financial | 1,787 |  |  | 1,787 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Healthcare | 1,368 |  |  | 1,368 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Industrial goods | 1,403 |  |  | 1,403 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Technology | 1,732 |  |  | 1,732 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government | 42,269 |  |  | 753 |  |  | 41,516 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Corporate | 94,650 |  |  | — |  |  | 94,650 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other | 2,640 |  |  | — |  |  | 2,640 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other types of investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance contracts | — |  |  | — |  |  | — |  |  | — |  |  | 12,224 |  |  | — |  |  | — |  |  | 12,224 |
Other | 2,092 |  |  | 2,092 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total investments in the fair value hierarchy | $ | 150,793 |  |  | $ | 11,987 |  |  | $ | 138,806 |  |  | $ | — |  |  | $ | 13,001 |  |  | $ | 777 |  |  | $ | — |  |  | $ | 12,224 |
Investments measured at Net Asset Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate collective funds | 42,780 |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |
Pooled investment funds | 128,103 |  |  |  |  |  |  |  |  | 26,862 |  |  |  |  |  |  |
Total Investments at Fair Value | $ | 321,676 |  |  |  |  |  |  |  |  | $ | 39,863 |  |  |  |  |  |  |
The fair values of our pension plan assets at October 31, 2022 by asset category are in the table below:
| United States |  | International
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Cash | $ | 381 |  |  | $ | 381 |  |  | $ | — |  |  | $ | — |  |  | $ | 775 |  |  | $ | 775 |  |  | $ | — |  |  | $ | — |
Money market funds | 155 |  |  | 155 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic materials | 719 |  |  | 719 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer goods | 1,802 |  |  | 1,802 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Financial | 1,489 |  |  | 1,489 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Healthcare | 1,801 |  |  | 1,801 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Industrial goods | 1,713 |  |  | 1,713 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Technology | 1,569 |  |  | 1,569 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government | 29,252 |  |  | 328 |  |  | 28,924 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Corporate | 109,433 |  |  | — |  |  | 109,433 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other | 2,964 |  |  | — |  |  | 2,964 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other types of investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance contracts | — |  |  | — |  |  | — |  |  | — |  |  | 18,066 |  |  | — |  |  | — |  |  | 18,066 |
Other | 1,474 |  |  | 1,474 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total investments in the fair value hierarchy | $ | 152,752 |  |  | $ | 11,431 |  |  | $ | 141,321 |  |  | $ | — |  |  | $ | 18,841 |  |  | $ | 775 |  |  | $ | — |  |  | $ | 18,066 |
Investments measured at Net Asset Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate collective funds | 51,961 |  |  |  |  |  |  |  |  | — |  |  |  |  |  |
Pooled investment funds | 129,138 |  |  |  |  |  |  |  |  | 19,475 |  |  |  |  |  |  |
Total Investments at Fair Value | $ | 333,851 |  |  |  |  |  |  |  |  | $ | 38,316 |  |  |  |  |  |  |
Change in Level 3 Fair Value of Plan Assets | The following tables present an analysis of changes during the years ended October 31, 2023 and 2022 in Level 3 plan assets, by plan asset class, for U.S. and international pension plans using significant unobservable inputs to measure fair value:
| Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
| Insurance contracts |  |
Beginning balance at October 31, 2022 | $ | 18,066 |  |  |
Actual return on plan assets: |  |  |
Purchases | 1,320 |  |  |
Sales | (8,007) |  |  |
Settlements | (607) |  |  |
Unrealized losses | 266 |  |  |
Foreign currency translation | 1,186 |  |  |
Ending balance at October 31, 2023 | $ | 12,224 |  |  |
| Fair Value Measurements Using Significant Unobservable Inputs (Level 3) |  |  |  |  |  |  |  |
| Insurance contracts |  |  |  |  |  |  |  |  |  |
Beginning balance at October 31, 2021 | $ | 23,993 |  |  |  |  |  |  |  |  |  |  |
Actual return on plan assets: |  |  |  |  |  |  |  |  |  |  |
Purchases | 1,525 |  |  |  |  |  |  |  |  |  |  |
Sales | (1,519) |  |  |  |  |  |  |  |  |  |  |
Settlements | (1,446) |  |  |  |  |  |  |  |  |  |  |
Unrealized losses | (254) |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation | (4,233) |  |  |  |  |  |  |  |  |  |  |
Ending balance at October 31, 2022 | $ | 18,066 |  |  |  |  |  |  |  |  |  |  |
Retiree Pension Benefit Payments | Retiree pension benefit payments, which include expected future service, are anticipated to be paid as follows:
Year |  | United States |  | International
2024 |  | $ | 9,620 |  |  | $ | 2,716 |
2025 |  | 11,828 |  |  | 3,082 |
2026 |  | 12,922 |  |  | 4,930 |
2027 |  | 14,992 |  |  | 3,740 |
2028 |  | 17,055 |  |  | 3,533 |
2029-2033 |  | 112,222 |  |  | 19,527 |
Retirement Plans |
Reconciliation of the Benefit Obligations, Plan Assets, Accrued Benefit Cost and the Amount Recognized in Financial Statements for Pension Plans | A reconciliation of the benefit obligations, accrued benefit cost and the amount recognized in financial statements for other postretirement plans is as follows:
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
Change in benefit obligation: |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 59,851 |  |  | $ | 85,290 |  |  | $ | 183 |  |  | $ | 416 |
Service cost | 399 |  |  | 687 |  |  | 5 |  |  | 12 |
Interest cost | 3,063 |  |  | 1,923 |  |  | 11 |  |  | 12 |
Participant contributions | 614 |  |  | 687 |  |  | — |  |  | — |
Foreign currency exchange rate change | — |  |  | — |  |  | 10 |  |  | (37) |
Actuarial (gain) loss | (7,301) |  |  | (25,513) |  |  | 35 |  |  | (215) |
Benefits paid | (3,193) |  |  | (3,223) |  |  | (8) |  |  | (5) |
Benefit obligation at end of year | $ | 53,433 |  |  | $ | 59,851 |  |  | $ | 236 |  |  | $ | 183 |
Change in plan assets: |  |  |  |  |  |  |
Beginning fair value of plan assets | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Company contributions | 2,579 |  |  | 2,536 |  |  | 8 |  |  | 5 |
Participant contributions | 614 |  |  | 687 |  |  | — |  |  | — |
Benefits paid | (3,193) |  |  | (3,223) |  |  | (8) |  |  | (5) |
Ending fair value of plan assets | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Funded status at end of year | $ | (53,433) |  |  | $ | (59,851) |  |  | $ | (236) |  |  | $ | (183) |
Amounts recognized in financial statements: |  |  |  |  |  |  |
Accrued benefit liability | $ | (2,800) |  |  | $ | (3,224) |  |  | $ | (7) |  |  | $ | (6) |
Long-term postretirement obligations | (50,633) |  |  | (56,627) |  |  | (229) |  |  | (177) |
Total amount recognized in financial statements | $ | (53,433) |  |  | $ | (59,851) |  |  | $ | (236) |  |  | $ | (183) |
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
Amounts recognized in accumulated other comprehensive (gain) loss: |  |  |  |  |  |  |
Net actuarial (gain) loss | $ | (12,336) |  |  | $ | (5,035) |  |  | $ | (540) |  |  | $ | (661) |
Accumulated other comprehensive (gain) loss | $ | (12,336) |  |  | $ | (5,035) |  |  | $ | (540) |  |  | $ | (661) |
Summary of Accumulated Other Comprehensive Loss | The following table summarizes the changes in accumulated other comprehensive (gain) loss:
| United States |  | International
| 2023 |  | 2022 |  | 2023 |  | 2022
Balance at beginning of year | $ | (5,035) |  |  | $ | 21,456 |  |  | $ | (661) |  |  | $ | (543) |
Net (gain) loss arising during the year | (7,301) |  |  | (25,513) |  |  | 35 |  |  | (217) |
Net gain (loss) recognized during the year | — |  |  | (978) |  |  | 62 |  |  | 51 |
Exchange rate effect during the year | — |  |  | — |  |  | 24 |  |  | 48 |
Balance at end of year | $ | (12,336) |  |  | $ | (5,035) |  |  | $ | (540) |  |  | $ | (661) |
Components of Net Periodic Benefits Cost | Net postretirement benefit costs include the following components:
| United States |  | International
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Service cost | $ | 399 |  |  | $ | 687 |  |  | $ | 778 |  |  | $ | 5 |  |  | $ | 12 |  |  | $ | 15 |
Interest cost | 3,063 |  |  | 1,923 |  |  | 1,805 |  |  | 11 |  |  | 12 |  |  | 12 |
Amortization of prior service credit | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of net actuarial (gain) loss | — |  |  | 978 |  |  | 1,359 |  |  | (62) |  |  | (48) |  |  | (41) |
Total benefit cost (credit) | $ | 3,462 |  |  | $ | 3,588 |  |  | $ | 3,942 |  |  | $ | (46) |  |  | $ | (24) |  |  | $ | (14) |
Weighted Average Assumptions Representing the Rates Used to Develop the Actuarial Present Value of Projected Benefit Obligation and the Net Periodic Benefit Costs | The weighted average assumptions used in the valuation of postretirement benefits were as follows:
| United States |  | International
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Assumptions used to determine benefit obligations at October 31: |  |  |  |  |  |  |  |  |  |  |
Discount rate | 6.02 | % |  | 5.59 | % |  | 2.98 | % |  | 5.63 | % |  | 5.41 | % |  | 3.43 | %
Health care cost trend rate | 3.40 |  |  | 3.50 |  |  | 3.34 |  |  | 4.86 |  |  | 4.65 |  |  | 4.43 |
Rate to which health care cost trend rate is assumed to incline/decline (ultimate trend rate) | 3.16 |  |  | 3.19 |  |  | 3.15 |  |  | 4.05 |  |  | 4.05 |  |  | 4.05 |
Year the rate reaches the ultimate trend rate | 2032 |  | 2032 |  | 2031 |  | 2040 |  | 2040 |  | 2040
Assumption used to determine net benefit costs for the years ended October 31: |  |  |  |  |  |  |  |  |  |  |
Discount rate benefit obligation | 5.59 | % |  | 2.98 | % |  | 2.84 | % |  | 5.41 | % |  | 3.43 | % |  | 2.94 | %
Discount rate service cost | 6.00 |  |  | 3.55 |  |  | 3.44 |  |  | 5.41 |  |  | 3.48 |  |  | 3.00 |
Discount rate interest cost | 5.22 |  |  | 2.30 |  |  | 2.08 |  |  | 5.38 |  |  | 3.13 |  |  | 2.60 |
Retiree Pension Benefit Payments | Retiree postretirement benefit payments are anticipated to be paid as follows:
Year | United States |  | International
2024 | $ | 2,801 |  |  | $ | 7 |
2025 | 2,958 |  |  | 7 |
2026 | 3,125 |  |  | 7 |
2027 | 3,295 |  |  | 7 |
2028 | 3,416 |  |  | 7 |
2029-2034 | 18,791 |  |  | 58 |

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