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RETIREMENT AND DEFERRED COMPENSATION PLANS | 6 Months Ended
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Jun. 30, 2023
Retirement Benefits [Abstract] |
RETIREMENT AND DEFERRED COMPENSATION PLANS | RETIREMENT AND DEFERRED COMPENSATION PLANS Effective January 1, 2021, our domestic noncontributory retirement plans were closed to new employees and employees who were rehired after December 31, 2020. These employees are instead eligible for additional contribution to their defined contribution 401(k) employee savings plan. All domestic employees with hire/rehire dates prior to January 1, 2021 are still eligible for the domestic pension plans and continue to accrue plan benefits after this date. Components of Net Periodic Benefit Cost:
| Domestic Plans |  | Foreign Plans
Three Months Ended June 30, | 2023 |  | 2022 |  | 2023 |  | 2022
Service cost | $ | 2,410 |  |  | $ | 3,945 |  |  | $ | 1,487 |  |  | $ | 1,876 |
Interest cost | 2,157 |  |  | 1,743 |  |  | 917 |  |  | 342 |
Expected return on plan assets | (3,095) |  |  | (3,229) |  |  | (589) |  |  | (689) |
Amortization of net loss | — |  |  | 1,668 |  |  | 229 |  |  | 433 |
Amortization of prior service cost | — |  |  | — |  |  | 45 |  |  | 33 |
Net periodic benefit cost | $ | 1,472 |  |  | $ | 4,127 |  |  | $ | 2,089 |  |  | $ | 1,995 |
| Domestic Plans |  | Foreign Plans
Six Months Ended June 30, | 2023 |  | 2022 |  | 2023 |  | 2022
Service cost | $ | 4,819 |  |  | $ | 7,890 |  |  | $ | 2,957 |  |  | $ | 3,846 |
Interest cost | 4,315 |  |  | 3,485 |  |  | 1,820 |  |  | 715 |
Expected return on plan assets | (6,189) |  |  | (6,456) |  |  | (1,169) |  |  | (1,416) |
Amortization of net loss | — |  |  | 3,335 |  |  | 457 |  |  | 877 |
Amortization of prior service cost | — |  |  | — |  |  | 88 |  |  | 71 |
Net periodic benefit cost | $ | 2,945 |  |  | $ | 8,254 |  |  | $ | 4,153 |  |  | $ | 4,093 |
The components of net periodic benefit cost, other than the service cost component, are included in the line Miscellaneous, net in the Condensed Consolidated Statements of Income. Employer Contributions We currently have no minimum funding requirements for our domestic and foreign plans. There were no contributions to our domestic defined benefit plans during the six months ended June 30, 2023 and we do not expect significant payments during 2023. We contributed $0.7 million to our foreign defined benefit plans during the six months ended June 30, 2023 and do not expect additional significant contributions during 2023.

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