XML 68 R49.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Pensions and Other Post-retirement Benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Retirement Benefits [Abstract] |
Schedule of Defined Benefit Pension Plans and Other Postretirement Benefits Plan | Defined benefit pension plan and other post-retirement benefits plan information is provided in the following tables:
| Pension Benefits |  | Other Benefits
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Change in Benefit Obligations |  |  |  |  |  |  |
Benefit obligations at January 1 | $ | 521,474 |  |  | $ | 490,365 |  |  | $ | 21,386 |  |  | $ | 22,538 |
Service cost | 9,214 |  |  | 7,587 |  |  | 176 |  |  | 214 |
Interest cost | 23,307 |  |  | 23,775 |  |  | 994 |  |  | 1,090 |
Participant contributions | 232 |  |  | 347 |  |  | 285 |  |  | 276 |
Plan amendments | (20) |  |  | (194) |  |  | — |  |  | — |
Actuarial (losses) gains(a) | (27,259) |  |  | 23,750 |  |  | 1,696 |  |  | (326) |
Benefits paid | (28,159) |  |  | (26,140) |  |  | (2,491) |  |  | (2,406) |
Curtailments | — |  |  | (87) |  |  | — |  |  | — |
Settlements | (17,576) |  |  | (1,574) |  |  | — |  |  | — |
Currency translation | (6,729) |  |  | 3,645 |  |  | — |  |  | — |
Benefit obligations at December 31 | $ | 474,484 |  |  | $ | 521,474 |  |  | $ | 22,046 |  |  | $ | 21,386 |
Change in Plan Assets |  |  |  |  |  |  |
Fair value of plan assets at January 1 | $ | 563,449 |  |  | $ | 514,218 |  |  | $ | — |  |  | $ | — |
Actual return on plan assets | 55,610 |  |  | 70,640 |  |  | — |  |  | — |
Employer contributions | 7,877 |  |  | 5,217 |  |  | 2,206 |  |  | 2,130 |
Participant contributions | 232 |  |  | 347 |  |  | 285 |  |  | 276 |
Settlements | (17,576) |  |  | (1,574) |  |  | — |  |  | — |
Benefits paid | (28,159) |  |  | (26,140) |  |  | (2,491) |  |  | (2,406) |
Administrative expenses paid | (62) |  |  | (57) |  |  | — |  |  | — |
Currency translation | (1,007) |  |  | 798 |  |  | — |  |  | — |
Fair value of plan assets at December 31 | $ | 580,364 |  |  | $ | 563,449 |  |  | $ | — |  |  | $ | — |
Funded Status |  |  |  |  |  |  |
Funded status at December 31 | $ | 105,880 |  |  | $ | 41,975 |  |  | $ | (22,046) |  |  | $ | (21,386) |
Unrecognized prior service credit (cost) | 728 |  |  | 1,021 |  |  | — |  |  | (184) |
Unrecognized net actuarial losses | 40,339 |  |  | 82,796 |  |  | 6,804 |  |  | 5,568 |
Net amount recognized | $ | 146,947 |  |  | $ | 125,792 |  |  | $ | (15,242) |  |  | $ | (16,002) |
Amounts Recognized in the Balance Sheets |  |  |  |  |  |  |
Noncurrent assets | $ | 224,638 |  |  | $ | 172,161 |  |  | $ | — |  |  | $ | — |
Current liabilities | (7,474) |  |  | (8,427) |  |  | (2,145) |  |  | (2,167) |
Noncurrent liabilities | (111,284) |  |  | (121,759) |  |  | (19,901) |  |  | (19,219) |
Net amount recognized | $ | 105,880 |  |  | $ | 41,975 |  |  | $ | (22,046) |  |  | $ | (21,386) |
Amounts Recognized in Accumulated Other Comprehensive Loss |  |  |  |  |  |  |
Net actuarial losses | $ | 40,339 |  |  | $ | 82,796 |  |  | $ | 6,804 |  |  | $ | 5,568 |
Prior service cost (credit) | 728 |  |  | 1,021 |  |  | — |  |  | (184) |
Total (before tax effects) | $ | 41,067 |  |  | $ | 83,817 |  |  | $ | 6,804 |  |  | $ | 5,384 |
Accumulated Benefit Obligations for all Defined Benefit Plans | $ | 442,734 |  |  | $ | 487,167 |  |  | $ | — |  |  | $ | — |
(a)Actuarial (losses) gains for both periods relate primarily to the increase/decrease in discount rates used in measuring plan obligations as of December 31, 2024, and 2023, respectively.
Components of Net Periodic Benefit (Credit) Cost |
| Pension Benefits |  | Other Benefits
(In thousands) | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Components of Net Periodic Benefit (Income) Cost |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 9,214 |  |  | $ | 7,587 |  |  | $ | 12,281 |  |  | $ | 176 |  |  | $ | 214 |  |  | $ | 327 |
Interest cost | 23,307 |  |  | 23,775 |  |  | 14,377 |  |  | 994 |  |  | 1,090 |  |  | 590 |
Expected return on plan assets | (42,832) |  |  | (39,639) |  |  | (49,646) |  |  | — |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 142 |  |  | 161 |  |  | 139 |  |  | (184) |  |  | (245) |  |  | (338) |
Recognized net actuarial losses | 1,103 |  |  | 186 |  |  | 11,704 |  |  | 460 |  |  | 550 |  |  | 1,242 |
Settlement/curtailment loss (gain) | 919 |  |  | 15 |  |  | (354) |  |  | — |  |  | — |  |  | — |
Net periodic benefit (income) cost(a) | $ | (8,147) |  |  | $ | (7,915) |  |  | $ | (11,499) |  |  | $ | 1,446 |  |  | $ | 1,609 |  |  | $ | 1,821 |
(a) Components of net periodic benefit (income) cost other than service cost are included in the line item Other income, net, and service costs are included in the line items Cost of products sold and Selling, general and administrative in the Consolidated Statements of Income.
Schedule of Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets | Information for pension plans with an accumulated benefit obligation in excess of plan assets:
| Pension Benefits
(In thousands) | 2024 |  | 2023
Aggregate accumulated benefit obligations (ABO) | $ | 117,299 |  |  | $ | 129,921 |
Aggregate fair value of plan assets | 3,334 |  |  | 5,622 |
Schedule of Pension Plans with Projected Benefit Obligation in Excess of Plan Assets | Information for pension plans with a projected benefit obligation in excess of plan assets:
| Pension Benefits
(In thousands) | 2024 |  | 2023
Aggregate projected benefit obligations (PBO) | $ | 122,092 |  |  | $ | 135,809 |
Aggregate fair value of plan assets | 3,334 |  |  | 5,622 |
Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost |
| Pension Benefits |  | Other Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023
Assumptions used to determine benefit obligations |  |  |  |  |  |  |
Average discount rate | 5.35 | % |  | 4.75 | % |  | 5.49 | % |  | 4.88 | %
Rate of compensation increase | 2.96 | % |  | 3.78 | % |  | 3.00 | % |  | 3.00 | %
Assumptions used to determine net periodic benefit cost |  |  |  |  |  |  |
Average discount rate - Service cost | 5.02 | % |  | 5.23 | % |  | 4.96 | % |  | 5.15 | %
Average discount rate - Interest cost | 4.64 | % |  | 4.91 | % |  | 4.85 | % |  | 5.09 | %
Expected return on plan assets | 7.23 | % |  | 6.86 | % |  | — |  |  | — |
Rate of compensation increase | 3.78 | % |  | 4.61 | % |  | 3.00 | % |  | 3.00 | %
Schedule of Expected Return on Assets for Net Periodic Pension Cost |
| Pension Plan Assets at December 31,
| 2024 |  | 2023
Equity securities | 65 | % |  | 58 | %
Fixed income securities | 26 |  |  | 30 |
Pooled investment funds | 7 |  |  | 9 |
Cash and cash equivalents | 1 |  |  | 2 |
Insurance contracts | 1 |  |  | 1 |
Total | 100 | % |  | 100 | %
Summary of Pension Plan Assets Measured at Fair Value on a Recurring Basis by Fair Value Hierarchy | The fair values of the Company's pension plan assets at December 31, 2024, were as follows:
|  |  |  |  | Fair Value
(In thousands) | Total |  | NAV |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Equity securities | $ | 375,001 |  |  | $ | 56,803 |  |  | $ | 318,198 |  |  | $ | — |  |  | $ | — |
Fixed income securities | 152,258 |  |  | — |  |  | 97,013 |  |  | 55,245 |  |  | — |
Pooled investment funds | 42,182 |  |  | 42,182 |  |  | — |  |  | — |  |  | — |
Cash and cash equivalents | 7,589 |  |  | 5,908 |  |  | 1,681 |  |  | — |  |  | — |
Insurance contracts | 3,334 |  |  | — |  |  | — |  |  | — |  |  | 3,334 |
Total | $ | 580,364 |  |  | $ | 104,893 |  |  | $ | 416,892 |  |  | $ | 55,245 |  |  | $ | 3,334 |
The fair values of the Company's pension plan assets at December 31, 2023, were as follows:
|  |  |  |  | Fair Value
(In thousands) | Total |  | NAV |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Equity securities | $ | 327,699 |  |  | $ | 45,441 |  |  | $ | 282,258 |  |  | $ | — |  |  | $ | — |
Fixed income securities | 169,321 |  |  | — |  |  | 94,706 |  |  | 74,615 |  |  | — |
Pooled investment funds | 50,553 |  |  | 50,553 |  |  | — |  |  | — |  |  | — |
Cash and cash equivalents | 10,254 |  |  | 8,645 |  |  | 1,609 |  |  | — |  |  | — |
Insurance contracts | 5,622 |  |  | — |  |  | — |  |  | — |  |  | 5,622 |
Total | $ | 563,449 |  |  | $ | 104,639 |  |  | $ | 378,573 |  |  | $ | 74,615 |  |  | $ | 5,622 |
Schedule of Reconciliation of Level 3 Assets | The following table presents a reconciliation of Level 3 assets:
(In thousands) | Insurance Contracts |  |
Balance January 1, 2023 | $ | 4,454 |  |  |
Net realized and unrealized gains | 208 |  |  |
Net purchases, issuances and settlements | 960 |  |  |
Balance December 31, 2023 | 5,622 |  |  |
Net realized and unrealized gains | (117) |  |  |
Net purchases, issuances and settlements | (2,171) |  |  |
Balance December 31, 2024 | $ | 3,334 |  |  |
Schedule of Level 3 Assets Recognized in Accumulated Other Comprehensive Loss | The following table presents amounts related to Level 3 assets recognized in accumulated other comprehensive loss:
(In thousands) | Insurance Contracts
Net actuarial losses | $ | (698) |
Prior service cost | 310 |
Total (before tax effects) | $ | (388) |

X
- Definition Level 3 Assets Recognized in Accumulated Other Comprehensive Loss + References No definition available. + Details
Name: | msa_Level3AssetsRecognizedInAccumulatedOtherComprehensiveLossTableTextBlock
Namespace Prefix: | msa_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Expected Return On Assets For Net Periodic Pension Cost [Table Text Block] + References No definition available. + Details
Name: | msa_ScheduleOfExpectedReturnOnAssetsForNetPeriodicPensionCostTableTextBlock
Namespace Prefix: | msa_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-2 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration