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Pension and Other Postretirement Employee Benefits (Tables)
9 Months Ended
Sep. 30, 2025
Retirement Benefits, Description [Abstract]  
Components of Net Periodic Cost (Benefit)

The following table details the components of net periodic cost (benefit) of our pension plans and other postretirement employee benefit plans (OPEB):

 

 

 

Three Months Ended September 30,

 

 

 

Pension

 

 

OPEB

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

1,266

 

 

$

1,321

 

 

$

15

 

 

$

22

 

Interest cost

 

 

3,230

 

 

 

3,124

 

 

 

252

 

 

 

220

 

Expected return on plan assets

 

 

(2,933

)

 

 

(3,237

)

 

 

 

 

 

 

Amortization of prior service cost

 

 

 

 

 

5

 

 

 

 

 

 

 

Amortization of actuarial (gain) loss

 

 

43

 

 

 

19

 

 

 

(241

)

 

 

(331

)

Total net periodic cost

 

$

1,606

 

 

$

1,232

 

 

$

26

 

 

$

(89

)

 

 

 

 

Nine Months Ended September 30,

 

 

 

Pension

 

 

OPEB

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

3,799

 

 

$

3,964

 

 

$

43

 

 

$

69

 

Interest cost

 

 

9,688

 

 

 

9,369

 

 

 

755

 

 

 

658

 

Expected return on plan assets

 

 

(8,798

)

 

 

(9,711

)

 

 

 

 

 

 

Amortization of prior service cost

 

 

 

 

 

15

 

 

 

 

 

 

 

Amortization of actuarial (gain) loss

 

 

129

 

 

 

59

 

 

 

(721

)

 

 

(992

)

Total net periodic cost

 

$

4,818

 

 

$

3,696

 

 

$

77

 

 

$

(265

)