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v3.23.2

Retirement Plans | 6 Months Ended
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Jun. 30, 2023
Retirement Benefits [Abstract] |
Retirement Plans | NOTE 7 – Retirement Plans Pension Plans Net pension expense for our domestic and foreign plans included in other expense, net in the Condensed Consolidated Statements of Earnings is as follows:
|  | Three months ended |  |  | Six months ended |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net pension expense |  | $ | 66 |  |  | $ | 65 |  |  | $ | 133 |  |  | $ | 130 |
The components of net pension expense for our domestic and foreign plans include the following:
|  | Domestic Pension Plans |  |  | Foreign Pension Plans |
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Service cost |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | 6 |
Interest cost |  |  | 10 |  |  |  | 5 |  |  |  | 9 |  |  |  | 4 |
Expected return on plan assets(1) |  |  | — |  |  |  | — |  |  |  | (6 | ) |  |  | (3 | )
Amortization of loss |  |  | 5 |  |  |  | 8 |  |  |  | 43 |  |  |  | 45 |
Total expense, net |  | $ | 15 |  |  | $ | 13 |  |  | $ | 51 |  |  | $ | 52 |
(1) Expected return on plan assets is net of expected investment expenses and certain administrative expenses.
|  | Domestic Pension Plans |  |  | Foreign Pension Plans |
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Service cost |  | $ | — |  |  | $ | — |  |  | $ | 11 |  |  | $ | 12 |
Interest cost |  |  | 19 |  |  |  | 10 |  |  |  | 19 |  |  |  | 8 |
Expected return on plan assets(1) |  |  | — |  |  |  | — |  |  |  | (13 | ) |  |  | (6 | )
Amortization of loss |  |  | 11 |  |  |  | 16 |  |  |  | 86 |  |  |  | 90 |
Total expense, net |  | $ | 30 |  |  | $ | 26 |  |  | $ | 103 |  |  | $ | 104 |
(1) Expected return on plan assets is net of expected investment expenses and certain administrative expenses. Other Post-retirement Benefit Plan Net post-retirement expense for our other post-retirement plan includes the following components:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Service cost |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost |  |  | 48 |  |  |  | 26 |  |  |  | 96 |  |  |  | 52 |
Amortization of gain |  |  | (84 | ) |  |  | — |  |  |  | (168 | ) |  |  | — |
Total (income) expense, net |  | $ | (36 | ) |  | $ | 26 |  |  | $ | (72 | ) |  | $ | 52 |

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