XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.2
Pension and Postretirement Benefits
6 Months Ended
Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]  
Pension and Postretirement Benefits

Note 18. Pension and Postretirement Benefits

The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended June 30, 2021 and 2020 consist of the following:

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

 

 

$

 

 

$

15

 

 

$

16

 

 

$

117

 

 

$

108

 

Interest cost

 

 

91

 

 

 

168

 

 

 

40

 

 

 

70

 

 

 

80

 

 

 

83

 

Expected return on plan assets

 

 

12

 

 

 

(34

)

 

 

 

 

 

 

 

 

(130

)

 

 

(129

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

(2

)

 

 

(37

)

 

 

 

 

 

 

Recognized net actuarial (gain) loss

 

 

159

 

 

 

130

 

 

 

42

 

 

 

(43

)

 

 

50

 

 

 

44

 

Net periodic benefit cost

 

$

262

 

 

$

264

 

 

$

95

 

 

$

6

 

 

$

117

 

 

$

106

 

 

 

The components of net periodic benefit cost of our pension and postretirement benefit plans for the six months ended June 30, 2021 and 2020 consist of the following:

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

 

 

$

 

 

$

28

 

 

$

31

 

 

$

230

 

 

$

218

 

Interest cost

 

 

205

 

 

 

328

 

 

 

95

 

 

 

158

 

 

 

156

 

 

 

167

 

Expected return on plan assets

 

 

(15

)

 

 

(35

)

 

 

 

 

 

 

 

 

(255

)

 

 

(260

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

(3

)

 

 

(73

)

 

 

 

 

 

 

Recognized net actuarial loss

 

 

310

 

 

 

265

 

 

 

98

 

 

 

39

 

 

 

99

 

 

 

90

 

Net periodic benefit cost

 

$

500

 

 

$

558

 

 

$

218

 

 

$

155

 

 

$

230

 

 

$

215

 

 

 

We expect to contribute $0.8 million to our funded pension plans, $0.9 million to our unfunded pension plans, and $0.9 million to our postretirement benefit plans in 2021. During the six months ended June 30, 2021, we contributed $0.5 million to our funded pension plans, $0.4 million to our unfunded pension plans, and $0.5 million to our postretirement benefit plans.