XML 34 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Pension and Postretirement Benefits
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [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 September 30, 2024 and 2023 consist of the following:

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

—

 

 

$

—

 

 

$

7

 

 

$

4

 

 

$

51

 

 

$

44

 

Interest cost

 

 

206

 

 

 

212

 

 

 

78

 

 

 

74

 

 

 

84

 

 

 

94

 

Expected return on plan assets

 

 

(7

)

 

 

(15

)

 

 

—

 

 

 

—

 

 

 

(83

)

 

 

(87

)

Amortization of prior service credit

 

 

(9

)

 

 

(13

)

 

 

18

 

 

 

27

 

 

 

—

 

 

 

—

 

Recognized net actuarial loss (gain)

 

 

91

 

 

 

77

 

 

 

(145

)

 

 

(62

)

 

 

32

 

 

 

35

 

Net periodic benefit cost

 

$

281

 

 

$

261

 

 

$

(42

)

 

$

43

 

 

$

84

 

 

$

86

 

Settlement cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total expenses

 

$

281

 

 

$

261

 

 

$

(42

)

 

$

43

 

 

$

84

 

 

$

86

 

 

The components of net periodic benefit cost of our pension and postretirement benefit plans for the nine months ended September 30, 2024 and 2023 consist of the following:

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

—

 

 

$

—

 

 

$

19

 

 

$

16

 

 

$

152

 

 

$

132

 

Interest cost

 

 

608

 

 

 

634

 

 

 

260

 

 

 

260

 

 

 

254

 

 

 

277

 

Expected return on plan assets

 

 

(121

)

 

 

(95

)

 

 

—

 

 

 

—

 

 

 

(250

)

 

 

(259

)

Amortization of prior service credit

 

 

(29

)

 

 

(29

)

 

 

56

 

 

 

85

 

 

 

—

 

 

 

—

 

Recognized net actuarial loss (gain)

 

 

249

 

 

 

219

 

 

 

(221

)

 

 

(150

)

 

 

95

 

 

 

102

 

Net periodic benefit cost

 

$

707

 

 

$

729

 

 

$

114

 

 

$

211

 

 

$

251

 

 

$

252

 

Settlement cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total expenses

 

$

707

 

 

$

729

 

 

$

114

 

 

$

211

 

 

$

251

 

 

$

252

 

 

We expect to contribute $0.8 million to our funded pension plans, $0.8 million to our unfunded pension plans, and $0.7 million to our postretirement benefit plans in 2024. During the nine months ended September 30, 2024, we contributed $0.6 million to our funded pension plans, $0.6 million to our unfunded pension plans, and $0.4 million to our postretirement benefit plans.