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Pension and Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost of Pension and Postretirement Benefit Plans

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