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Pension and Postretirement Benefits
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and 2024 consist of the following:

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

—

 

 

$

—

 

 

$

5

 

 

$

6

 

 

$

—

 

 

$

51

 

Interest cost

 

 

208

 

 

 

201

 

 

 

109

 

 

 

91

 

 

 

72

 

 

 

78

 

Expected return on plan assets

 

 

(63

)

 

 

(57

)

 

 

—

 

 

 

—

 

 

 

(50

)

 

 

(80

)

Amortization of prior service credit

 

 

(10

)

 

 

(10

)

 

 

8

 

 

 

19

 

 

 

10

 

 

 

—

 

Recognized net actuarial loss (gain)

 

 

63

 

 

 

79

 

 

 

(24

)

 

 

(38

)

 

 

7

 

 

 

24

 

Net periodic benefit cost

 

$

198

 

 

$

213

 

 

$

98

 

 

$

78

 

 

$

39

 

 

$

73

 

We expect to contribute $2.0 million to our funded pension plans, $1.4 million to our unfunded pension plans, and $0.8 million to our postretirement benefit plans in 2025. During the three months ended March 31, 2025, we contributed $0.1 million to our funded pension plans, $0.2 million to our unfunded pension plans, and $0.2 million to our postretirement benefit plans.