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Pension and Postretirement Benefits
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits

NOTE 16. PENSION AND POSTRETIREMENT BENEFITS

The components of net periodic benefit cost (gain) of our pension and postretirement benefit plans consisted of the following:

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

—

 

 

$

—

 

 

$

5

 

 

$

7

 

 

$

—

 

 

$

51

 

Interest cost

 

 

63

 

 

 

206

 

 

 

108

 

 

 

78

 

 

 

75

 

 

 

77

 

Expected return on plan assets

 

 

—

 

 

 

(7

)

 

 

—

 

 

 

—

 

 

 

(53

)

 

 

(79

)

Amortization of prior service cost

 

 

—

 

 

 

(9

)

 

 

8

 

 

 

18

 

 

 

10

 

 

 

—

 

Recognized net actuarial loss (gain)

 

 

148

 

 

 

91

 

 

 

(40

)

 

 

(145

)

 

 

7

 

 

 

24

 

Net periodic benefit cost (gain)

 

$

211

 

 

$

281

 

 

$

81

 

 

$

(42

)

 

$

39

 

 

$

73

 

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

—

 

 

$

—

 

 

$

16

 

 

$

19

 

 

$

—

 

 

$

152

 

Interest cost

 

 

413

 

 

 

608

 

 

 

324

 

 

 

260

 

 

 

222

 

 

 

232

 

Expected return on plan assets

 

 

(130

)

 

 

(121

)

 

 

—

 

 

 

—

 

 

 

(155

)

 

 

(238

)

Amortization of prior service cost

 

 

(441

)

 

 

(29

)

 

 

25

 

 

 

56

 

 

 

31

 

 

 

—

 

Recognized net actuarial loss (gain)

 

 

6,181

 

 

 

249

 

 

 

(120

)

 

 

(221

)

 

 

19

 

 

 

71

 

Net periodic benefit cost

 

$

6,023

 

 

$

707

 

 

$

245

 

 

$

114

 

 

$

117

 

 

$

217

 

 

We expect to contribute $1.9 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 nine months ended September 30, 2025, we contributed $1.8 million to our funded pension plans, $1.3 million to our unfunded pension plans, and $0.5 million to our postretirement benefit plans. Additionally, during the nine months ended September 30, 2025, we completed the termination and settlement of the Giltspur, Inc. Employees’ Pension Plan, which resulted in a reclassification of previously recorded prior service cost and net actuarial loss within AOCL to other expense, net of approximately $5.4 million.