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Pension and Postretirement Benefits other than Pensions
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits other than Pensions Pensions and Postretirement Benefits Other Than Pensions
The components of net periodic benefit cost (income) for the Company’s defined benefit plans and other postretirement benefit plans were as follows:
 Pension Benefits
Three Months Ended June 30,
20252024
 U.S. Non-U.S. U.S. Non-U.S.
Service cost$— $621 $— $591 
Interest cost128 1,214 126 1,199 
Expected return on plan assets— (204)— (330)
Amortization of prior service cost and actuarial loss36 1 36 53 
Pension settlement charge— — 46,787 — 
Net periodic benefit cost$164 $1,632 $46,949 $1,513 
Pension Benefits
Six Months Ended June 30,
20252024
U.S.Non-U.S.U.S.Non-U.S.
Service cost$— $1,207 $— $1,189 
Interest cost256 2,356 1,945 2,411 
Expected return on plan assets— (401)(1,647)(666)
Amortization of prior service cost and actuarial loss70 4 591 106 
Pension settlement charge— — 46,787 — 
Net periodic benefit cost$326 $3,166 $47,676 $3,040 
Other Postretirement Benefits
Three Months Ended June 30,
20252024
U.S.Non-U.S.U.S.Non-U.S.
Service cost$5 $72 $6 $44 
Interest cost144 188 142 191 
Amortization of prior service credit and actuarial (gain) loss(644)3 (730)3 
Net periodic benefit (income) cost$(495)$263 $(582)$238 
Other Postretirement Benefits
Six Months Ended June 30,
20252024
U.S.Non-U.S.U.S.Non-U.S.
Service cost$10 $141 $12 $89 
Interest cost288 369 284 385 
Amortization of prior service credit and actuarial (gain) loss(1,288)6 (1,460)7 
Net periodic benefit (income) cost$(990)$516 $(1,164)$481 
The service cost component of net periodic benefit cost (income) is included in cost of products sold and selling, administrative and engineering expenses in the condensed consolidated statements of operations. All other components of net periodic benefit cost (income) are included in other (expense) income, net, in the condensed consolidated statements of operations for all periods presented.
The decrease in net periodic benefit cost for the U.S. defined benefit plan for the three and six months ended June 30, 2025, compared to the three and six months ended June 30, 2024, was primarily due to the April 2024 termination of the U.S. Pension Plan. As previously disclosed in the Company’s 2024 Annual Report, the Company further de-risked its retirement-related plans by transferring approximately $137,000 of pension benefit obligations and related plan assets to an insurance company. As a result of this transaction, the Company recognized a one-time, non-cash pension settlement charge of $46,787 ($48,190 net of tax) during the three and six months ended June 30, 2024. This charge primarily reflects the accelerated recognition of accumulated actuarial losses previously recorded in AOCI in the condensed consolidated balance sheets.