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Pension and Postretirement Benefits other than Pensions | 9 Months Ended
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Sep. 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 September 30,
| 2025 |  | 2024
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S.
Service cost | $ | — |  |  | $ | 640 |  |  | $ | — |  |  | $ | 585 |
Interest cost | 128 |  |  | 1,244 |  |  | 126 |  |  | 1,202 |
Expected return on plan assets | — |  |  | (205) |  |  | — |  |  | (332) |
Amortization of prior service cost and actuarial loss | 35 |  |  | 2 |  |  | 36 |  |  | 53 |
Pension settlement credit | — |  |  | — |  |  | (2,216) |  |  | — |
Net periodic benefit cost (income) | $ | 163 |  |  | $ | 1,681 |  |  | $ | (2,054) |  |  | $ | 1,508 |
| Pension Benefits
| Nine Months Ended September 30,
| 2025 |  | 2024
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S.
Service cost | $ | — |  |  | $ | 1,847 |  |  | $ | — |  |  | $ | 1,774 |
Interest cost | 384 |  |  | 3,600 |  |  | 2,071 |  |  | 3,613 |
Expected return on plan assets | — |  |  | (606) |  |  | (1,647) |  |  | (998) |
Amortization of prior service cost and actuarial loss | 105 |  |  | 6 |  |  | 627 |  |  | 159 |
Pension settlement charge | — |  |  | — |  |  | 44,571 |  |  | — |
Net periodic benefit cost | $ | 489 |  |  | $ | 4,847 |  |  | $ | 45,622 |  |  | $ | 4,548 |
| Other Postretirement Benefits
| Three Months Ended September 30,
| 2025 |  | 2024
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S.
Service cost | $ | 5 |  |  | $ | 72 |  |  | $ | 6 |  |  | $ | 45 |
Interest cost | 144 |  |  | 189 |  |  | 142 |  |  | 192 |
Amortization of prior service credit and actuarial (gain) loss | (644) |  |  | 3 |  |  | (730) |  |  | 3 |
Net periodic benefit (income) cost | $ | (495) |  |  | $ | 264 |  |  | $ | (582) |  |  | $ | 240 |
| Other Postretirement Benefits
| Nine Months Ended September 30,
| 2025 |  | 2024
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S.
Service cost | $ | 15 |  |  | $ | 213 |  |  | $ | 18 |  |  | $ | 134 |
Interest cost | 432 |  |  | 558 |  |  | 426 |  |  | 577 |
Amortization of prior service credit and actuarial (gain) loss | (1,932) |  |  | 9 |  |  | (2,190) |  |  | 10 |
Net periodic benefit (income) cost | $ | (1,485) |  |  | $ | 780 |  |  | $ | (1,746) |  |  | $ | 721 |
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 nine months ended September 30, 2025 compared to the nine months ended September 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 $44,571 ($45,974 net of tax) during the nine months ended September 30, 2024. This charge primarily reflects the accelerated recognition of accumulated actuarial losses previously recorded in AOCI in the condensed consolidated balance sheets.

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