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Pension and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Contributions for Pension and Other Postretirement Benefits

Contributions to the Corporation’s employee benefit plans were as follows:

 

 

Six Months Ended June 30,

 

 

 

2025

 

2024

 

U.S. defined benefit pension plans

 

$

1,680

 

$

3,170

 

U.S. nonqualified defined benefit pension plans (e.g. payments)

 

$

384

 

$

384

 

Foreign defined benefit pension plans

 

$

193

 

$

176

 

Other postretirement benefits (e.g., net payments)

 

$

181

 

$

182

 

U.K. defined contribution pension plan

 

$

139

 

$

134

 

U.S. defined contribution plan

 

$

1,565

 

$

1,814

 

Net Periodic Pension and Other Postretirement Benefit Costs

Net periodic pension and other postretirement benefit costs included the following components:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

U.S. Defined Benefit Pension Plans (a)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

2

 

 

$

10

 

 

$

9

 

 

$

20

 

Interest cost

 

 

2,223

 

 

 

2,328

 

 

 

4,472

 

 

 

4,657

 

Expected return on plan assets

 

 

(2,769

)

 

 

(3,401

)

 

 

(5,640

)

 

 

(6,802

)

Amortization of prior service cost

 

 

 

 

 

1

 

 

 

 

 

 

1

 

Amortization of actuarial (gain) loss

 

 

(55

)

 

 

46

 

 

 

87

 

 

 

91

 

Net benefit income

 

$

(599

)

 

$

(1,016

)

 

$

(1,072

)

 

$

(2,033

)

a) Includes the nonqualified defined benefit pension plans.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Foreign Defined Benefit Pension Plans

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

34

 

 

$

8

 

 

$

60

 

 

$

39

 

Interest cost

 

 

484

 

 

 

452

 

 

 

941

 

 

 

908

 

Expected return on plan assets

 

 

(556

)

 

 

(475

)

 

 

(1,081

)

 

 

(953

)

Amortization of prior service credit

 

 

(74

)

 

 

(70

)

 

 

(144

)

 

 

(141

)

Amortization of actuarial loss

 

 

208

 

 

 

181

 

 

 

405

 

 

 

361

 

Net benefit expense

 

$

96

 

 

$

96

 

 

$

181

 

 

$

214

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Other Postretirement Benefit Plans

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

27

 

 

$

41

 

 

$

69

 

 

$

84

 

Interest cost

 

 

86

 

 

 

83

 

 

 

176

 

 

 

181

 

Amortization of prior service credit

 

 

(256

)

 

 

(256

)

 

 

(512

)

 

 

(512

)

Amortization of actuarial gain

 

 

(81

)

 

 

(76

)

 

 

(159

)

 

 

(157

)

Net benefit income

 

$

(224

)

 

$

(208

)

 

$

(426

)

 

$

(404

)