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

Note 9 – Pension and Other Postretirement Benefits

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

 

 

Nine Months Ended September 30,

 

 

 

2025

 

2024

 

U.S. defined benefit pension plans

 

$

2,488

 

$

4,641

 

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

 

$

574

 

$

576

 

Foreign defined benefit pension plans

 

$

323

 

$

327

 

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

 

$

259

 

$

273

 

U.K. defined contribution pension plan

 

$

207

 

$

200

 

U.S. defined contribution plan

 

$

2,220

 

$

2,457

 

 

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

U.S. Defined Benefit Pension Plans (a)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

5

 

 

$

2

 

 

$

14

 

 

$

22

 

Interest cost

 

 

2,236

 

 

 

2,331

 

 

 

6,708

 

 

 

6,988

 

Expected return on plan assets

 

 

(2,818

)

 

 

(3,443

)

 

 

(8,458

)

 

 

(10,245

)

Amortization of prior service cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Amortization of actuarial loss

 

 

44

 

 

 

45

 

 

 

131

 

 

 

136

 

Net benefit income

 

$

(533

)

 

$

(1,065

)

 

$

(1,605

)

 

$

(3,098

)

a) Includes the nonqualified defined benefit pension plans.

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Foreign Defined Benefit Pension Plans

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

36

 

 

$

63

 

 

$

96

 

 

$

102

 

Interest cost

 

 

484

 

 

 

467

 

 

 

1,425

 

 

 

1,375

 

Expected return on plan assets

 

 

(555

)

 

 

(490

)

 

 

(1,636

)

 

 

(1,443

)

Amortization of prior service credit

 

 

(74

)

 

 

(72

)

 

 

(218

)

 

 

(213

)

Amortization of actuarial loss

 

 

209

 

 

 

185

 

 

 

614

 

 

 

546

 

Net benefit expense

 

$

100

 

 

$

153

 

 

$

281

 

 

$

367

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Other Postretirement Benefit Plans

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

34

 

 

$

42

 

 

$

103

 

 

$

126

 

Interest cost

 

 

88

 

 

 

90

 

 

 

264

 

 

 

271

 

Amortization of prior service credit

 

 

(256

)

 

 

(256

)

 

 

(768

)

 

 

(768

)

Amortization of actuarial gain

 

 

(80

)

 

 

(79

)

 

 

(239

)

 

 

(236

)

Net benefit income

 

$

(214

)

 

$

(203

)

 

$

(640

)

 

$

(607

)