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Pensions and Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]  
Retirement Plan amounts recorded on consolidated balance sheets
The following table summarizes amounts recorded on the accompanying consolidated balance sheets associated with these various retirement benefit plans:

   
December 31,
 
   
2024
   
2023
 
 
           
Included in "Other assets":
           
Non-U.S. pension plans
 
$
1,216
   
$
3,929
 
Total included in other assets
 
$
1,216
   
$
3,929
 
Included in "Payroll and related expenses":
               
U.S. pension plans
 
$
(880
)
 
$
(1,474
)
Non-U.S. pension plans
   
(6,720
)
   
(7,149
)
U.S. other postretirement plans
   
(520
)
   
(510
)
Non-U.S. other postretirement plans
   
(799
)
   
(390
)
Total included in payroll and related expenses
 
$
(8,919
)
 
$
(9,523
)
Accrued pension and other postretirement costs:
               
U.S. pension plans
 
$
(27,758
)
 
$
(29,217
)
Non-U.S. pension plans
   
(125,719
)
   
(144,276
)
U.S. other postretirement plans
   
(3,418
)
   
(3,750
)
Non-U.S. other postretirement plans
   
(6,287
)
   
(7,173
)
Other retirement obligations
   
(10,518
)
   
(11,087
)
Total accrued pension and other postretirement costs
 
$
(173,700
)
 
$
(195,503
)
Accumulated other comprehensive loss:
               
U.S. pension plans
 
$
11
   
$
(522
)
Non-U.S. pension plans
   
18,861
     
24,891
 
U.S. other postretirement plans
   
(1,329
)
   
(1,527
)
Non-U.S. other postretirement plans
   
1,158
     
1,488
 
Total accumulated other comprehensive loss*
 
$
18,701
   
$
24,330
 
* - Amounts included in accumulated other comprehensive loss are presented in this table pre-tax
Defined Benefit Pension Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Reconciliation of benefit obligation, plan assets, and funded status
The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to U.S. and non-U.S. pension plans:

   
December 31, 2024
   
December 31, 2023
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Change in benefit obligation:
                       
Benefit obligation at beginning of year
 
$
30,691
   
$
210,783
   
$
37,221
   
$
203,541
 
Service cost
   
-
     
3,121
     
-
     
3,063
 
Interest cost
   
1,525
     
6,698
     
1,997
     
7,346
 
Plan amendments
   
-
     
44
     
-
     
(15
)
Actuarial (gains) losses
   
(425
)
   
1,719
     
(272
)
   
8,835
 
Benefits paid
   
(3,153
)
   
(14,508
)
   
(8,255
)
   
(17,160
)
Curtailments and settlements
   
-
     
(98
)
   
-
     
(27
)
Currency translation
   
-
     
(12,068
)
   
-
     
5,200
 
Benefit obligation at end of year
 
$
28,638
   
$
195,691
   
$
30,691
   
$
210,783
 
                                 
Change in plan assets:
                               
Fair value of plan assets at beginning of year
 
$
-
   
$
63,287
   
$
-
   
$
65,620
 
Actual return on plan assets
   
-
     
5,504
     
-
     
1,976
 
Company contributions
   
3,153
     
13,311
     
8,255
     
12,161
 
Benefits paid
   
(3,153
)
   
(14,509
)
   
(8,255
)
   
(17,160
)
Currency translation
   
-
     
(3,125
)
   
-
     
690
 
Fair value of plan assets at end of year
 
$
-
   
$
64,468
   
$
-
   
$
63,287
 
                                 
Funded status at end of year
 
$
(28,638
)
 
$
(131,223
)
 
$
(30,691
)
 
$
(147,496
)
Amounts recognized in consolidated balance sheet
Amounts recognized in the accompanying consolidated balance sheets consist of the following:

 
December 31, 2024
 
December 31, 2023
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Other assets
 
$
-
   
$
1,216
   
$
-
   
$
3,929
 
Accrued benefit liability - current
   
(880
)
   
(6,720
)
   
(1,474
)
   
(7,149
)
Accrued benefit liability - non-current
   
(27,758
)
   
(125,719
)
   
(29,217
)
   
(144,276
)
Accumulated other comprehensive loss
   
11
     
18,861
     
(522
)
   
24,891
 
 
 
$
(28,627
)
 
$
(112,362
)
 
$
(31,213
)
 
$
(122,605
)
Components of actuarial items
Actuarial items consist of the following:

 
December 31, 2024
 
December 31, 2023
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Unrecognized net actuarial (gain) loss
 
$
11
   
$
18,161
   
$
(588
)
 
$
24,094
 
Unamortized prior service cost
   
-
     
700
     
66
     
797
 
 
 
$
11
   
$
18,861
   
$
(522
)
 
$
24,891
 
Projected and accumulated benefit obligations
The following table sets forth additional information regarding the projected and accumulated benefit obligations:

   
December 31, 2024
   
December 31, 2023
 
   
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Accumulated benefit obligation, all plans
 
$
28,638
   
$
180,542
   
$
30,691
   
$
194,361
 
                                 
Plans for which the accumulated benefit obligation exceeds plan assets:
                               
Projected benefit obligation
 
$
28,638
   
$
129,686
   
$
30,691
   
$
146,898
 
Accumulated benefit obligation
   
28,638
     
128,182
     
30,691
     
144,213
 
Fair value of plan assets
   
-
     
-
     
-
     
3,032
 
Components of the net periodic benefit costs
The following table sets forth the components of net periodic pension cost:

 
Years ended December 31,
 
 
2024
 
2023
 
2022
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                         
Service cost
 
$
-
   
$
3,121
   
$
-
   
$
3,063
   
$
-
   
$
4,199
 
Interest cost
   
1,525
     
6,698
     
1,997
     
7,346
     
1,122
     
3,200
 
Expected return on plan assets
   
-
     
(2,347
)
   
-
     
(2,270
)
   
-
     
(1,725
)
Amortization of actuarial (gains) losses
   
(1,026
)
   
1,799
     
175
     
345
     
1,523
     
4,760
 
Amortization of prior service cost
   
66
     
597
     
144
     
195
     
144
     
216
 
Curtailment and settlement losses
   
-
     
290
     
-
     
546
     
-
     
1,190
 
Net periodic pension cost
 
$
565
   
$
10,158
   
$
2,316
   
$
9,225
   
$
2,789
   
$
11,840
 
Weighted average assumptions used
The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:

 
2024
   
2023
 
   
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
Discount rate
   
5.50
%
   
3.43
%
   
5.25
%
   
3.36
%
Rate of compensation increase
   
0.00
%
   
3.37
%
   
0.00
%
   
3.12
%

The following weighted average assumptions were used to determine the net periodic pension costs:

 
Years ended December 31,
 
 
 
2024
   
2023
 
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
Discount rate
   
5.25
%
   
3.36
%
   
5.50
%
   
3.57
%
Rate of compensation increase
   
0.00
%
   
3.12
%
   
0.00
%
   
2.60
%
Expected return on plan assets
   
0.00
%
   
3.41
%
   
0.00
%
   
4.11
%
Estimated future benefit payments
Estimated future benefit payments are as follows:

   
U.S.
Plans
   
Non-U.S.
Plans
 
             
2025
 
$
3,377
   
$
15,486
 
2026
   
1,985
     
16,191
 
2027
   
1,973
     
13,770
 
2028
   
8,343
     
14,012
 
2029
   
3,099
     
14,799
 
2030-2035
   
8,990
     
68,871
 
Other Postretirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Reconciliation of benefit obligation, plan assets, and funded status
The following table sets forth a reconciliation of the benefit obligation, plan assets, and accrued benefit cost related to U.S. and non-U.S. non-pension defined benefit postretirement plans:

   
December 31, 2024
   
December 31, 2023
 
   
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Change in benefit obligation:
                       
Benefit obligation at beginning of year
 
$
4,260
   
$
7,563
   
$
4,328
   
$
6,715
 
Service cost
   
21
     
241
     
21
     
221
 
Interest cost
   
210
     
245
     
225
     
251
 
Actuarial (gains) losses
   
(43
)
   
(169
)
   
183
     
801
 
Benefits paid
   
(510
)
   
(344
)
   
(497
)
   
(681
)
Currency translation
   
-
     
(450
)
   
-
     
256
 
Benefit obligation at end of year
 
$
3,938
   
$
7,086
   
$
4,260
   
$
7,563
 
                                 
Fair value of plan assets at end of year
 
$
-
   
$
-
   
$
-
   
$
-
 
                                 
Funded status at end of year
 
$
(3,938
)
 
$
(7,086
)
 
$
(4,260
)
 
$
(7,563
)
Amounts recognized in consolidated balance sheet
Amounts recognized in the accompanying consolidated balance sheets consist of the following:

 
December 31, 2024
 
December 31, 2023
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Accrued benefit liability - current
 
$
(520
)
 
$
(799
)
 
$
(510
)
 
$
(390
)
Accrued benefit liability - non-current
   
(3,418
)
   
(6,287
)
   
(3,750
)
   
(7,173
)
Accumulated other comprehensive (income) loss
   
(1,329
)
   
1,158
     
(1,527
)
   
1,488
 
 
 
$
(5,267
)
 
$
(5,928
)
 
$
(5,787
)
 
$
(6,075
)
Components of actuarial items
Actuarial items consist of the following:

 
December 31, 2024
 
December 31, 2023
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Unrecognized net actuarial loss (gain)
 
$
(1,329
)
 
$
1,158
   
$
(1,527
)
 
$
1,488
 
 
 
$
(1,329
)
 
$
1,158
   
$
(1,527
)
 
$
1,488
 
Components of the net periodic benefit costs
The following table sets forth the components of net periodic benefit cost:

 
Years ended December 31,
 
 
2024
 
2023
 
2022
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                         
Service cost
 
$
21
   
$
241
   
$
21
   
$
221
   
$
39
   
$
237
 
Interest cost
   
210
     
245
     
225
     
251
     
178
     
55
 
Amortization of actuarial (gains) losses
   
(240
)
   
82
     
(321
)
   
8
     
342
     
85
 
Curtailment and settlement losses
   
-
     
-
     
-
     
89
     
-
     
-
 
Net periodic benefit cost (benefit)
 
$
(9
)
 
$
568
   
$
(75
)
 
$
569
   
$
559
   
$
377
 
Weighted average assumptions used
The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:

 
2024
   
2023
 
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Discount rate
   
5.50
%
   
3.25
%
   
5.25
%
   
3.40
%
Rate of compensation increase
   
0.00
%
   
3.50
%
   
0.00
%
   
4.00
%

The following weighted average assumptions were used to determine the net periodic benefit costs:

 
 
Years ended December 31,
 
 
 
2024
   
2023
 
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Discount rate
   
5.25
%
   
3.40
%
   
5.50
%
   
3.86
%
Rate of compensation increase
   
0.00
%
   
4.00
%
   
0.00
%
   
4.19
%
Estimated future benefit payments
Estimated future benefit payments are as follows:

   
U.S.
Plans
   
Non-U.S.
Plans
 
             
2025
 
$
520
   
$
799
 
2026
   
491
     
188
 
2027
   
449
     
1,409
 
2028
   
434
     
623
 
2029
   
401
     
474
 
2030-2035
   
1,461
     
4,802