XML 26 R16.htm IDEA: XBRL DOCUMENT v3.26.1
Net Periodic Benefit Cost
3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
NET PERIODIC BENEFIT COST NET PERIODIC BENEFIT COST
Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended March 31:
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther U.S. Post-retirement BenefitsTotal
 20262025202620252026202520262025
Service cost, net$144 $233 $5,366 $4,495 $— $— $5,510 $4,728 
Interest cost on projected benefit obligations
1,063 1,201 4,493 3,551 5,557 4,758 
Expected return on plan assets
(1,451)(1,428)(12,376)(10,187)— — (13,827)(11,615)
Recognition of prior service cost— — (739)(959)(124)(19)(863)(978)
Recognition of actuarial losses/(gains)346 393 2,660 4,324 70 3,076 4,725 
Net periodic pension cost/(credit)$102 $399 $(596)$1,224 $(53)$(5)$(547)$1,618 
As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, the Company expects to make employer contributions of approximately $29.9 million to its non-U.S. pension plan during the year ended December 31, 2026. These estimates may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.