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Retirement Benefits (Tables)
6 Months Ended
Mar. 31, 2024
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amount of Expense Associated with Defined Contribution Plans

The amount of expense associated with defined contribution plans was as follows:

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Company costs

 

$

12,902

 

 

$

11,838

 

 

$

24,077

 

 

$

21,940

 

Schedule of Estimated Remaining Cash Contributions Woodward estimates its remaining cash contributions in fiscal year 2024 will be as follows:

Retirement pension benefits:

 

 

 

United States

 

$

 

United Kingdom

 

 

558

 

Japan

 

 

 

Germany

 

 

493

 

Other postretirement benefits

 

 

1,851

 

Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic retirement pension costs recognized are as follows:

 

 

Three Months Ended March 31,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

194

 

 

$

224

 

 

$

312

 

 

$

332

 

 

$

506

 

 

$

556

 

Interest cost

 

 

1,900

 

 

 

1,825

 

 

 

803

 

 

 

778

 

 

 

2,703

 

 

 

2,603

 

Expected return on plan assets

 

 

(2,271

)

 

 

(2,075

)

 

 

(602

)

 

 

(573

)

 

 

(2,873

)

 

 

(2,648

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss (gain)

 

 

56

 

 

 

73

 

 

 

(171

)

 

 

(153

)

 

 

(115

)

 

 

(80

)

Prior service cost

 

 

175

 

 

 

175

 

 

 

5

 

 

 

6

 

 

 

180

 

 

 

181

 

Net periodic retirement pension cost

 

$

54

 

 

$

222

 

 

$

347

 

 

$

390

 

 

$

401

 

 

$

612

 

Contributions paid

 

$

 

 

$

 

 

$

746

 

 

$

736

 

 

$

746

 

 

$

736

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended March 31,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

388

 

 

$

447

 

 

$

621

 

 

$

652

 

 

$

1,009

 

 

$

1,099

 

Interest cost

 

 

3,799

 

 

 

3,649

 

 

 

1,596

 

 

 

1,528

 

 

 

5,395

 

 

 

5,177

 

Expected return on plan assets

 

 

(4,542

)

 

 

(4,149

)

 

 

(1,194

)

 

 

(1,124

)

 

 

(5,736

)

 

 

(5,273

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss (gain)

 

 

113

 

 

 

146

 

 

 

(339

)

 

 

(301

)

 

 

(226

)

 

 

(155

)

Prior service cost

 

 

349

 

 

 

349

 

 

 

11

 

 

 

11

 

 

 

360

 

 

 

360

 

Net periodic retirement pension cost

 

$

107

 

 

$

442

 

 

$

695

 

 

$

766

 

 

$

802

 

 

$

1,208

 

Contributions paid

 

$

 

 

$

 

 

$

1,339

 

 

$

1,298

 

 

$

1,339

 

 

$

1,298

 

Other Postretirement Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic other postretirement benefit costs recognized are as follows:

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Interest cost

 

$

225

 

 

$

226

 

 

$

451

 

 

$

452

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial gain

 

 

(139

)

 

 

(124

)

 

 

(278

)

 

 

(248

)

Net periodic other postretirement cost

 

$

86

 

 

$

102

 

 

$

173

 

 

$

204

 

Contributions paid

 

$

413

 

 

$

444

 

 

$

825

 

 

$

885