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Pension and Other Postretirement Plans (Tables)
3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs

The following table presents the components of net periodic benefit costs recognized.

 

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands)

 

2025

 

 

2024

 

Pension Benefits

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

 

$

651

 

 

$

759

 

Interest cost

 

 

4,256

 

 

 

4,244

 

Expected return on assets

 

 

(7,261

)

 

 

(7,151

)

Amortization of:

 

 

 

 

 

 

Actuarial loss

 

 

48

 

 

 

116

 

Net periodic benefit (credit) cost

 

$

(2,306

)

 

$

(2,032

)

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

 

$

183

 

 

$

211

 

Interest cost

 

 

760

 

 

 

797

 

Expected return on assets

 

 

(724

)

 

 

(691

)

Amortization of:

 

 

 

 

 

 

Transition obligation

 

 

1

 

 

 

1

 

Prior service credit

 

 

 

 

 

(4

)

Actuarial gain

 

 

(148

)

 

 

(77

)

Net periodic benefit cost

 

$

72

 

 

$

237