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Pension and Other Postretirement Employee Benefits (Tables)
3 Months Ended
Mar. 31, 2022
Retirement Benefits, Description [Abstract]  
Components of Net Periodic Cost (Benefit)

The following table details the components of net periodic cost (benefit) of our pension plans and other postretirement employee benefits (OPEB):

 

 

Three Months Ended March 31,

 

 

 

Pension

 

 

OPEB

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

1,849

 

 

$

2,045

 

 

$

79

 

 

$

168

 

Interest cost

 

 

2,812

 

 

 

2,633

 

 

 

229

 

 

 

317

 

Expected return on plan assets

 

 

(3,145

)

 

 

(3,382

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

18

 

 

 

21

 

 

 

156

 

 

 

(298

)

Amortization of actuarial loss (gain)

 

 

1,954

 

 

 

3,578

 

 

 

(95

)

 

 

545

 

Net periodic cost before pension settlement charge

 

 

3,488

 

 

 

4,895

 

 

 

369

 

 

 

732

 

Pension settlement charge

 

 

14,165

 

 

 

 

 

 

 

 

 

 

Total net periodic cost

 

$

17,653

 

 

$

4,895

 

 

$

369

 

 

$

732