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Pension and Other Postretirement Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2024
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 June 30,

 

 

 

Pension

 

 

OPEB

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

1,322

 

 

$

1,355

 

 

$

24

 

 

$

28

 

Interest cost

 

 

3,122

 

 

 

3,137

 

 

 

219

 

 

 

293

 

Expected return on plan assets

 

 

(3,237

)

 

 

(3,025

)

 

 

 

 

 

 

Amortization of prior service cost

 

 

5

 

 

 

11

 

 

 

 

 

 

 

Amortization of actuarial (gain) loss

 

 

20

 

 

 

(21

)

 

 

(330

)

 

 

(166

)

Total net periodic cost

 

$

1,232

 

 

$

1,457

 

 

$

(87

)

 

$

155

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

Pension

 

 

OPEB

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

2,643

 

 

$

2,711

 

 

$

47

 

 

$

55

 

Interest cost

 

 

6,245

 

 

 

6,275

 

 

 

438

 

 

 

587

 

Expected return on plan assets

 

 

(6,474

)

 

 

(6,053

)

 

 

 

 

 

 

Amortization of prior service cost

 

 

10

 

 

 

22

 

 

 

 

 

 

 

Amortization of actuarial (gain) loss

 

 

40

 

 

 

(42

)

 

 

(661

)

 

 

(332

)

Net periodic cost

 

$

2,464

 

 

$

2,913

 

 

$

(176

)

 

$

310