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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits, Description [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]
The net pension and net postretirement benefit costs consisted of the following:
Pension Benefits
(In thousands)202420232022
Service cost$16,460 $16,224 $23,217 
Interest cost33,344 34,085 20,923 
Expected return on plan assets(65,932)(63,013)(54,855)
Amortization of prior service cost(5)(106)(318)
Recognized net actuarial loss848 139 17,198 
Cost of settlements/curtailments787 — 4,499 
Net periodic benefit cost$(14,498)$(12,671)$10,664 
ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
The following table outlines the Corporation's consolidated disclosure of the pension benefits information described previously. The Corporation had no foreign postretirement plans. All plans were valued using a December 31, 2024 measurement date.
Pension Benefits
(In thousands)20242023
Change in benefit obligation:
Beginning of year$753,370 $733,434 
Service cost16,460 16,224 
Interest cost33,344 34,085 
Plan participants’ contributions1,228 1,200 
Actuarial (gain) loss(40,169)17,312 
Settlements(3,463)— 
Benefits paid(42,155)(52,228)
Actual expenses(1,834)(1,997)
Currency translation adjustments(3,816)5,340 
End of year$712,965 $753,370 
Change in plan assets:
Beginning of year$963,364 $912,702 
Actual return on plan assets40,255 93,488 
Employer contribution2,896 4,601 
Plan participants’ contributions1,228 1,200 
Benefits paid(42,155)(52,228)
Actual expenses(1,834)(1,997)
Settlements(3,463)— 
Currency translation adjustments(3,407)5,598 
End of year$956,884 $963,364 
Funded status$243,919 $209,994 
Pension Benefits
(In thousands)20242023
Amounts recognized on the balance sheet
Noncurrent assets$299,130 $261,869 
Current liabilities(3,839)(3,280)
Noncurrent liabilities(51,372)(48,595)
Total$243,919 $209,994 
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss $104,770 $121,557 
Prior service cost(148)(163)
Total$104,622 $121,394 
Information for plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation$78,067 $77,189 
Accumulated benefit obligation67,462 68,257 
Fair value of plan assets22,855 25,314 
ScheduleOfAssumptionsUsedTableTextBlock
Plan Assumptions
Pension Benefits
20242023
Weighted-average assumptions in determination of benefit obligation:
Discount rate5.38 %4.71 %
Rate of compensation increase3.32 %3.33 %
Weighted-average assumptions in determination of net periodic benefit cost:
Discount rate4.71 %4.95 %
Expected return on plan assets6.58 %6.41 %
Rate of compensation increase3.33 %3.34 %
ScheduleOfAllocationOfPlanAssetsTableTextBlock Below are the Corporation’s actual and current target allocations for the CW Pension Plan, representing 91% of consolidated assets:
As of December 31,TargetExpected
20242023ExposureRange
Asset class
Domestic equities22%29%22%
17%-27%
International equities7%10%8%
4%-11%
Total equity29%39%30%
20%-40%
Fixed income71%61%70%
60%-80%
ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
The following table presents consolidated plan assets (in thousands) using the fair value hierarchy as of December 31, 2024 and December 31, 2023.
Asset CategoryTotalQuoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents$16,105 $16,105 $— $— 
Equity securities (1)
358,082 341,575 16,507 — 
Fixed Income (2)
578,797 9,316 569,481 — 
Other (3)
10,380 3,672 — 6,708 
December 31, 2023$963,364 $370,668 $585,988 $6,708 
Cash and cash equivalents$22,742 $22,742 $— $— 
Equity securities (1)
275,109 258,246 16,863 — 
Fixed Income (2)
650,832 8,245 642,587 — 
Other (3)
8,201 2,588 — 5,613 
December 31, 2024$956,884 $291,821 $659,450 $5,613 

(1)This category consists of domestic and international equity securities. It is comprised of individual U.S. securities and exchange-traded funds benchmarked against the S&P 500 index and Russell Mid Cap and Russell 2000 indices, international securities and exchange-traded funds benchmarked against the MSCI EAFE and EM indices, global equity index mutual funds associated with our U.K. based pension plans, and a balanced fund associated with the Canadian based pension plan.

(2)This category consists of domestic and international bonds. The domestic fixed income securities consist of a portfolio of investment grade corporate debt, below investment-grade issues, fixed income exchange traded funds, and U.S. Treasury securities of intermediate and long-term duration for liability matching fixed income. International bonds consist of bond mutual funds for institutional investors associated with the Switzerland and U.K. based pension plans.

(3)This category consists of a domestic real estate exchange-traded fund and real estate investment trusts in Switzerland.
ScheduleOfExpectedBenefitPaymentsTableTextBlock
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the plans:
(In thousands)Pension
Plans
2025$52,816 
202655,702 
202756,746 
202859,353 
202959,750 
2030 - 2034280,785