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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)
12 Months Ended
Dec. 31, 2025
Retirement Benefits, Description [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]
The net pension benefit costs consisted of the following:
Pension Benefits
(In thousands)202520242023
Service cost$14,956 $16,460 $16,224 
Interest cost34,913 33,344 34,085 
Expected return on plan assets(70,610)(65,932)(63,013)
Amortization of prior service cost60 (5)(106)
Recognized net actuarial loss2,122 848 139 
Cost of settlements/curtailments1,589 787 — 
Net periodic benefit cost$(16,970)$(14,498)$(12,671)
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, 2025 measurement date.
Pension Benefits
(In thousands)20252024
Change in benefit obligation:
Beginning of year$712,965 $753,370 
Service cost14,956 16,460 
Interest cost34,913 33,344 
Plan participants’ contributions1,240 1,228 
Actuarial (gain) loss20,610 (40,169)
Settlements— (3,463)
Benefits paid(49,176)(42,155)
Actual expenses(1,452)(1,834)
Currency translation adjustments7,305 (3,816)
End of year$741,361 $712,965 
Change in plan assets:
Beginning of year$956,884 $963,364 
Actual return on plan assets91,561 40,255 
Employer contribution8,053 2,896 
Plan participants’ contributions1,240 1,228 
Benefits paid(49,176)(42,155)
Actual expenses(1,452)(1,834)
Settlements— (3,463)
Currency translation adjustments7,621 (3,407)
End of year$1,014,731 $956,884 
Funded status$273,370 $243,919 
Pension Benefits
(In thousands)20252024
Amounts recognized on the balance sheet
Noncurrent assets$333,547 $299,130 
Current liabilities(4,963)(3,839)
Noncurrent liabilities(55,214)(51,372)
Total$273,370 $243,919 
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss $102,339 $104,770 
Prior service cost(242)(148)
Total$102,097 $104,622 
Information for plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation$90,929 $78,067 
Accumulated benefit obligation79,367 67,462 
Fair value of plan assets30,752 22,855 
ScheduleOfAssumptionsUsedTableTextBlock
Plan Assumptions
Pension Benefits
20252024
Weighted-average assumptions in determination of benefit obligation:
Discount rate5.17 %5.38 %
Rate of compensation increase3.31 %3.32 %
Weighted-average assumptions in determination of net periodic benefit cost:
Discount rate5.38 %4.71 %
Expected return on plan assets7.02 %6.58 %
Rate of compensation increase3.32 %3.33 %
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
20252024ExposureRange
Asset class
Domestic equities15%22%15%
12%-18%
International equities5%7%5%
1%-6%
Total equity20%29%20%
15%-25%
Fixed income80%71%80%
75%-85%
ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
The following table presents consolidated plan assets (in thousands) using the fair value hierarchy as of December 31, 2025 and December 31, 2024.
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$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 
Cash and cash equivalents$38,957 $38,957 $— $— 
Equity securities (1)
208,127 190,146 17,981 — 
Fixed Income (2)
757,058 11,068 745,990 — 
Other (3)
10,589 2,588 — 8,001 
December 31, 2025$1,014,731 $242,759 $763,971 $8,001 

(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, and global equity index mutual funds associated with our U.K. based pension plans.
(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, U.K., and Canadian-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
2026$56,924 
202757,464 
202860,444 
202960,757 
203059,128 
2031 - 2035280,560