XML 52 R40.htm IDEA: XBRL DOCUMENT v3.20.2
Employee Benefit Plans (Tables)
 9 Months Ended
Sep. 30, 2020
Defined benefit pension plans  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
The tables below set forth the components of the Company’s net periodic (income) expense relating to retirement benefit plans. The service cost component is recognized within selling, general and administrative expenses and cost of goods and services, depending on the functional area of the underlying employees included in the plans, and the non-operating components of pension costs are included within other income, net in the Condensed Consolidated Statements of Earnings.

Qualified Defined Benefits
 Three Months Ended September 30,Nine Months Ended September 30,
 U.S. PlanNon-U.S. PlansU.S. PlanNon-U.S. Plans
 20202019202020192020201920202019
Service cost $1,706 $1,754 $1,366 $1,429 $5,118 $5,262 $3,954 $4,265 
Interest cost4,068 4,756 839 1,193 12,204 14,269 2,460 3,641 
Expected return on plan assets(7,869)(8,534)(1,719)(1,538)(23,607)(25,602)(5,033)(4,664)
Amortization:
Prior service cost (credit)57 76 (126)(102)170 227 (365)(298)
Recognized actuarial loss1,884 — 777 763 5,652 — 2,253 2,288 
Net periodic (income) expense$(154)$(1,948)$1,137 $1,745 $(463)$(5,844)$3,269 $5,232 
Supplemental Employee Retirement Plans, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
Non-Qualified Supplemental Benefits
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Service cost$318 $486 $954 $1,457 
Interest cost441 668 1,324 2,003 
Amortization:
   Prior service cost424 703 1,271 2,109 
   Recognized actuarial gain(464)(570)(1,393)(1,710)
Net periodic expense$719 $1,287 $2,156 $3,859 
Post-Retirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
Post-Retirement Benefit Plans

The Company also maintains post-retirement benefit plans, although these plans are closed to new entrants. The post-retirement benefit plans are supported by the general assets of the Company. The following table sets forth the components of the Company’s net periodic expense relating to its post-retirement benefit plans:

 Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
Service cost$5 $5 $15 $15 
Interest cost60 78 181 234 
Amortization:
   Prior service cost3 3 10 10 
   Recognized actuarial gain(3)(17)(11)(52)
Net periodic expense$65 $69 $195 $207