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Pension plans and other postretirement benefits (Tables)
9 Months Ended
Sep. 30, 2022
Compensation And Retirement Disclosure [Abstract]  
Net Periodic Defined Benefit Cost for Defined Benefit Plans

The Company provides defined benefit pension and other postretirement benefits (including health care and life insurance benefits) to qualified retired employees. Net periodic defined benefit cost for defined benefit plans consisted of the following:

 

 

Pension
Benefits

 

 

Other
Postretirement
Benefits

 

 

 

Three Months Ended September 30

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

4,423

 

 

$

5,128

 

 

$

689

 

 

$

254

 

Interest cost on projected benefit obligation

 

 

22,060

 

 

 

15,468

 

 

 

581

 

 

 

328

 

Expected return on plan assets

 

 

(50,188

)

 

 

(35,862

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

129

 

 

 

139

 

 

 

(693

)

 

 

(1,185

)

Amortization of net actuarial loss (gain)

 

 

4,974

 

 

 

22,254

 

 

 

(370

)

 

 

(324

)

Net periodic cost (benefit)

 

$

(18,602

)

 

$

7,127

 

 

$

207

 

 

$

(927

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension
Benefits

 

 

Other
Postretirement
Benefits

 

 

 

Nine Months Ended September 30

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

13,237

 

 

$

15,385

 

 

$

1,914

 

 

$

760

 

Interest cost on projected benefit obligation

 

 

60,407

 

 

 

46,404

 

 

 

1,607

 

 

 

984

 

Expected return on plan assets

 

 

(137,421

)

 

 

(107,586

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

387

 

 

 

415

 

 

 

(2,079

)

 

 

(3,554

)

Amortization of net actuarial loss (gain)

 

 

14,921

 

 

 

66,763

 

 

 

(1,111

)

 

 

(971

)

Net periodic cost (benefit)

 

$

(48,469

)

 

$

21,381

 

 

$

331

 

 

$

(2,781

)