XML 40 R30.htm IDEA: XBRL DOCUMENT v3.23.1
Pension plans and other postretirement benefits (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,723

 

 

$

4,271

 

 

$

390

 

 

$

232

 

Interest cost on projected benefit obligation

 

 

28,835

 

 

 

16,267

 

 

 

744

 

 

 

355

 

Expected return on plan assets

 

 

(50,400

)

 

 

(37,150

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

50

 

 

 

125

 

 

 

(525

)

 

 

(1,075

)

Amortization of net actuarial loss (gain)

 

 

(900

)

 

 

4,625

 

 

 

(650

)

 

 

(325

)

Net periodic cost (benefit)

 

$

(19,692

)

 

$

(11,862

)

 

$

(41

)

 

$

(813

)