Note 6 - Components of Net Periodic Benefit related to Pension and Other Postretirement Benefit Plans

3 Months Ended

Feb. 26, 2022

Notes to Financial Statements

Retirement Benefits [Text Block]

Note 6: Components of Net Periodic Benefit related to Pension and Other Postretirement Benefit Plans

	Three Months Ended February 26, 2022 and February 27, 2021
													Other
	Pension Benefits												Postretirement
	U.S. Plans						Non-U.S. Plans						Benefits
Net periodic cost (benefit):	2022			2021			2022			2021			2022			2021
Service cost	$	-		$	-		$	720		$	833		$	-		$	5
Interest cost		2,368			2,325			789			733			184			205
Expected return on assets		(7,117	)		(7,781	)		(1,747	)		(3,077	)		(2,719	)		(2,235	)
Amortization:
Prior service cost (benefit)		(1	)		(1	)		16			17			-			-
Actuarial loss		1,013			799			649			1,022			(845	)		18
Net periodic benefit	$	(3,737	)	$	(4,658	)	$	427		$	(472	)	$	(3,380	)	$	(2,007	)

Service cost is included with employee compensation cost in cost of sales and selling, general and administrative expenses in the Consolidated Statements of Income. The components of our net periodic defined benefit pension and postretirement benefit costs other than service cost are presented in other income, net in the Consolidated Statements of Income.