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

3 Months Ended

Mar. 01, 2025

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 March 1, 2025 and March 2, 2024
													Other
	Pension Benefits												Postretirement
	U.S. Plans						Non-U.S. Plans						Benefits
Net periodic (benefit) cost:	2025			2024			2025			2024			2025			2024
Service cost	$	-		$	-		$	368		$	350		$	-		$	-
Interest cost		3,242			3,464			1,442			1,569			249			291
Expected return on assets		(5,717	)		(6,555	)		(1,624	)		(1,637	)		(3,484	)		(2,727	)
Amortization:
Prior service cost		-			-			28			16			-			-
Actuarial loss		1,953			1,159			475			513			(2,277	)		-
Net periodic (benefit) cost	$	(522	)	$	(1,932	)	$	689		$	811		$	(5,512	)	$	(2,436	)

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.