Note 6 - Retirement Plans

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Retirement Benefits [Text Block]

6. Retirement Plans

The components of our net periodic pension benefit are included in miscellaneous income (expense) in our statement of operations. During the three-months ended March 31, 2024 and 2023, the amount recorded as a benefit was not material, and we did not make a contribution to our defined benefit pension plan. During the remainder of 2024, we expect to contribute $4 million to this plan.

During the three-months ended March 31, 2024, we contributed $8 million in matching cash contributions, and shares of our common stock valued at approximately $9 million for our 2023 discretionary profit-sharing contributions, to the 401(k) plan. The discretionary profit-sharing contribution was recorded as an expense in 2023 and accrued as of December 31, 2023. During the remainder of 2024, we expect to contribute approximately $28 million of matching cash contributions to this plan.