Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2020

Retirement Benefits [Abstract]

Pension and Other Defined Contribution Retirement Plan Expenses

Pension and other defined contribution retirement plan expenses included the following components:

(DOLLARS IN THOUSANDS)	U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Service cost for benefits earned(1)	$	400	$	474	$	800	$	948
Interest cost on projected benefit obligation(2)	4,263		5,453		8,526		10,906
Expected return on plan assets(2)	(7,083)		(6,983)		(14,166)		(13,966)
Net amortization and deferrals(2)	1,858		1,276		3,716		2,551
Net periodic benefit (income) cost	$	(562)	$	220	$	(1,124)	$	439

(DOLLARS IN THOUSANDS)	Non-U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Service cost for benefits earned(1)	$	5,940	$	4,873	$	11,880	$	9,746
Interest cost on projected benefit obligation(2)	3,246		4,435		6,491		8,870
Expected return on plan assets(2)	(11,614)		(10,904)		(23,228)		(21,808)
Net amortization and deferrals(2)	3,834		2,922		7,668		5,844
Net periodic benefit (income) cost	$	1,406	$	1,326	$	2,811	$	2,652

_______________________ 

(1)Included as a component of Operating profit.

(2)Included as a component of Other income, net.

Postretirement Benefits Other Than Pension Expenses

Income recognized for postretirement benefits other than pensions included the following components: 

	Three Months Ended June 30,				Six Months Ended June 30,
(DOLLARS IN THOUSANDS)	2020		2019		2020		2019
Service cost for benefits earned	$	143	$	148	$	286	$	296
Interest cost on projected benefit obligation	475		578		949		1,156
Net amortization and deferrals	(1,152)		(1,195)		(2,305)		(2,389)
Total postretirement benefit income	$	(534)	$	(469)	$	(1,070)	$	(937)