RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

3 Months Ended

Mar. 31, 2022

RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

NOTE 13 — RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

The components of total pension cost were as follows:

	Three Months Ended March 31,
	2022				2021
	U.S. pension		Non-U.S.		U.S. pension		Non-U.S.
	plans		pension plans		plans		pension plans
Service cost	$	50	$	305	$	49	$	471
Interest cost		66		704		2,981		616
Expected return on plan assets		—		(1,004)		(4,509)		(972)
Amortization of prior service cost		—		(1)		—		12
Amortization of net loss		44		78		581		435
Settlement charges (gains) (1)		(3,735)		—		4,440		446
Defined benefit plans		(3,575)		82		3,542		1,008
Multi-employer plans		—		110		—		244
Defined contribution plans		6,035		625		5,162		845
Total pension cost	$	2,460	$	817	$	8,704	$	2,097

(1) Gains in the three months ended March 31, 2022 related to the final settlement associated with the termination of a pension plan. Charges primarily resulting from lump sum pension payments in the three months ended March 31, 2021.

The defined benefit plan components of Total pension cost, other than service cost, are included in Other income (expense) in the Company’s Consolidated Statements of Income.