Compensation And Retirement Disclosure [Abstract]

Reconciliation of Projected Benefit Obligations (PBO), Plan Assets, the Funded Status of the Plans and the Amounts Recognized in the Consolidated Balance Sheets

The following tables provide a reconciliation of projected benefit obligations (“PBO”), plan assets and the funded status of the plans for the Corporation’s defined benefit plans calculated using a measurement date as of the end of the respective years.


	U.S. Pension Benefits(a)						Foreign Pension Benefits(b)						Other Postretirement Benefits
	2022			2021			2022			2021			2022			2021
Change in projected benefit obligations:
PBO at January 1	$	260,301		$	273,776		$	67,007		$	69,923		$	10,430		$	11,410
Service cost		51			243			286			375			234			245
Interest cost		6,185			5,349			1,079			829			220			182
Foreign currency exchange rate changes		—			—			(6,690	)		(1,354	)		—			—
Actuarial (gains) losses		(57,237	)		(4,207	)		(19,994	)		3			(2,761	)		(807	)
Participant contributions		—			—			—			—			30			161
Benefits paid from plan assets		(14,860	)		(14,457	)		(1,863	)		(2,114	)		—			—
Benefits paid by the Corporation		(770	)		(403	)		(506	)		(655	)		(509	)		(761	)
PBO at December 31	$	193,670		$	260,301		$	39,319		$	67,007		$	7,644		$	10,430

Change in plan assets:
Fair value of plan assets at January 1	$	214,937		$	210,880		$	71,614		$	66,957		$	—		$	—
Actual return on plan assets		(39,147	)		18,514			(21,069	)		7,550			—			—
Foreign currency exchange rate changes		—			—			(7,003	)		(779	)		—			—
Corporate contributions		1,214			403			506			655			479			600
Participant contributions		—			—			—			—			30			161
Gross benefits paid		(15,630	)		(14,860	)		(2,369	)		(2,769	)		(509	)		(761	)
Fair value of plan assets at December 31	$	161,374		$	214,937		$	41,679		$	71,614		$	—		$	—

Funded status of the plans:
Fair value of plan assets	$	161,374		$	214,937		$	41,679		$	71,614		$	—		$	—
Less benefit obligations		193,670			260,301			39,319			67,007			7,644			10,430
Funded status at December 31	$	(32,296	)	$	(45,364	)	$	2,360		$	4,607		$	(7,644	)	$	(10,430	)

(a)

Includes the nonqualified defined benefit pension plan.

(b)

Includes the over-funded U.K. defined benefit pension plan and two smaller unfunded defined benefit pension plans.

The following tables provide a summary of amounts recognized in the consolidated balance sheets at December 31, 2022 and 2021.


	U.S. Pension Benefits						Foreign Pension Benefits						Other Postretirement Benefits
	2022			2021			2022			2021			2022			2021
Employee benefit obligations:
Prepaid pensions(a)	$	—		$	—		$	7,242		$	11,963		$	—		$	—
Accrued payrolls and employee benefits(b)		(726	)		(740	)		—			—			(833	)		(932	)
Employee benefit obligations(c)		(31,570	)		(44,624	)		(4,882	)		(7,356	)		(6,811	)		(9,498	)
Total employee benefit obligations	$	(32,296	)	$	(45,364	)	$	2,360		$	4,607		$	(7,644	)	$	(10,430	)

Accumulated other comprehensive loss:(d)
Net actuarial loss (gain)	$	44,361		$	51,476		$	16,963		$	16,046		$	(3,031	)	$	(405	)
Prior service cost (credit)		8			15			(5,952	)		(6,952	)		(4,767	)		(5,803	)
Total accumulated other comprehensive loss	$	44,369		$	51,491		$	11,011		$	9,094		$	(7,798	)	$	(6,208	)

(a)

Represents the over-funded U.K. defined benefit pension plan which is recorded as a noncurrent asset in the consolidated balance sheets.

(b)

Recorded as a current liability in the consolidated balance sheets.

(c)

Recorded as a noncurrent liability in the consolidated balance sheets.

(d)

Amounts are pre-tax.

Asset Categories Based on the Nature and Risks of the Plans Assets

Asset categories based on the nature and risks of the U.S. pension benefit plan's assets as of December 31, 2022 are summarized below.


	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Equity Securities:
U.S.
Consumer discretionary	$	2,697	$	—	$	—	$	2,697
Consumer staples		2,454		—		—		2,454
Energy		1,112		—		—		1,112
Financial		3,165		—		—		3,165
Healthcare		5,967		—		—		5,967
Industrials		4,222		—		—		4,222
Information technology		5,631		—		—		5,631
Materials		369		—		—		369
Mutual funds and ETFs		43,408		—		—		43,408
Real estate		279		—		—		279
Telecommunications		1,183		—		—		1,183
Utilities		324		—		—		324
International
Consumer discretionary		66		—		—		66
Financial		450		—		—		450
Healthcare		123		—		—		123
Industrials		463		—		—		463
Information technology		438		—		—		438
Materials		646		—		—		646
Total Equity Securities		72,997		—		—		72,997
Fixed-Income Securities:
U.S.
Corporate bonds		—		39,047		—		39,047
Treasury bonds		26,247		—		—		26,247
Agency bonds		—		231		—		231
Mutual funds and ETFs		6,162		—		—		6,162
International
Corporate bonds		—		5,983		—		5,983
Total Fixed-Income Securities		32,409		45,261		—		77,670
Alternative Investments:
Managed funds(a)		—		—		6,569		6,569
Total Alternative Investments		—		—		6,569		6,569
Other:
Cash and cash equivalents(b)		4,138		—		—		4,138
Total Other		4,138		—		—		4,138
Total assets	$	109,544	$	45,261	$	6,569	$	161,374

(a)

Includes approximately 98.5% in alternative investments (real assets, commodities and resources, absolute return funds) and 1.5% in cash and cash equivalents.

(b)

Includes investments in temporary funds.

Asset categories based on the nature and risks of the U.S. pension benefit plans' assets as of December 31, 2021 are summarized below.


	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Equity Securities:
U.S.
Consumer discretionary	$	6,442	$	—	$	—	$	6,442
Consumer staples		3,050		—		—		3,050
Energy		1,167		—		—		1,167
Financial		4,617		—		—		4,617
Healthcare		10,526		—		—		10,526
Industrials		8,089		—		—		8,089
Information technology		11,819		—		—		11,819
Materials		938		—		—		938
Mutual funds and ETFs		58,440		—		—		58,440
Real estate		824		—		—		824
Telecommunications		2,388		—		—		2,388
Utilities		146		—		—		146
International
Consumer discretionary		426		—		—		426
Financial		751		—		—		751
Healthcare		880		—		—		880
Industrials		1,410		—		—		1,410
Information technology		2,065		—		—		2,065
Materials		1,330		—		—		1,330
Total Equity Securities		115,308		—		—		115,308
Fixed-Income Securities:
U.S.
Corporate bonds		—		41,991		—		41,991
Treasury bonds		28,694		—		—		28,694
Agency bonds		—		257		—		257
Mutual funds and ETFs		7,334		—		—		7,334
International
Corporate bonds		—		3,711		—		3,711
Total Fixed-Income Securities		36,028		45,959		—		81,987
Alternative Investments:
Managed funds(a)		—		—		8,167		8,167
Total Alternative Investments		—		—		8,167		8,167
Other:
Cash and cash equivalents(b)		9,349		—		—		9,349
Other(c)		76		—		50		126
Total Other		9,425		—		50		9,475
Total assets	$	160,761	$	45,959	$	8,217	$	214,937

(a)

Includes approximately 89.6% in alternative investments (real assets, commodities and resources, absolute return funds) and 10.4% in cash and cash equivalents.

(b)

Includes investments in temporary funds.

(c)

Includes accrued receivables and pending broker settlements.

Asset categories based on the nature and risks of the foreign pension benefit plan’s assets as of December 31, 2022 are summarized below.


	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Fixed-Income Securities:
Commingled funds (U.K.)	$	—	$	24,144	$	—	$	24,144
Commingled funds (International)		—		13,355		831		14,186
Total Fixed-Income Securities		—		37,499		831		38,330
Alternative Investments:
Absolute Return Funds		—		—		—		—
Cash and cash equivalents		647		2,702		—		3,349
Total assets	$	647	$	40,201	$	831	$	41,679

Asset categories based on the nature and risks of the foreign pension benefit plan’s assets as of December 31, 2021 are summarized below.


	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Equity Securities:
Commingled funds (U.K.)	$	—	$	—	$	1,079	$	1,079
Commingled funds (International)		—		1,663		8,205		9,868
Total Equity Securities		—		1,663		9,284		10,947
Fixed-Income Securities:
Commingled funds (U.K.)	$	—		16,320		—		16,320
Commingled funds (International)		—		15,281		10,197		25,478
Total Fixed-Income Securities		—		31,601		10,197		41,798
Multi-Asset Commingled Funds (International)		—		9,077		—		9,077
Alternative Investments:
Absolute Return Funds		—		—		1,347		1,347
Cash and cash equivalents		—		8,445		—		8,445
Total assets	$	—	$	50,786	$	20,828	$	71,614

Net Periodic Pension and Other Postretirement Benefit Costs

Net periodic pension and other postretirement benefit costs include the following components for each of the years.


	U.S. Pension Benefits						Foreign Pension Benefits						Other Postretirement Benefits
	2022			2021			2022			2021			2022			2021
Service cost	$	51		$	243		$	286		$	375		$	234		$	245
Interest cost		6,185			5,349			1,079			829			220			182
Expected return on plan assets		(13,207	)		(12,995	)		(1,945	)		(1,935	)		—			—
Amortization of:
Prior service cost (credit)		8			23			(275	)		(306	)		(1,035	)		(1,030	)
Actuarial loss (gain)		2,231			2,632			322			635			(135	)		(78	)
Total net periodic pension and other postretirement benefit costs	$	(4,732	)	$	(4,748	)	$	(533	)	$	(402	)	$	(716	)	$	(681	)

Assumptions Regarding Net Periodic Pension and Other Postretirement Benefit Costs

The following assumptions were used to determine net periodic pension and other postretirement benefit costs for the years ended December 31, 2022 and 2021.


	U.S. Pension Benefits		Foreign Pension Benefits		Other Postretirement Benefits
	2022	2021	2022	2021	2022	2021
Discount rate	2.79-2.91%	2.50-2.63%	1.95%	1.45%	2.91%	2.61%
Expected long-term rate of return	6.94%	6.50-7.00%	3.00%	2.90%	n/a	n/a