Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2023

Compensation And Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits

Note 8 – Pension and Other Postretirement Benefits

Contributions to the Corporation’s employee benefit plans were as follows:

	Six Months Ended June 30,
	2023		2022
U.S. defined benefit pension plans	$	207	$	74
Foreign defined benefit pension plans		260		248
Other postretirement benefits (e.g., net payments)		224		242
U.K. defined contribution pension plan		120		129
U.S. defined contribution plan		1,350		1,882

Net periodic pension and other postretirement benefit costs included the following components:

	Three Months Ended June 30,						Six Months Ended June 30,
U.S. Defined Benefit Pension Plans	2023			2022			2023			2022
Service cost	$	9		$	9		$	19		$	25
Interest cost		2,484			1,541			4,967			3,093
Expected return on plan assets		(3,596	)		(3,387	)		(7,192	)		(6,603	)
Amortization of prior service cost		1			1			3			3
Amortization of actuarial loss		31			485			61			1,116
Net benefit income	$	(1,071	)	$	(1,351	)	$	(2,142	)	$	(2,366	)

	Three Months Ended June 30,						Six Months Ended June 30,
Foreign Defined Benefit Pension Plans	2023			2022			2023			2022
Service cost	$	76		$	66		$	138		$	138
Interest cost		468			273			923			565
Expected return on plan assets		(488	)		(494	)		(959	)		(1,021	)
Amortization of prior service credit		(69	)		(70	)		(137	)		(145	)
Amortization of actuarial loss		152			81			299			167
Net benefit expense (income)	$	139		$	(144	)	$	264		$	(296	)

	Three Months Ended June 30,						Six Months Ended June 30,
Other Postretirement Benefit Plans	2023			2022			2023			2022
Service cost	$	26		$	56		$	85		$	117
Interest cost		140			65			195			110
Amortization of prior service credit		(213	)		(341	)		(512	)		(598	)
Amortization of actuarial (gain) loss		(167	)		32			(161	)		13
Net benefit income	$	(214	)	$	(188	)	$	(393	)	$	(358	)