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Pension and Other Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Contributions for Pension and Other Postretirement Benefits

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

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

U.S. defined benefit pension plans

 

$

207

 

 

$

236

 

Foreign defined benefit pension plans

 

 

377

 

 

 

388

 

Other postretirement benefits (e.g., net payments)

 

 

325

 

 

 

359

 

U.K. defined contribution pension plan

 

 

175

 

 

 

193

 

U.S. defined contribution plan

 

 

2,002

 

 

 

2,778

 

Net Periodic Pension and Other Postretirement Benefit Costs

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

U.S. Defined Benefit Pension Plans

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

10

 

 

$

13

 

 

$

29

 

 

$

38

 

Interest cost

 

 

2,483

 

 

 

1,546

 

 

 

7,450

 

 

 

4,639

 

Expected return on plan assets

 

 

(3,596

)

 

 

(3,302

)

 

 

(10,788

)

 

 

(9,905

)

Amortization of prior service cost

 

 

2

 

 

 

2

 

 

 

5

 

 

 

5

 

Amortization of actuarial loss

 

 

30

 

 

 

558

 

 

 

91

 

 

 

1,674

 

Net benefit income

 

$

(1,071

)

 

$

(1,183

)

 

$

(3,213

)

 

$

(3,549

)

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Foreign Defined Benefit Pension Plans

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

87

 

 

$

85

 

 

$

225

 

 

$

223

 

Interest cost

 

 

468

 

 

 

256

 

 

 

1,391

 

 

 

821

 

Expected return on plan assets

 

 

(487

)

 

 

(463

)

 

 

(1,446

)

 

 

(1,484

)

Amortization of prior service credit

 

 

(70

)

 

 

(65

)

 

 

(207

)

 

 

(210

)

Amortization of actuarial loss

 

 

152

 

 

 

75

 

 

 

451

 

 

 

242

 

Net benefit expense (income)

 

$

150

 

 

$

(112

)

 

$

414

 

 

$

(408

)

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Other Postretirement Benefit Plans

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

43

 

 

$

59

 

 

$

128

 

 

$

176

 

Interest cost

 

 

98

 

 

 

55

 

 

 

293

 

 

 

165

 

Amortization of prior service credit

 

 

(256

)

 

 

(299

)

 

 

(768

)

 

 

(897

)

Amortization of actuarial (gain) loss

 

 

(81

)

 

 

6

 

 

 

(242

)

 

 

19

 

Net benefit income

 

$

(196

)

 

$

(179

)

 

$

(589

)

 

$

(537

)