XML 42 R34.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Pension and Other Postretirement Benefits (Tables)
3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Contributions for Pension and Other Postretirement Benefits

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

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

U.S. defined benefit pension plans

 

$

192

 

 

$

207

 

Foreign defined benefit pension plans

 

$

120

 

 

$

113

 

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

 

$

88

 

 

$

119

 

U.K. defined contribution pension plan

 

$

66

 

 

$

57

 

U.S. defined contribution plan

 

$

929

 

 

$

646

 

Net Periodic Pension and Other Postretirement Benefit Costs

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

 

 

Three Months Ended March 31,

 

U.S. Defined Benefit Pension Plans

 

2024

 

 

2023

 

Service cost

 

$

10

 

 

$

10

 

Interest cost

 

 

2,329

 

 

 

2,483

 

Expected return on plan assets

 

 

(3,401

)

 

 

(3,596

)

Amortization of prior service cost

 

 

-

 

 

 

2

 

Amortization of actuarial loss

 

 

45

 

 

 

30

 

Net benefit income

 

$

(1,017

)

 

$

(1,071

)

 

 

 

Three Months Ended March 31,

 

Foreign Defined Benefit Pension Plans

 

2024

 

 

2023

 

Service cost

 

$

31

 

 

$

62

 

Interest cost

 

 

456

 

 

 

455

 

Expected return on plan assets

 

 

(478

)

 

 

(471

)

Amortization of prior service credit

 

 

(71

)

 

 

(68

)

Amortization of actuarial loss

 

 

180

 

 

 

147

 

Net benefit expense

 

$

118

 

 

$

125

 

 

 

 

Three Months Ended March 31,

 

Other Postretirement Benefit Plans

 

2024

 

 

2023

 

Service cost

 

$

43

 

 

$

59

 

Interest cost

 

 

98

 

 

 

55

 

Amortization of prior service credit

 

 

(256

)

 

 

(299

)

Amortization of actuarial (gain) loss

 

 

(81

)

 

 

6

 

Net benefit income

 

$

(196

)

 

$

(179

)