Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Note 7 – Pension and Other Postretirement Benefits

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

	Six Months Ended June 30,
	2024		2023
U.S. defined benefit pension plans	$	3,554	$	207
Foreign defined benefit pension plans	$	176	$	260
Other postretirement benefits (e.g., net payments)	$	182	$	224
U.K. defined contribution pension plan	$	134	$	120
U.S. defined contribution plan	$	1,814	$	1,350

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	2024			2023			2024			2023
Service cost	$	10		$	9		$	20		$	19
Interest cost		2,328			2,484			4,657			4,967
Expected return on plan assets		(3,401	)		(3,596	)		(6,802	)		(7,192	)
Amortization of prior service cost		1			1			1			3
Amortization of actuarial loss		46			31			91			61
Net benefit income	$	(1,016	)	$	(1,071	)	$	(2,033	)	$	(2,142	)

	Three Months Ended June 30,						Six Months Ended June 30,
Foreign Defined Benefit Pension Plans	2024			2023			2024			2023
Service cost	$	8		$	76		$	39		$	138
Interest cost		452			468			908			923
Expected return on plan assets		(475	)		(488	)		(953	)		(959	)
Amortization of prior service credit		(70	)		(69	)		(141	)		(137	)
Amortization of actuarial loss		181			152			361			299
Net benefit expense	$	96		$	139		$	214		$	264

	Three Months Ended June 30,						Six Months Ended June 30,
Other Postretirement Benefit Plans	2024			2023			2024			2023
Service cost	$	41		$	26		$	84		$	85
Interest cost		83			140			181			195
Amortization of prior service credit		(256	)		(213	)		(512	)		(512	)
Amortization of actuarial gain		(76	)		(167	)		(157	)		(161	)
Net benefit income	$	(208	)	$	(214	)	$	(404	)	$	(393	)