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Pension and Other Postretirement Benefits (Tables)
3 Months Ended
Mar. 31, 2025
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,

 

 

 

2025

 

2024

 

U.S. defined benefit pension plans

 

$

796

 

$

 

U.S. defined benefit nonqualified pension plans (e.g. payments)

 

$

192

 

$

192

 

Foreign defined benefit pension plans

 

$

106

 

$

120

 

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

 

$

85

 

$

88

 

U.K. defined contribution pension plan

 

$

70

 

$

66

 

U.S. defined contribution plan

 

$

854

 

$

929

 

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 (a)

 

2025

 

 

2024

 

Service cost

 

$

7

 

 

$

10

 

Interest cost

 

 

2,249

 

 

 

2,329

 

Expected return on plan assets

 

 

(2,871

)

 

 

(3,401

)

Amortization of actuarial loss

 

 

142

 

 

 

45

 

Net benefit income

 

$

(473

)

 

$

(1,017

)

a) Includes the nonqualified defined benefit pension plan.

 

 

Three Months Ended March 31,

 

Foreign Defined Benefit Pension Plans

 

2025

 

 

2024

 

Service cost

 

$

26

 

 

$

31

 

Interest cost

 

 

457

 

 

 

456

 

Expected return on plan assets

 

 

(525

)

 

 

(478

)

Amortization of prior service credit

 

 

(70

)

 

 

(71

)

Amortization of actuarial loss

 

 

197

 

 

 

180

 

Net benefit expense

 

$

85

 

 

$

118

 

 

 

 

Three Months Ended March 31,

 

Other Postretirement Benefit Plans

 

2025

 

 

2024

 

Service cost

 

$

42

 

 

$

43

 

Interest cost

 

 

90

 

 

 

98

 

Amortization of prior service credit

 

 

(256

)

 

 

(256

)

Amortization of actuarial gain

 

 

(78

)

 

 

(81

)

Net benefit income

 

$

(202

)

 

$

(196

)