XML 66 R50.htm IDEA: XBRL DOCUMENT v3.24.3
PENSION AND OTHER POSTRETIREMENT PLANS (Tables)
 12 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Reconciliation of Benefit Obligations, Plan Assets and Funded Status of Pension Plans
The following provides a reconciliation of benefit obligations, plan assets and funded status of the plans as of the Company's actuarial valuation as of September 30, 2024 and 2023:
 PensionOther Postretirement
 2024202320242023
Change in benefit obligation:
Benefit obligation, beginning of year$12,896 $36,609 $12,375 $12,813 
Service cost125 163 55 76 
Interest cost530 497 684 644 
Actuarial loss (gain)1,100 (512)777 (641)
Settlement— (24,242)— — 
Exchange loss645 979 — — 
Benefit payments(584)(598)(513)(517)
Benefit obligation, end of year (1)
14,712 12,896 13,378 12,375 
Change in plan assets:    
Fair value, beginning of year— — — — 
Benefit payments(584)(598)(513)(517)
Employer contributions584 24,840 513 517 
Settlement— (24,242)— — 
Fair value, end of year— — — — 
Funded status(14,712)(12,896)(13,378)(12,375)
Unrecognized actuarial gain(1,453)(1,518)(4,407)(5,906)
Unrecognized prior service credit— — (591)(956)
Net amount recognized$(16,165)$(14,414)$(18,376)$(19,237)
Amounts recognized in the consolidated balance sheet:    
Current liability$— $(68)$(872)$(876)
Noncurrent benefit liability(14,712)(12,828)(12,506)(11,499)
Accumulated other comprehensive income(1,453)(1,518)(4,998)(6,862)
Net amount recognized$(16,165)$(14,414)$(18,376)$(19,237)
Amounts recognized in accumulated    
       other comprehensive income:
    
Net actuarial gain$(1,453)$(1,518)$(4,407)$(5,906)
Prior service credit— — (591)(956)
Net amount recognized$(1,453)$(1,518)$(4,998)$(6,862)
(1) Gains and losses related to changes in assumptions (e.g., discount rate, mortality, etc.), salary and other experience impacted benefit obligations.
Net Periodic Pension and Other Postretirement Benefit Cost
Net periodic pension and other postretirement benefit cost for the plans included the following:
 PensionOther Postretirement
 202420232022202420232022
Service cost$125 $163 $392 $55 $76 $165 
Interest cost *530 497 1,127 684 644 411 
Expected return on plan assets *— — (1,040)— — — 
Amortization:      
Prior service cost (credit)— — (152)(364)(364)(364)
Net actuarial (gain) loss *(53)(64)469 (722)(708)— 
Settlement*— 1,271 30,856 — — — 
Net benefit cost$602 $1,867 $31,652 $(347)$(352)$212 
* Non-service components of pension and postretirement expense are included in other income (deductions), net.
Weighted-Average Assumptions for Principal Retirement and Other Postretirement Benefit Plans The weighted-average assumptions for those plans were:
 Pension
  
Other Postretirement   
 202420232022202420232022
Discount rate3.51 %4.13 %4.01 %4.99 %5.86 %5.37 %
Benefit Payments Expected to be Paid
Benefit payments expected to be paid are as follows:
Years ending September 30:Pension BenefitsOther Postretirement Benefits
2025$646 $872 
2026650 886 
2027659 887 
2028671 894 
2029692 894 
2030-20343,699 4,303 
 $7,017 $8,736