Pensions and Other Post-retirement Benefits

3 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

Pensions and Other Post-retirement Benefits

Pensions and Other Post-retirement Benefits

Components of net periodic benefit cost consisted of the following:

	Pension Benefits				Other Benefits
(In thousands)	2021		2020		2021		2020
Three Months Ended March 31,
Service cost	$	3,242	$	3,012	$	99	$	99
Interest cost	2,817		3,726		116		179
Expected return on plan assets	(9,147)		(8,503)		—		—
Amortization of prior service cost (credit)	66		46		(90)		(98)
Recognized net actuarial losses	4,421		3,935		399		286
Settlements	(1,879)		—		—		—
Net periodic benefit (income) cost (a)	$	(480)	$	2,216	$	524	$	466

(a) Components of net periodic benefit (income) cost other than service cost are included in the line item "Other income, net" in the unaudited Condensed Consolidated Statements of Income.

We made contributions of $1.9 million to our pension plans during both the three months ended March 31, 2021 and 2020, respectively. We expect to make total contributions of approximately $7.7 million to our pension plans in 2021 primarily associated with statutorily required plans in the International segment.