Pensions and Other Post-retirement Benefits

6 Months Ended

Jun. 30, 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 June 30,
Service cost	$	3,242	$	3,011	$	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
Net periodic benefit cost (a)	$	1,399	$	2,215	$	524	$	466
Six Months Ended June 30,
Service cost	$	6,484	$	6,022	$	198	$	198
Interest cost	5,634		7,452		232		358
Expected return on plan assets	(18,294)		(17,006)		—		—
Amortization of prior service cost (credit)	132		92		(180)		(196)
Recognized net actuarial losses	8,842		7,870		798		572
Settlements	(1,879)		—		—		—
Net periodic benefit cost(a)	$	919	$	4,430	$	1,048	$	932

(a) Components of net periodic benefit 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 $3.8 million to our pension plans during both the six months ended June 30, 2021 and 2020. 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.