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Pensions and Other Post-retirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Pension Plans and Other Postretirement Benefits Plan
Defined benefit pension plan and other post-retirement benefits plan information is provided in the following tables:
Pension BenefitsOther Benefits
(In thousands)2024202320242023
Change in Benefit Obligations
Benefit obligations at January 1$521,474 $490,365 $21,386 $22,538 
Service cost9,214 7,587 176 214 
Interest cost23,307 23,775 994 1,090 
Participant contributions232 347 285 276 
Plan amendments(20)(194)— — 
Actuarial (losses) gains(a)
(27,259)23,750 1,696 (326)
Benefits paid(28,159)(26,140)(2,491)(2,406)
Curtailments— (87)— — 
Settlements(17,576)(1,574)— — 
Currency translation(6,729)3,645 — — 
Benefit obligations at December 31$474,484 $521,474 $22,046 $21,386 
Change in Plan Assets
Fair value of plan assets at January 1$563,449 $514,218 $— $— 
Actual return on plan assets55,610 70,640 — — 
Employer contributions7,877 5,217 2,206 2,130 
Participant contributions232 347 285 276 
Settlements(17,576)(1,574)— — 
Benefits paid(28,159)(26,140)(2,491)(2,406)
Administrative expenses paid(62)(57)— — 
Currency translation(1,007)798 — — 
Fair value of plan assets at December 31$580,364 $563,449 $— $— 
Funded Status
Funded status at December 31$105,880 $41,975 $(22,046)$(21,386)
Unrecognized prior service credit (cost)728 1,021 — (184)
Unrecognized net actuarial losses40,339 82,796 6,804 5,568 
Net amount recognized$146,947 $125,792 $(15,242)$(16,002)
Amounts Recognized in the Balance Sheets
Noncurrent assets$224,638 $172,161 $— $— 
Current liabilities(7,474)(8,427)(2,145)(2,167)
Noncurrent liabilities(111,284)(121,759)(19,901)(19,219)
Net amount recognized$105,880 $41,975 $(22,046)$(21,386)
Amounts Recognized in Accumulated Other Comprehensive Loss
Net actuarial losses$40,339 $82,796 $6,804 $5,568 
Prior service cost (credit)728 1,021 — (184)
Total (before tax effects)$41,067 $83,817 $6,804 $5,384 
Accumulated Benefit Obligations for all Defined Benefit Plans$442,734 $487,167 $— $— 
(a)Actuarial (losses) gains for both periods relate primarily to the increase/decrease in discount rates used in measuring plan obligations as of December 31, 2024, and 2023, respectively.
Components of Net Periodic Benefit (Credit) Cost
Pension BenefitsOther Benefits
(In thousands)202420232022202420232022
Components of Net Periodic Benefit (Income) Cost
Service cost$9,214 $7,587 $12,281 $176 $214 $327 
Interest cost23,307 23,775 14,377 994 1,090 590 
Expected return on plan assets(42,832)(39,639)(49,646)— — — 
Amortization of prior service cost (credit)142 161 139 (184)(245)(338)
Recognized net actuarial losses1,103 186 11,704 460 550 1,242 
Settlement/curtailment loss (gain)919 15 (354)— — — 
Net periodic benefit (income) cost(a)
$(8,147)$(7,915)$(11,499)$1,446 $1,609 $1,821 
(a) Components of net periodic benefit (income) cost other than service cost are included in the line item Other income, net, and service costs are included in the line items Cost of products sold and Selling, general and administrative in the Consolidated Statements of Income.
Schedule of Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Pension Benefits
(In thousands)20242023
Aggregate accumulated benefit obligations (ABO)$117,299 $129,921 
Aggregate fair value of plan assets3,334 5,622 
Schedule of Pension Plans with Projected Benefit Obligation in Excess of Plan Assets
Information for pension plans with a projected benefit obligation in excess of plan assets:
Pension Benefits
(In thousands)20242023
Aggregate projected benefit obligations (PBO)$122,092 $135,809 
Aggregate fair value of plan assets3,334 5,622 
Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
Pension BenefitsOther Benefits
2024202320242023
Assumptions used to determine benefit obligations
Average discount rate5.35 %4.75 %5.49 %4.88 %
Rate of compensation increase2.96 %3.78 %3.00 %3.00 %
Assumptions used to determine net periodic benefit cost
Average discount rate - Service cost5.02 %5.23 %4.96 %5.15 %
Average discount rate - Interest cost4.64 %4.91 %4.85 %5.09 %
Expected return on plan assets7.23 %6.86 %— — 
Rate of compensation increase3.78 %4.61 %3.00 %3.00 %
Schedule of Expected Return on Assets for Net Periodic Pension Cost
Pension Plan Assets at
December 31,
20242023
Equity securities65 %58 %
Fixed income securities26 30 
Pooled investment funds7 9 
Cash and cash equivalents1 2 
Insurance contracts1 1 
Total100 %100 %
Summary of Pension Plan Assets Measured at Fair Value on a Recurring Basis by Fair Value Hierarchy
The fair values of the Company's pension plan assets at December 31, 2024, were as follows:
Fair Value
(In thousands)TotalNAVQuoted Prices
in Active
Markets for
Identical Assets
(Level 1)		Significant
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Equity securities$375,001 $56,803 $318,198 $— $— 
Fixed income securities152,258 — 97,013 55,245 — 
Pooled investment funds42,182 42,182 — — — 
Cash and cash equivalents7,589 5,908 1,681 — — 
Insurance contracts3,334 — — — 3,334 
Total$580,364 $104,893 $416,892 $55,245 $3,334 
The fair values of the Company's pension plan assets at December 31, 2023, were as follows:
Fair Value
(In thousands)TotalNAVQuoted Prices
in Active
Markets for
Identical Assets
(Level 1)		Significant
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Equity securities$327,699 $45,441 $282,258 $— $— 
Fixed income securities169,321 — 94,706 74,615 — 
Pooled investment funds50,553 50,553 — — — 
Cash and cash equivalents10,254 8,645 1,609 — — 
Insurance contracts5,622 — — — 5,622 
Total$563,449 $104,639 $378,573 $74,615 $5,622 
Schedule of Reconciliation of Level 3 Assets
The following table presents a reconciliation of Level 3 assets:
(In thousands)Insurance
Contracts
Balance January 1, 2023$4,454 
Net realized and unrealized gains208 
Net purchases, issuances and settlements960 
Balance December 31, 20235,622 
Net realized and unrealized gains(117)
Net purchases, issuances and settlements(2,171)
Balance December 31, 2024$3,334 
Schedule of Level 3 Assets Recognized in Accumulated Other Comprehensive Loss
The following table presents amounts related to Level 3 assets recognized in accumulated other comprehensive loss:
(In thousands)Insurance
Contracts
Net actuarial losses$(698)
Prior service cost310 
Total (before tax effects)$(388)