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Pensions and Other Post-retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2025
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)2025202420252024
Change in Benefit Obligations
Benefit obligations at January 1$474,484 $521,474 $22,046 $21,386 
Service cost8,118 9,214 124 176 
Interest cost24,178 23,307 1,104 994 
Participant contributions165 232 222 285 
Plan amendments605 (20)— — 
Actuarial (gains) losses(a)
(5,524)(27,259)(569)1,696 
Benefits paid(29,818)(28,159)(2,269)(2,491)
Settlements(2,282)(17,576)— — 
Acquisitions8,554 — — — 
Currency translation11,263 (6,729)— — 
Benefit obligations at December 31$489,743 $474,484 $20,658 $22,046 
Change in Plan Assets
Fair value of plan assets at January 1$580,364 $563,449 $— $— 
Actual return on plan assets83,400 55,610 — — 
Employer contributions6,644 7,877 2,047 2,206 
Participant contributions165 232 222 285 
Settlements(2,282)(17,576)— — 
Benefits paid(29,818)(28,159)(2,269)(2,491)
Administrative expenses paid(56)(62)— — 
Currency translation546 (1,007)— — 
Fair value of plan assets at December 31$638,963 $580,364 $— $— 
Funded Status
Funded status at December 31$149,220 $105,880 $(20,658)$(22,046)
Unrecognized prior service cost794 728 — — 
Unrecognized net actuarial (gains) losses(1,252)40,339 5,584 6,804 
Net amount recognized$148,762 $146,947 $(15,074)$(15,242)
Amounts Recognized in the Balance Sheets
Noncurrent assets$279,450 $224,638 $— $— 
Current liabilities(8,522)(7,474)(1,963)(2,145)
Noncurrent liabilities(121,708)(111,284)(18,695)(19,901)
Net amount recognized$149,220 $105,880 $(20,658)$(22,046)
Amounts Recognized in Accumulated Other Comprehensive Loss
Net actuarial (gains) losses$(1,252)$40,339 $5,584 $6,804 
Prior service cost794 728 — — 
Total (before tax effects)$(458)$41,067 $5,584 $6,804 
Accumulated Benefit Obligations for all Defined Benefit Plans$464,203 $442,734 $— $— 
(a)Actuarial (gains) losses for both periods relate primarily to the increase in discount rates used in measuring plan obligations as of December 31, 2025, and 2024, respectively.
Components of Net Periodic Benefit (Credit) Cost
Pension BenefitsOther Benefits
(In thousands)202520242023202520242023
Components of Net Periodic Benefit (Income) Cost
Service cost$8,118 $9,214 $7,587 $124 $176 $214 
Interest cost24,178 23,307 23,775 1,104 994 1,090 
Expected return on plan assets(48,030)(42,832)(39,639)— — — 
Amortization of prior service cost (credit)650 142 161 — (184)(245)
Recognized net actuarial losses1,091 1,103 186 651 460 550 
Settlement/curtailment loss17 919 15 — — — 
Net periodic benefit (income) cost(a)
$(13,976)$(8,147)$(7,915)$1,879 $1,446 $1,609 
(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)20252024
Aggregate accumulated benefit obligations (ABO)$128,023 $117,299 
Aggregate fair value of plan assets2,416 3,334 
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)20252024
Aggregate projected benefit obligations (PBO)$132,646 $122,092 
Aggregate fair value of plan assets2,416 3,334 
Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
Pension BenefitsOther Benefits
2025202420252024
Assumptions used to determine benefit obligations
Average discount rate5.37 %5.35 %5.09 %5.49 %
Rate of compensation increase2.97 %2.96 %3.00 %3.00 %
Assumptions used to determine net periodic benefit cost
Average discount rate - Service cost5.75 %5.02 %5.65 %4.96 %
Average discount rate - Interest cost5.07 %4.64 %5.22 %4.85 %
Expected return on plan assets8.05 %7.23 %— — 
Rate of compensation increase2.96 %3.78 %3.00 %3.00 %
Schedule of Expected Return on Assets for Net Periodic Pension Cost
Pension Plan Assets at
December 31,
20252024
Equity securities59 %65 %
Fixed income securities33 26 
Pooled investment funds
Cash and cash equivalents
Insurance contracts— 
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, 2025, 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$374,848 $59,938 $314,910 $— $— 
Fixed income securities210,277 — 129,420 80,857 — 
Pooled investment funds44,630 44,630 — — — 
Cash and cash equivalents6,792 4,403 2,389 — — 
Insurance contracts2,416 — — 2,416 — 
Total$638,963 $108,971 $446,719 $83,273 $— 
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