Benefit Plans

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Benefit Plans

BENEFIT PLANS

The following table presents the net periodic benefit cost of the Pension Plans combined:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(In Thousands)
Components of net periodic benefit cost:
Service cost	$	1,253	$	1,298	$	2,506	$	2,595
Interest cost	6,739		7,455		13,478		14,910
Expected return on plan assets	(7,443)		(8,277)		(14,886)		(16,553)
Amortization of prior service cost	475		543		950		1,086
Amortization of actuarial loss	1,207		1,536		2,414		3,072
Net periodic benefit cost	$	2,231	$	2,555	$	4,462	$	5,110

The components of net periodic benefit cost other than service cost are included in “Other (expense) / income, net” in the Condensed Consolidated Statements of Operations.

In addition, AES Indiana provides postretirement health care benefits to certain active or retired employees and the spouses of certain active or retired employees. These postretirement health care benefits and the related unfunded obligation were not material to the Financial Statements in the periods covered by this report.