Pension And Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Pension and Postretirement Benefit (Credits) Costs [Table Text Block]

The following table details qualified pension and postretirement benefit costs included in the accompanying consolidated statements of income. The service cost component of net periodic pension (credit) cost is recorded in operating expenses in the consolidated statements of income while the remaining components are recorded in “Other income (expense) – net.”


	Three months ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Pension cost:
Service cost – benefits earned during the period	$	122	$	141	$	365	$	488
Interest cost on projected benefit obligation	416		481		1,448		1,216
Expected return on assets	(570)		(740)		(1,999)		(2,410)
Amortization of prior service credit	(33)		(33)		(100)		(100)
Net pension (credit) cost before remeasurement	(65)		(151)		(286)		(806)
Actuarial (gain) loss	(71)		(216)		218		(2,573)
Settlement (gain) loss	—		—		(363)		—
Net pension (credit) cost	$	(136)	$	(367)	$	(431)	$	(3,379)

Postretirement cost:
Service cost – benefits earned during the period	$	5	$	7	$	17	$	25
Interest cost on accumulated postretirement benefit obligation	85		75		255		201
Expected return on assets	(32)		(23)		(98)		(88)
Amortization of prior service credit	(618)		(697)		(1,854)		(1,861)
Net postretirement (credit) cost before remeasurement	(560)		(638)		(1,680)		(1,723)
Actuarial (gain) loss	—		(1,084)		—		(1,084)
Net postretirement (credit) cost	$	(560)	$	(1,722)	$	(1,680)	$	(2,807)
Combined net pension and postretirement (credit) cost	$	(696)	$	(2,089)	$	(2,111)	$	(6,186)