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Employee Benefit Plans
9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The Company has a qualified pension plan and postretirement healthcare benefit plans. The plans cover certain eligible employees and retirees of the HDMC segment. The Company also has unfunded supplemental employee retirement plan agreements (SERPA) with certain employees. Service cost is allocated among Selling, administrative and engineering expense, Motorcycles and related products cost of goods sold and Inventories, net. Amounts capitalized in inventory are not significant. Non-service cost components of net periodic benefit (income) cost are presented in Other income, net. Components of net periodic benefit (income) cost for the Company's defined benefit plans were as follows (in thousands):
 Three months endedNine months ended
September 30,
2023
September 25,
2022
September 30,
2023
September 25,
2022
Pension and SERPA Benefits:
Service cost$1,294 $4,763 $3,882 $14,289 
Interest cost20,476 15,473 61,429 46,418 
Expected return on plan assets(36,519)(31,476)(109,557)(94,428)
Amortization of unrecognized:
Prior service cost (credit)188 (328)564 (984)
Net (gain) loss(181)7,978 (543)23,934 
Settlement gain— — (222)(256)
Net periodic benefit income$(14,742)$(3,590)$(44,447)$(11,027)
Postretirement Healthcare Benefits:
Service cost$797 $1,161 $2,390 $3,482 
Interest cost2,772 1,904 8,316 5,712 
Expected return on plan assets(4,281)(3,809)(12,843)(11,427)
Amortization of unrecognized:
Prior service credit(166)(581)(498)(1,743)
Net (gain) loss(1,097)122 (3,291)366 
Net periodic benefit income$(1,975)$(1,203)$(5,926)$(3,610)
There are no required or planned voluntary qualified pension plan contributions for 2023. The Company expects it will continue to make ongoing benefit payments under the SERPA and postretirement healthcare plans.