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Pension and Postretirement Benefits
3 Months Ended
Mar. 31, 2023
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits

Note 19. Pension and Postretirement Benefits

The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended March 31, 2023 and 2022 consist of the following:

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

 

 

$

 

 

$

6

 

 

$

10

 

 

$

44

 

 

$

85

 

Interest cost

 

 

211

 

 

 

125

 

 

 

93

 

 

 

54

 

 

 

92

 

 

 

88

 

Expected return on plan assets

 

 

(40

)

 

 

(2

)

 

 

 

 

 

 

 

 

(86

)

 

 

(125

)

Amortization of prior service credit

 

 

(8

)

 

 

 

 

 

29

 

 

 

22

 

 

 

 

 

 

 

Recognized net actuarial (gain) loss

 

 

71

 

 

 

134

 

 

 

(44

)

 

 

23

 

 

 

33

 

 

 

35

 

Net periodic benefit cost

 

$

234

 

 

$

257

 

 

$

84

 

 

$

109

 

 

$

83

 

 

$

83

 

Settlement cost

 

 

 

 

 

115

 

 

 

 

 

 

 

 

 

 

 

 

533

 

Total expenses

 

$

234

 

 

$

372

 

 

$

84

 

 

$

109

 

 

$

83

 

 

$

616

 

 

We expect to contribute $0.6 million to our funded pension plans, $0.8 million to our unfunded pension plans, and $0.7 million to our postretirement benefit plans in 2023. During the three months ended March 31, 2023, we contributed $0.1 million to our funded pension plans, $0.2 million to our unfunded pension plans, and $0.1 million to our postretirement benefit plans.